EU MiCA rules take full effect July 1, pushing crypto firms to get licensed or exit the bloc

The EU’s Markets in Crypto-Assets (MiCA) regime will be fully enforced from July 1, requiring crypto companies operating in the bloc to secure the necessary licenses or stop serving customers. The tougher framework is accelerating the sector’s shift toward more institutional standards and compliance. Even so, the region’s stablecoin market remains overwhelmingly tied to the U.S. dollar, with more than 90% of activity concentrated in USD-backed tokens.