Blockzeit Data Hub

MiCA Regulation Tracker
EU Crypto Law, Every Step.

Name: EU MiCA Regulation Tracker
Creator: Blockzeit
License: https://creativecommons.org/licenses/by/4.0/

The EU Markets in Crypto-Assets regulation is the world's most comprehensive crypto law. Track every milestone from proposal to full enforcement — including which exchanges are licensed, which stablecoins comply, and what happens next.

Current Status

MiCA Fully Enforced

Transitional Period Ended July 1, 2026

Proposal (Sep 2020) Stablecoins (Jun 2024) Full Application (Dec 2024) Full Enforcement (Jul 1, 2026)

280

Licensed CASPs

~23%

Conversion Rate

EU/EEA States w/ CASPs

Ended

Transition Period

MiCA Legislative and Implementation Timeline

2027 Onwards

MiCA Review and Potential Expansion

The European Commission is required to publish reports reviewing MiCA's impact and identifying regulatory gaps, including areas not currently addressed by MiCA such as DeFi, NFTs, and crypto lending. These reports are expected to inform a potential MiCA 2.0 legislative proposal.

Future

Mid-2026

ESMA MiCA Register Formally Integrated

ESMA's interim MiCA register (currently published as weekly CSV files) is set to be integrated into ESMA's permanent IT systems, creating a searchable, live central register of all authorized CASPs, white papers, and non-compliant entities across the EU. Still pending as of early July 2026.

Upcoming

July 6-8, 2026

ESMA Register Grows to 280 CASPs, Standard Chartered Joins

ESMA's first post-deadline register refresh added 37 newly authorized CASPs, bringing the EU-wide total to 280 across 25 member states. Standard Chartered received MiCA authorization through its Luxembourg subsidiary on June 29, becoming one of the first global banks to secure a license and offer regulated custody across the bloc. Germany leads in total licenses, followed by France and the Netherlands, though only around 17 firms hold the higher-risk trading-platform permission.

Update

July 3, 2026

Binance Pushes Back, Reaffirms EU Commitment

Binance's Head of Europe, Gillian Lynch, argued publicly that MiCA's success should be measured by how many firms it brings into the regulated system rather than by exclusions, while disputing reports that the exchange's financial-crime controls fell short. She said Binance remains committed to securing a license and returning to full service, with France now the target jurisdiction after the Greek withdrawal.

Update

July 1, 2026

Transitional Period Ends Across All 27 EU Member States

The grandfathering period expired. Any CASP without full MiCA authorization was required to immediately stop serving EU clients, with ESMA confirming no extensions. Firms without a license must execute wind-down plans and allow users to withdraw assets to authorized platforms or personal wallets. At the deadline, only around 17-20% of the 1,200-plus VASPs that held pre-MiCA national registrations had converted to full CASP authorization; the register has continued climbing weekly since.

Deadline Passed

July 1, 2026

Binance Suspends Core EU Services

Without a MiCA license, Binance halted new spot orders, deposits, sign-ups, margin trading, futures, and Earn/staking products for EU users in France, Italy, Spain, and Poland (affecting roughly 2 million French users alone). Withdrawals remain open, and Binance says user funds stay safe and accessible. Wind-down of Binance Pay, Launchpool, Launchpad, and remaining margin/loan positions is staged through October 2026.

Breaking

June 24, 2026

Binance Withdraws MiCA Application in Greece

Binance withdrew its MiCA license application from Greece's HCMC days before the July 1 deadline, after reports the application was set to be rejected on fit-and-proper grounds tied to its anti-money-laundering history and majority owner Changpeng Zhao. With no authorization from any EU regulator, Binance confirmed it would halt crypto services for EU users from July 1 while pursuing a license in another member state, primarily France.

Completed

June 23, 2026

ESMA Calls on Unauthorized CASPs to Wind Down Orderly

Building on its April 2026 statement, ESMA issued a public statement instructing unauthorized CASPs to take immediate steps to wind down EU activities while safeguarding client assets, maintaining AML/CFT controls throughout, and reminded providers that reverse solicitation cannot be used systematically to circumvent the licensing requirement.

Completed

December 4, 2025

European Commission Proposes ESMA Centralization

The Commission's "Market Integration and Supervision" package proposed bringing EU digital asset supervision under ESMA directly, removing oversight from individual national regulators for systemically important cross-border crypto firms. The proposal was backed by France, Italy, Austria, and the ECB — but opposed by Malta, which licenses several major exchanges.

Completed

March 2025

Major Exchanges Delist USDT for EEA Users

Binance restricted all EEA spot trading pairs involving USDT. Kraken placed USDT in sell-only mode from March 24, disabling full trading by March 31. Coinbase had already delisted USDT for EEA users in December 2024. Tether has confirmed it has no intention to pursue MiCA authorization, citing the requirement to hold 60% of reserves in European bank deposits as incompatible with its business model.

Completed

January 2025

First CASP Licenses Issued

The Netherlands (AFM) and Malta (MFSA) issued the first MiCA CASP licenses on December 30, 2024. Germany's BaFin followed in mid-January 2025. By mid-2026, over 200 CASP licenses had been issued across EU member states, led by Germany, France, and the Netherlands.

