The European Securities and Markets Authority has published a statement “to clarify expectations how unauthorised crypto-asset service providers (CASPs) must wind down activities while also protecting investors after the end of the transitional period under the Markets in Crypto-Assets Regulation (MiCA)”, due to occur on 1 July.

According to a release from crypto data firm Kaiko, only 210 or so, of more than 1,200 entities that held pre-MiCA registrations, have converted to CASP status, a conversion rate of less than 18%. It adds that 10 EU jurisdictions have yet to…