🆘 EU🇪🇺: on July 1, 75% of crypto companies operating in Europe could cease operations in the European market.

🆘 EU🇪🇺: on July 1, 75% of crypto companies operating in Europe could cease operations in the European market.

The restructuring of the sector continues. As a result of the industry's ongoing consolidation, users may be required to withdraw their funds to personal wallets or transfer them to licensed exchanges.

🔸 If a platform transfers its customers to a subsidiary holding a MiCA license, users will have to reconfirm their identity, AML compliance, and acceptance of new terms via email before the established deadline.

🔸 France🇫🇷 is expected to take the strictest approach. The country’s financial regulator, AMF, has already informed unlicensed companies that if they do not cease operations by July 1, criminal measures may apply: French legislation provides for prison sentences of up to 2 years and fines of 30,000 euros in such cases. In addition, the AMF will place unlicensed crypto service providers on a public blacklist and request European courts to block their websites.

🔸 Context: a study by OKX Europe found that 60% of European cryptocurrency users prefer unlicensed platforms. Between May 2025 and May 2026, such platforms accounted for 7.6 million exchange app downloads out of a total of 18.5 million.

🔸 Compliance with MiCA rules is expensive, and only banks, major exchanges, and well-funded platforms capable of maintaining legal teams, capital reserves, and compliance staff are expected to survive. This could effectively increase market concentration.

🔸 Analysts believe that aggressive cryptocurrency regulation in Europe could lead to greater movement of funds between accounts.

#news #Europe #crypto

🌎 payplanet.com verified partner for LatAm, India🇮🇳 Turkey🇹🇷 @pay_planet