The European Securities and Markets Authority (ESMA) is requiring all unauthorized crypto-asset service providers (CASPs) to cease operations in the European Union immediately. With the official end of the Markets in Crypto-Assets (MiCA) regulation transition period set for July 1, 2026, the regulator will completely close previous national frameworks, forcing the exit of hundreds of platforms that still lack the mandatory license.
This regulatory tightening will impact an estimated 75% to 83% of companies that operated under transitional regimes and must now execute orderly liquidation plans, freeze marketing, and stop acquiring European users. For the market, this represents a historical purge that eliminates fragmentation and drives a regulated and institutional environment, although it leaves retail investors unprotected under EU laws if they hold funds on unauthorized platforms after the deadline.
In the face of the imminent closure, these companies must guide their clients to safely withdraw or transfer assets to personal wallets or regulated entities. Users wishing to protect their capital should consult the ESMA MiCA Register to verify the legal status of their current platforms before the forced closure of their accounts.
Source: https://goo.su/HXAOiTZÂ
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