Unauthorized CASPs will be barred from offering trading, custody and transfer services to EU users, with fines, blacklisting and legal action cited as potential penalties.
The European Union’s MiCA transition period will fully end on July 1, 2026, marking a hard deadline for crypto firms serving the bloc. After that date, any CASP (crypto-asset service provider) that has not received authorization will be unable to offer trading, custody or transfer services to EU users. The note also says violations could trigger fines, blacklisting and legal prosecution. The source indicates that some firms have already obtained MiCA authorization, but it does not provide the full list in the available text.