MiCA Deadline: 75% of European Crypto Firms Face Forced Closure on July 1

As MiCA's temporary permit expires on July 1, 2026, only 194 of approximately 3,000 registered European crypto companies have obtained licenses, leaving roughly 75% facing potential forced closure. According to MiCA regulations, all crypto exchanges, brokers, and wallet services operating in Europe must possess an official license.

Unlicensed platforms are expected to block new deposits and force users to withdraw funds or transfer to licensed exchanges. France is rapidly implementing this deadline with mandatory cessation orders for unlicensed firms, while other European nations are preparing similar enforcement actions.