Bitcoin Magazine·2h ago·negative

EU Markets Regulator Orders Unlicensed Crypto Firms to Exit by July 1

ESMA has ordered all unauthorized crypto firms to stop serving EU clients and wind down operations before the MiCA transitional period expires on July 1, 2026.

Firms without MiCA authorization must stop onboarding new EU clients and cease marketing immediately.
Existing services can only continue to help clients sell assets, transfer holdings, or close positions.
Anti-money laundering obligations remain in full effect during the wind-down process.
Non-EU firms are also barred from providing MiCA-covered services to EU residents.
ESMA warned retail users that unlicensed providers do not offer MiCA investor protections.

regulationImpact 7/10

Why our editor rated this negative

The enforcement order creates market disruption and forces many crypto firms to exit the EU, which is restrictive for the industry, though it brings regulatory clarity.

Read the full story at Bitcoin Magazine

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