DevPYMNTSabout 3 hours ago
July 1 MiCA Deadline Threatens Thousands of European Crypto Firms
2 min read
MiCA's July 1 deadline mandates EU crypto firms without licenses face service halts, client offboarding, or fines. 194 firms are licensed, 3,000 are registered, leaving 2,806 unlicensed firms likely to shut down or restrict EU user access. Users may receive fund withdrawal notices or identity reverification demands. ESMA confirms the transitional window ends July 1.
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