Wire · operational-macro
EU VASPs After MiCA: Authorization Rates and Illicit Exposure
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Fusion42 · 29 August 2026 · Fusion42 review
Following the end of MiCA's grandfathering period on July 1, 2026, only 281 out of 1,343 crypto service providers in the European Economic Area obtained authorization, forcing the majority to exit, restructure, or transfer customers. Unauthorized firms show significantly higher illicit exposure and risk ratings, while authorization remains uneven across member states depending on their prior licensing capacity.
This Wire brief sits within Fusion42's coverage of Fintech.
◆ ◆ The Wire takeaway
You face a major regulatory reset where only a minority of crypto firms are authorized under MiCA, making customer transfers and compliance urgent this week. Unauthorized providers carry greater illicit risk, so targeting clients from these firms could unlock safer growth.
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1 source · 7 Aug 2026
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