60% of EU Crypto Users Could Be Locked Out Before MiCA July 1 Compliance Deadline

According to researcher Alex Obchakevich, about 60% of EU crypto users on unlicensed platforms could be locked out ahead of the MiCA (Markets in Crypto-Assets) compliance deadline on July 1. As of May 2026, only 194 crypto firms (6.5%) have obtained MiCA licenses, while over 2,800 firms remain unlicensed, according to data from ESMA (European Securities and Markets Authority). Unlicensed platforms account for roughly 41% of app downloads in the region.

After July 1, all unlicensed exchanges, brokers, and wallets will be prohibited from serving EU users. Obchakevich advised users to urgently check the ESMA registry to verify their platform's compliance status and avoid account suspension.