Europe's crypto industry is undergoing a major regulatory overhaul as the European Union's Markets in Crypto-Assets Regulation (MiCA) takes full effect, ending temporary arrangements that allowed firms to operate under national registrations.
Companies that have not secured MiCA authorization by July 1 must stop serving customers in the European Union or wind down operations. The rules create a single framework governing exchanges, brokers and digital wallet providers across all 27 member states, replacing the patchwork of national regulations that previously existed.
