{"id":74077,"date":"2026-06-15T19:03:57","date_gmt":"2026-06-15T19:03:57","guid":{"rendered":"https:\/\/crowdfundjunction.com\/blog\/up-to-75-of-eu-crypto-firms-risk-losing-their-license-on-july-1\/"},"modified":"2026-06-15T19:03:57","modified_gmt":"2026-06-15T19:03:57","slug":"up-to-75-of-eu-crypto-firms-risk-losing-their-license-on-july-1","status":"publish","type":"post","link":"https:\/\/crowdfundjunction.com\/blog\/up-to-75-of-eu-crypto-firms-risk-losing-their-license-on-july-1\/","title":{"rendered":"Up to 75% of EU Crypto Firms Risk Losing Their License on July 1"},"content":{"rendered":"<p><b>(Originally posted on : Bitcoin News )<\/b><br \/>\n<\/p>\n<div>\n<p><span style=\"font-weight:400\"><\/p>\n<div class=\"@container mb-[25px] rounded-sm overflow-clip py-0.5 pr-0.5 pl-2.5 bg-success-100\">\n<div class=\"flex flex-col gap-m overflow-clip rounded-[6px] !bg-success-10 p-3 @[420px]:p-m\">\n<h2 class=\"m-0 flex items-center gap-s text-[19px] !text-[#1c1c1c] md:text-[20px]\"><svg xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"16\" height=\"10\" viewbox=\"0 0 16 10\" fill=\"none\" class=\"shrink-0 text-success-100\" aria-hidden=\"true\"><path d=\"M1 1.5h14\" stroke=\"currentColor\" stroke-width=\"2.5\" stroke-linecap=\"round\"\/><path d=\"M1 8.5h10\" stroke=\"currentColor\" stroke-width=\"2.5\" stroke-linecap=\"round\"\/><\/svg><span>Key Takeaways<\/span><\/h2>\n<ul class=\"m-0 flex list-none flex-col gap-m pl-0\">\n<li class=\"m-0 flex items-start gap-s !text-[#434248]\"><span class=\"mt-2 size-2 shrink-0 rounded-full bg-success-100\" aria-hidden=\"true\"\/><span class=\"text-body\">MiCA\u2019s transition period ends July 1, requiring EU crypto firms to hold a full CASP license or stop serving clients.<\/span><\/li>\n<li class=\"m-0 flex items-start gap-s !text-[#434248]\"><span class=\"mt-2 size-2 shrink-0 rounded-full bg-success-100\" aria-hidden=\"true\"\/><span class=\"text-body\">Only about 210 of 1,200-plus VASPs have converted to full authorization, leaving roughly 83% unlicensed.<\/span><\/li>\n<li class=\"m-0 flex items-start gap-s !text-[#434248]\"><span class=\"mt-2 size-2 shrink-0 rounded-full bg-success-100\" aria-hidden=\"true\"\/><span class=\"text-body\">ESMA confirmed on April 17 that pending applications offer no protection past the deadline.<\/span><\/li>\n<\/ul>\n<\/div>\n<\/div>\n<p><\/span><\/p>\n<h2><span style=\"font-weight:400\">A Hard Deadline for Europe\u2019s <span>Crypto<\/span> Industry<\/span><\/h2>\n<p><span style=\"font-weight:400\">The transitional period under the EU\u2019s Markets in Crypto-Assets (MiCA) regulation will <\/span><span style=\"font-weight:400\">officially expire on July 1<\/span><span style=\"font-weight:400\">, 2026. After that date, any exchange, broker or wallet service provider operating without a MiCA license will no longer be permitted to serve users in the bloc<\/span><span style=\"font-weight:400\">.<\/span><\/p>\n<p><span style=\"font-weight:400\">The scale of potential disruption is significant as only around 210 of the more than 1,200 virtual asset service provider (VASP) entities that held pre-MiCA national registrations have converted to full crypto-asset service provider (CASP) authorization (a <\/span><span style=\"font-weight:400\">conversion rate of roughly 17%)<\/span><span style=\"font-weight:400\">. That leaves approximately 83% of firms without full authorization as the deadline approaches.<\/span><\/p>\n<figure id=\"attachment_823143\" aria-describedby=\"caption-attachment-823143\" style=\"width:595px\" class=\"wp-caption aligncenter\"><figcaption id=\"caption-attachment-823143\" class=\"wp-caption-text\">Image source: X<\/figcaption><\/figure>\n<p><span style=\"font-weight:400\">The European Securities and Markets Authority (ESMA) has left little room for ambiguity since a <\/span><a href=\"https:\/\/www.regulationtomorrow.com\/2026\/04\/esma-statement-on-the-end-of-transitional-periods-under-mica\/\" target=\"_blank\" rel=\"noopener noreferrer\"><span style=\"font-weight:400\">statement issued on April 17<\/span><\/a><span style=\"font-weight:400\"> clarified that a pending application offers no protection from subsequent suspensions. In sum, firms either hold a license by July 1 or stop serving clients.<\/span><\/p>\n<h2><span style=\"font-weight:400\">No Grace Period for Pending Applications<\/span><\/h2>\n<p><span style=\"font-weight:400\">\u201cHaving a MiCA application already in review doesn\u2019t protect you,\u201d ESMA\u2019s guidance made clear, emphasizing that pending applications create no legal shield. The position closes a loophole that some service providers had hoped might buy additional time.