The European Securities and Markets Authority (ESMA) has issued a formal notice ordering unauthorised crypto-asset service providers to begin an orderly wind-down of their European Union operations following the conclusion of the Markets in Crypto-Assets Regulation (MiCA) transitional period on July 1, 2026.
While many providers will have secured the necessary authorisation by the start of July, significant entities currently operating under various national regimes may fail to meet the
