ESMA Statement on the End of the Transition Period Under MiCAR
24.06.26
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Supervision and Regulation
In its statement dated June 23, 2026, the European Securities and Markets Authority (ESMA) once again highlights the approaching end of the MiCAR transition period. Service providers that do not hold a license as a crypto-asset service provider (CASP) under MiCAR as of July 1, 2026, are expected to take immediate steps to wind down their activities in an orderly manner, while safeguarding the interests of clients and mitigating risks to market integrity.
In particular, no new business relationships may be established, and the services provided must be limited to activities necessary for the conduct of existing business relationships. During the settlement process, all requirements relating to due diligence (SPG/SPV) and international sanctions (ISG) must be taken into account.
Whether a provider of crypto-asset services holds a license under MiCAR can be verified in the ESMA register.
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