ESMA

MiCA is fully in force with ~320 licensed crypto firms across the EU, while estimates suggest >1,700 unlicensed operators must wind down or limit EU services; regulators warn of scammers impersonating firms and authorities post-deadline.

ESMA authorizes EuroCTP to operate the EU Consolidated Tape for shares and ETFs, with a transition to full service by 30 September 2026 and a five-year ESMA-supervised period; data is free for retail/academic/regulator use and charged for other users.

EU MiCA formal review launched to broaden coverage to non-EU stablecoins and emerging tech, with public consultations through Sept 30, 2026, potential amendments by 2027–2028, plus tighter ESMA custody oversight and a shifting global regulatory context.