"The word is granted. Not applied for. Not in progress. Authorization processes take several months from submission to decision, varying by jurisdiction and application quality."
"Grandfathering under MiCA is not automatic for every registered VASP. It was always conditional, and the condition that most service providers missed was jurisdiction-specific."
"According to ESMA's published list of grandfathering periods, the Czech Republic set its deadline at July 31, 2025. Bulgaria closed its window on October 8, 2025."
Service providers in the crypto-asset sector must hold a granted authorization by July 1, 2026, or cease operations. The MiCA regulation allows those operating before December 30, 2024, to continue until this deadline, but only if they have applied for authorization. Many service providers have missed jurisdiction-specific application deadlines, which vary by EU Member State. The majority of these deadlines have already passed, leaving providers with limited options for operational continuity and compliance with regulatory requirements.
Read at news.bitcoin.com
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