MiCA Timeline: 2023 to 2026

Every key MiCA date: entry into force, stablecoin rules, full application, national transitional periods and their end.

1. 29 Jun 2023Law

   MiCA Enters Into Force

   Regulation (EU) 2023/1114 enters into force; most provisions apply later.

   Source: EUR-Lex official

2. 30 Jun 2024Law

   Stablecoin Rules Apply

   Titles III and IV (asset-referenced and e-money tokens) apply.

   Source: EUR-Lex official

3. 30 Dec 2024Law

   MiCA Applies in Full

   CASP authorisation (Art. 59, 63) applies; national transitional periods begin (Art. 143(3)).

   Source: EUR-Lex, ESMA grandfathering list official

4. 30 Jun 2025Deadline

   6-month Transitional Periods End

   Netherlands, Hungary, Latvia, Slovenia and Finland (6 months per ESMA's list; end date calculated). Poland also notified 6 months but had no implementing law; see its state page.

   Source: ESMA list official

5. 30 Sep 2025Deadline

   Sweden's 9-month Period Ends

   End date calculated from the 9 months notified to ESMA.

   Source: ESMA list official

6. 30 Dec 2025Deadline

   12-month Transitional Periods End

   Germany, Ireland, Lithuania, Austria and Slovakia (12 months per ESMA's list; end date calculated). Norway later extended its period to 30 June 2026.

   Source: ESMA list official

7. 17 Apr 2026ESMA

   ESMA Statement on the End of Transitional Periods

   After 1 July 2026, serving EU clients without a MiCA licence is a breach of EU law.

   Source: ESMA official

8. 23 Jun 2026ESMA

   ESMA Public Statement on Wind-Down

   Unauthorised CASPs must stop onboarding and marketing and wind down in an orderly way.

   Source: ESMA official

9. 1 Jul 2026Deadline

   All Transitional Periods End

   Art. 143(3) caps every national period at 1 July 2026.

   Source: EUR-Lex, ESMA official

National end dates marked “calculated” are VASP Tracker calculations from the months notified to ESMA; national law may differ. Per-state dates with sources: member states.