[The EU MiCA Transition Period Ends on July 1, Unlicensed Crypto Platforms Must Exit the Market] According to Cointelegraph, the transition period for the EU's Markets in Crypto-Assets Regulation (MiCA) will end on July 1. By then, crypto-asset service providers (CASPs) without MiCA authorization must cease offering services to EU customers and implement business wind-down and user migration plans. ESMA stated that merely submitting a license application does not constitute a basis for compliant operations. Member state regulators may require platforms to shut down immediately, force users offline, and impose fines. The French regulator AMF noted that continuing operations without authorization could constitute a criminal offense, punishable by up to 2 years in prison and a €30,000 fine. Germany's BaFin will also complete the authorization transition for previously exempt entities by June 30. OKX estimates that approximately 60% of European crypto users remain active on platforms without MiCA authorization.