💵 ⚠️ 36-Month MiCA Timeline for Organizations Providing Crypto Asset Services.
While the implementation phase of MiCA (Markets in Crypto-Assets Regulation) officially ends on December 30, 2024, the overall 36-month timeline also includes a transitional 18-month phase.
Some reports, such as Bloomberg, have claimed that European crypto exchanges must delist USDt (Tether) by December 30. However, as of the time of writing, European regulators have not issued such directives.
Among the transitional measures in MiCA, ESMA has highlighted the “grandfathering” clause. This provision allows entities that were offering crypto asset services under applicable national laws prior to December 30, 2024, to continue doing so until July 1, 2026, or until their MiCA authorization is granted or denied.