<\/span><\/p>\n<p><span style=\"font-weight:400\">MiCA, which entered into application in stages, is the EU\u2019s effort to create a single, harmonized rulebook for <span>crypto<\/span> across all 27 member states. A CASP license obtained in one member state can be \u201cpassported\u201d across the bloc, allowing a single authorization to cover the entire EU market.<\/span><\/p>\n<p><span style=\"font-weight:400\">Yet adoption of full authorization has been uneven and as <a href=\"https:\/\/www.bitcoin.com\/\" class=\"lar_link lar_link_outgoing\" target=\"_blank\" rel=\"noopener noreferrer\">Bitcoin.com<\/a> News reported recently, only a small fraction of <\/span><a href=\"https:\/\/news.bitcoin.com\/mica-decoded-174-registered-casps-but-only-14-can-operate-a-centralized-crypto-exchange-cex\/\"><span style=\"font-weight:400\">registered CASPs<\/span><\/a><span style=\"font-weight:400\"> are cleared to operate <a href=\"http:\/\/www.bitcoin.com\/get-started\/what-is-a-cex\/\" class=\"lar_link lar_link_outgoing\" target=\"_blank\" rel=\"noopener noreferrer\">centralized exchanges<\/a>, with major platforms covering much of the market through passporting. Implementation has also lagged in some jurisdictions, complicating compliance for firms racing against the clock.<\/span><\/p>\n<h2><span style=\"font-weight:400\">What Happens After July 1<\/span><\/h2>\n<p><span style=\"font-weight:400\">For firms that miss the deadline, the consequences are stark, i.e. a loss of legal access to one of the world\u2019s largest <a href=\"http:\/\/www.bitcoin.com\/get-started\/a-quick-introduction-to-crypto\/\" class=\"lar_link lar_link_outgoing\" target=\"_blank\" rel=\"noopener noreferrer\">crypto<\/a> markets. Some operators may withdraw from the EU entirely, while others could relocate or restructure to maintain a compliant foothold. The shake-out could concentrate market share among the larger, better-resourced platforms that secured authorization early, such as those that <a href=\"https:\/\/news.bitcoin.com\/blockchain-com-secures-mica-license-expands-crypto-services-across-27-eea-nations\/\">recently obtained licenses<\/a> to operate across the <\/span><span style=\"font-weight:400\">European Economic Area<\/span><span style=\"font-weight:400\">.<\/span><\/p>\n<p><span style=\"font-weight:400\">For the end user, the practical effect could include service interruptions, forced migrations to licensed platforms, or the withdrawal of certain products from EU markets. ESMA has emphasized the enforcement as essential to investor protection and market integrity.<\/span><\/p>\n<p><span style=\"font-weight:400\">In sum, the July 1 deadline could turn out to be one of the most consequential regulatory milestones in the EU <a href=\"http:\/\/www.bitcoin.com\/get-started\/a-quick-introduction-to-crypto\/\" class=\"lar_link lar_link_outgoing\" target=\"_blank\" rel=\"noopener noreferrer\">crypto<\/a> industry\u2019s history, given that a large share of firms operating within this space are still unauthorized.<\/span><\/p>\n<\/p><\/div>\n<p><a href=\"https:\/\/news.bitcoin.com\/mica-deadline-july-1-eu-crypto-license\/\">Source link <\/a><br \/>\n<br \/><\/p>\n","protected":false},"excerpt":{"rendered":"<p>(Originally posted on : Bitcoin News ) Key Takeaways MiCA\u2019s transition period ends July 1, requiring EU crypto firms to hold a full CASP license or stop serving clients. Only about 210 of 1,200-plus VASPs have converted to full authorization, leaving roughly 83% unlicensed. ESMA confirmed on April 17 that pending applications offer no protection [&hellip;]<\/p>\n","protected":false},"author":3947362404,"featured_media":74078,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"om_disable_all_campaigns":false,"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0},"categories":[32],"tags":[],"_links":{"self":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/posts\/74077"}],"collection":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/users\/3947362404"}],"replies":[{"embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/comments?post=74077"}],"version-history":[{"count":0,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/posts\/74077\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/media\/74078"}],"wp:attachment":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/media?parent=74077"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/categories?post=74077"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/tags?post=74077"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}