Svmuu News: The transition period for the EU’s crypto regulation, MiCA, will officially end on July 1, 2026. As of May 2026, only 194 crypto companies across the EU have obtained formal licenses, while over 3,000 crypto firms were registered in 2024. Approximately 75% of existing platforms are expected to lose their operating qualifications after the grace period ends. Unlicensed platforms must either shut down in an orderly manner before the deadline, transfer users to licensed platforms, or completely exit the European market. The French regulator AMF has warned that operating without a license could result in up to two years in prison and a fine of 30,000 euros. If a user’s platform fails to obtain a MiCA license, they may face situations such as being unable to make deposits or being required to withdraw funds. (Cryptoslate)