With the July 1 deadline now passed, how will the end of MiCA's final transition phase affect users, companies, and the market?

European regulator ESMA called on unauthorized crypto-asset service providers to wind down their businesses in an orderly manner as the MiCA transitional period ends on July 1.

MiCA authorization data shows uneven rollout across EU and EEA jurisdictions with Germany leading approvals and five member states yet to issue licenses.