2026-06-29
Added · Updated
The European Securities and Markets Authority (ESMA) urges unauthorised crypto-asset service providers (CASPs) to conduct an orderly wind-down of their EU operations by 1 July 2026, the end of the MiCA transition period, while prioritizing client interests and mitigating market risks. CASPs must immediately stop onboarding new EU clients, limit services to essential wind-down activities, and clearly communicate with clients about asset protection measures and deadlines for divesting or transferring crypto-assets. Clients of unauthorised CASPs are not covered by MiCA protections and are advised to verify their provider's authorisation status and transfer assets to an authorised CASP or a self-custodied wallet.