Completed

December 30, 2024

Full MiCA Application Begins (Phase 2)

All remaining MiCA provisions came into force. Crypto-Asset Service Providers (CASPs) — exchanges, wallets, custodians, brokers — needed MiCA authorization to operate across the EU and access the single-market passporting system. The Transfer of Funds Regulation (TFR) also began enforcement, requiring CASPs to exchange personal data on both senders and recipients of crypto transfers.

Completed

June 30, 2024

Stablecoin Rules Take Effect (Phase 1)

Provisions covering Asset-Referenced Tokens (ARTs) and E-Money Tokens (EMTs) began to apply. Stablecoin issuers needed authorization before publicly offering or listing their tokens on EU trading venues. This was the first real enforcement moment for the crypto industry.

Completed

June 9, 2023

Published in the EU Official Journal

MiCA was published in the Official Journal of the European Union, entering into force on June 29, 2023. The 20-day gap between publication and entry into force is standard EU legislative procedure.

Completed

May 16, 2023

Council of the EU Formally Adopts MiCA

The Council accepted the Parliament's position, completing the final legislative step. MiCA became officially adopted EU law.

Completed

April 20, 2023

European Parliament Votes in Favour

The full European Parliament plenary voted to adopt MiCA, making the EU the first major jurisdiction to pass a comprehensive crypto regulatory framework covering all 27 member states.

Completed

June 30, 2022

Trilogue Agreement Reached

After months of negotiations between the European Parliament, Council, and Commission, a provisional political agreement on MiCA's final text was reached by the co-legislators.

Completed

September 24, 2020

European Commission Proposal

The European Commission published the original MiCA proposal as part of its broader Digital Finance Package, aiming to create a unified EU framework for crypto-assets not covered by existing financial law.

Completed

Major Exchange MiCA Licensing Status

As of July 9, 2026. Source: ESMA interim MiCA register.

Exchange

Status

Licensed By

Notes

Coinbase

Licensed

Central Bank of Ireland

USDT delisted for EEA users Dec 2024

Kraken

Licensed

Central Bank of Ireland / CSSF Luxembourg

USDT in sell-only mode from Mar 2025

Binance

No License

Greece application withdrawn Jun 24, 2026; now pursuing France

Halted new spot orders, deposits, sign-ups, margin/futures and Earn/staking for EU users (FR, IT, ES, PL) from Jul 1, 2026; withdrawals remain open; Binance says it is still committed to securing an EU license

Bitvavo

Licensed

AFM (Netherlands)

One of the first licensed; Netherlands leads in CASP approvals

Bitpanda

Licensed

FMA (Austria) / CSSF (Luxembourg)

Dual-rail authorization

OKX

Licensed

MFSA (Malta)

EU passporting across all 27 states

Crypto.com

Licensed

MFSA (Malta)

Delisted USDT alongside 9 other non-compliant tokens

Bybit

Licensed

EU NCA (confirmed compliant)

Secured authorization ahead of July 1 deadline

Gemini

Licensed

Ireland or Malta

Re-routed EU operations to secure passporting in 2025

Bitstamp

Licensed

CSSF (Luxembourg)

Luxembourg-based entity; full EU passporting

Revolut

Licensed

CySEC (Cyprus)

Crypto services under MiCA via CySEC authorization

Standard Chartered

Licensed

CSSF (Luxembourg)

Authorized Jun 29, 2026 alongside an EMI license; one of the first global banks with a CASP license, offering custody EU-wide

HTX

Pending

Not yet confirmed

Remained in limbo past the July 1 deadline

BitMEX

Pending

Not yet confirmed

Has not publicly announced MiCA authorization

Stablecoin MiCA Compliance Status

As of July 9, 2026. Authorized stablecoins hold EMT or ART issuer approval from an EU national regulator. Zero ART issuers have been authorized to date; every approved euro or dollar stablecoin has qualified under the lighter EMT regime.

Stablecoin

Issuer

Status

Notes

USDC

Circle

MiCA Compliant

First major stablecoin to clear MiCA; fully authorized EMT

EURC

Circle

MiCA Compliant

Euro-denominated EMT

EURI

Banking Circle SA

MiCA Compliant

Euro EMT supervised by CSSF Luxembourg; distributed via Binance pairs

EUROe

Membrane Finance

MiCA Compliant

First EU-regulated euro stablecoin; transitioned from pre-MiCA EMI framework

EURCV

Société Générale–Forge

MiCA Compliant

Euro EMT from a major EU banking group's digital-assets arm

RLUSD

Ripple

MiCA Compliant

Seeking to expand EU footprint following Tether's exit from regulated venues

USDT

Tether

Not Compliant

Tether has confirmed no intention to pursue MiCA authorization, citing the 60% EU bank deposit reserve requirement as incompatible with its business model. Delisted by Coinbase, Kraken, Binance, and Crypto.com for EEA users; remains unauthorized heading into 2027

DAI

MakerDAO (decentralized)

Not Compliant

Fully decentralized; no issuer entity exists to obtain MiCA authorization

USDe

Ethena

Not Compliant

Lacks MiCA authorization as of mid-2026

PYUSD

PayPal / Paxos

Not Compliant

US-issued by Paxos Trust; not in scope of EU EMI subsidiary structure

Data sourced from ESMA's MiCA register, official EU legislative records, and public exchange announcements. Last updated July 9, 2026. For informational purposes only, not legal advice.