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EU's MiCA Enforcement Era Begins, but Consistency Questions Loom

7/4/2026

The EU's Markets in Crypto-Assets regulation — known as MiCA — has cleared its transition period, leaving unauthorized crypto firms legally required to wind down operations in the bloc.

Lawyers and industry executives, however, are already flagging a structural problem: they expect EU regulators to enforce the rulebook differently depending on jurisdiction, creating an uneven playing field from the regulation's first operational days.

The Transition Window Has Closed MiCA's transition period was designed to give crypto businesses time to obtain authorization or exit EU markets in an orderly way.

Any crypto firm operating without a valid MiCA license inside the EU is no longer in a gray zone — it is operating illegally.

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