
MiCA is now fully in force across the EU, but Poland remains the only member state without domestic implementing legislation after a third presidential veto.
The EU’s Markets in Crypto-Assets framework, or MiCA, was fully implemented on July 1, 2026, ending transition periods for crypto-asset service providers across the bloc. All EU member states except Poland have transposed MiCA into domestic law, and only 244 firms have secured EU-wide MiCA authorization so far. Poland remains the sole outlier after the country’s president rejected the domestic bill for a third time, leaving it without the national legal framework tied to the EU’s crypto licensing regime.