The EU Markets in Crypto-Assets (MiCA) Regulation Explained

Legal Nodes states that the EU's Markets in Crypto-Assets Regulation (MiCA) transitional period ended on 1 July 2026, so providers serving EU clients without MiCA authorization or another valid basis are now in breach of EU law. National competent authorities supervise MiCA, and the Polish Financial Supervision Authority has stated that no Polish body has been designated for most crypto-asset activities, so authorization proceedings cannot open there. Maximum fines for legal persons are EUR 5,000,000 plus a share of annual turnover of 3% to 12.5%, depending on the breach.