Grandfathering Period Ends Across Half of EU Member States

• MiCA is now fully in force across 50% of the EU, ending legacy VASP regimes.
• The grandfathering period expired in 15 out of 30 jurisdictions.
• By July 1, 2026, the grandfathering period will end across the entire EU.

Europe’s long-anticipated regulatory reset has reached its halfway mark. As of today, Regulation (EU) 2023/1114 on Markets in Crypto-Assets (MiCA) is fully effective in half (50%) of the jurisdictions where it applies. This effectively brings legacy VASP frameworks to an end.

The End of Grandfathering in 15 Jurisdictions

At the start of 2026, the grandfathering (transitional) period expired in the first group of countries, bringing the total to 15 of 30 jurisdictions (the 27 EU member states plus the three EEA countries: Iceland, Norway, and Liechtenstein). 

Notably, the grandfathering regime was a temporary relief mechanism that allowed crypto …

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