Regulators issued a slew of last-minute licenses in EU member states as MiCA’s transitional period came to an end on Wednesday for cryptocurrency firms.

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.