![\"Crypto](\"https:\/\/images.cointelegraph.com\/images\/840_aHR0cHM6Ly9zMy1pbWFnZXMuY3RtZWRpYS5pby9tZWRpYS9hcnRpY2xlLWNvdmVycy9oaS13aHktY3J5cHRvLXJlZnVzZXMtdG8tY29tcGx5LXdpdGgtbWljYS5qcGc=.jpg\")
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The ESMA says crypto companies without MiCA authorization must stop serving EU clients from July 1, even if their licence app<\/a>lications remain under review.<\/p>\n The European Union\u2019s Markets in Crypto Assets Regulation hits a hard deadline on July 1 when the transitional period ends and in-scope crypto asset service providers operating under national regimes must either hold a MiCA licence or stop serving EU clients.<\/p>\n A spokesperson from the European Securities and Markets Authority (ESMA) told Cointelegraph that from that date, non-authorized entities \u201cwill not be allowed to operate within the EU\u201d and should implement wind-down and client migration plans rather than rely on open-ended transitional status while awaiting a decision.<\/p>\n The deadline could force some crypto firms to suspend EU operations while their applications remain under review, potentially affecting millions of users who continue to engage with platforms that are not yet authorized under MiCA.<\/p>\n Read more<\/p>\n<\/p>\n If you liked the article, do not forget to share it with your friends. Follow us on\u00a0Google News<\/a><\/span>\u00a0too, click on the star and choose us from your favorites.<\/span><\/strong><\/p><\/blockquote>\n If you want to read more News<\/a> articles, you can visit our General category.<\/a><\/span><\/strong><\/p>\n<\/blockquote>\n\n