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MiCA Transition Ends on July 1: Approximately 75% of EU Crypto Companies May Lose License The EU’s MiCA transition period will end on July 1, after which crypto exchanges, brokers and wallet service providers without a MiCA license will no longer be able to serve EU users. As of May 2026, only 194 crypto firms in the EU had obtained a license, compared with more than 3,000 registered crypto firms in 2024. Around 75% of existing firms are expected to lose operating eligibility. Unlicensed platforms will need to stop new deposits and guide users to withdraw assets or transfer them to licensed firms. Regulators in some countries may also take measures such as website blocking and public warning lists.