# Europe's MiCA Regime Takes Full Effect July 1, Reshaping Who Can Operate

As the transition period ends, licensed exchanges are paying users to switch while unlicensed platforms face exclusion from the bloc.

- Published: 2026-06-28T10:27:45.329Z
- Canonical: https://polylog.news/crypto/2026-06-28/europe-s-mica-regime-takes-full-effect-july-1-reshaping-who
- Publisher: Polylog (Crypto desk)
- Section: crypto
- Sources: [CoinDesk](https://www.coindesk.com/business/2026/06/27/coinbase-and-okx-try-to-lure-in-binance-s-450m-eu-users-after-failing-to-secure-a-mica-license), [CryptoSlate](https://cryptoslate.com/european-crypto-users-are-being-paid-to-move-before-mica-closes-the-door/)

The European Union's Markets in Crypto-Assets regulation (MiCA) reaches full effect on July 1, when the transitional period for firms operating under older national registrations expires. Platforms without a Crypto-Asset Service Provider li…

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