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EU Ends MiCA Grandfathering, DSA Targets TikTok, Meta

8/7/2026

28 4 Full Breakdown

Summary

Story summary

EU ended MiCA “grandfathering” on July 1, 2026, removing the crypto safety net.
ESMA says firms without a MiCA licence now breach EU law and must stop services.
MiCA mandates a single passportable licence for crypto providers across the EU and EEA.
July 2026 DSA enforcement forced TikTok and Meta to redesign services for user wellbeing and set measurable targets.

History

Historical Context

In January 2012 the European Commission proposed a unified data-protection law, approved in April 2016 and applied from 25 May 2018 as the GDPR, covering non-EU firms processing EU residents’ data. In 2019 the Commission fined Google €50 million, and the 2026 MiCA rollout now forces firms such as TikTok, Meta, Binance and Coinbase to obtain a single EU licence or stop operating.

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Story summary

EU ended MiCA “grandfathering” on July 1, 2026, removing the crypto safety net.
ESMA says firms without a MiCA licence now breach EU law and must stop services.
MiCA mandates a single passportable licence for crypto providers across the EU and EEA.
July 2026 DSA enforcement forced TikTok and Meta to redesign services for user wellbeing and set measurable targets.

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