By Isaac • July 1, 2026 9:18 am •
Europe’s transition period for its crypto rulebook ended on July 1, 2026. The grandfathering clause that let existing firms keep operating is now gone.
Under MiCA, any crypto-asset service provider without full authorization has to stop or wind down its EU services. The regulators are not asking politely anymore.
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The count is what makes this real. Europe had more than 3,000 registered VASPs as of 2024.
As the deadline arrived, just 244 held MiCA licenses.
That gap is the whole story of the day.
LATEST: MiCA’s July 1 deadline could leave over 10 million crypto users without a platform as 80% of Europe’s 3,000+ unlicensed exchanges face shutdown. pic.twitter.com/a1T8cSr7Aq
— CoinDesk (@CoinDesk) June 30, 2026
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