The European Securities and Markets Authority (ESMA) has instructed unauthorized crypto asset service providers to stop accepting new customers and begin winding down their operations before the European Union’s MiCA transitional framework expires on July 1.
Firms that have not yet secured MiCA authorization have been told to exit the market in an orderly manner while protecting customer assets and minimizing risks to market integrity.
The guidance marks another significant step in implementing MiCA, the world’s first comprehensive regulatory framework for crypto assets.
Once the transition period ends, only authorized crypto firms will be able to operate across the European Union under the new rules.
Industry observers believe the move will strengthen investor protection, improve regulatory certainty and encourage wider institutional participation by creating a more transparent and standardized digital asset market.
Source: esma.europa.eu
MiCA Countdown: 5 Days to Go
What happens if a crypto firm isn’t authorised?@ESMAComms‘s latest statement provides clear expectations for crypto-asset service providers that have not obtained MiCA authorisation by 1 July 2026: https://t.co/4s362ho7zg
Unauthorised firms are… pic.twitter.com/2jKwPruOTI
— CryptoUK 🇬🇧 (@CryptoUKAssoc) June 26, 2026
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