TechFlow News, June 15: According to CryptoSlate, the transitional grace period for the EU’s crypto regulatory framework, MiCA, will officially end on July 1, 2026. As of May 2026, only 194 crypto firms across the EU have obtained formal licenses, while over 3,000 crypto enterprises registered in 2024—approximately 75% of legacy platforms—are expected to lose their operating authorization upon expiration of the grace period.
Unlicensed platforms must orderly shut down operations before the deadline, migrate users to licensed platforms, or fully exit the European market. France’s regulator, the AMF, has taken the firmest stance, explicitly warning that operating without a license may incur penalties of up to two years’ imprisonment and a €30,000 fine. For ordinary users, if their platform fails to obtain a MiCA license, they may face restrictions such as being unable to deposit funds or being required to withdraw existing funds.
