Around 1,000 Crypto Companies Face Shutdown in the EU as MiCA Deadline Hits on 1 July

Contributing sentiments towards policy:

64% : * Bitvavo (Netherlands) is licensed through the Dutch authority AFM. Vienna, too, has emerged as a hub beyond Bitpanda: the FMA has granted authorisations to KuCoin EU, Bybit EU and AMINA Bank, among others.
62% : That date marks the end of the transitional period under the Markets in Crypto-Assets Regulation (MiCA) -- the framework that, as the first comprehensive EU law for the sector, brings exchanges, brokers and wallet providers under formal financial supervision of the kind long applied to banks.
59% : The wind-down must comply with all relevant EU and national rules as well as anti-money-laundering obligations, the authority stresses.
51% : According to the European Securities and Markets Authority (ESMA), which ruled out an extension of the deadline back in April, only around 210 companies held full authorisation by May -- out of more than 1,200 that previously operated under national crypto registrations across the EU.
47% : Companies that have not obtained authorisation by then may no longer serve European customers, or must shut down their EU operations entirely.
37% : No new clients: Unauthorised providers must "immediately stop onboarding new EU clients," must not open new client relationships or accounts, and must cease marketing and solicitation.
32% : It also reminds CASPs established outside the EU that they may neither serve EU clients nor solicit them -- not even in a business-to-business context.

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