PANews reported on June 15th that, according to CryptoSlate, the transition period for the EU's MiCA (Military Accountability Act) will end on July 1st, at which point crypto companies without a formal license will no longer be able to serve EU clients. Hogan Lovells statistics show that as of May 2026, only 194 crypto companies in the entire EU have obtained licenses, compared to over 3,000 registered companies in 2024. It is estimated that approximately 75% of the older companies will be phased out.

The French financial regulator, AMF, has clarified that after July 1st, unlicensed companies continuing to operate will constitute a criminal offense, punishable by up to two years imprisonment and a fine of €30,000. ESMA requires companies to prepare plans for the orderly closure or transfer of customers in advance. Users should verify platform licensing through the national regulatory registry or the EU Central List. Once the transition period ends, the European crypto market will shrink to be dominated by licensed institutions. Previously, Tether's USDT was delisted from several exchanges in Europe for failing to meet MiCA requirements, while compliant tokens such as USDC and EURC maintained their market position.