In brief
- The EU’s MiCA transition period ends July 1, closing the window for crypto firms to operate under old national regimes without a bloc-wide license.
- Just 200 or so firms have secured full MiCA authorization, according to ESMA’s register—a small fraction of the pre-MiCA market.
- Binance is reportedly set to be denied an EU license, while Malta’s regulator is weighing how decentralized finance might fit within MiCA’s scope.
Europe’s crypto industry is bracing for a shakeout.
The transition period for the European Union’s Markets in Crypto-Assets regulation, known as MiCA, ends July 1, closing the window in which firms could keep operating under older national regimes. From that point, companies serving EU users are expected to…
