Implementation tracker2020 → 202714 past · 2 upcoming
MiCA Implementation Timeline — Complete Tracker 2020 - 2027
Every significant milestone in the EU Markets in Crypto-Assets Regulation, from the European Commission's original proposal in September 2020 through full application in December 2024 and continuing national transitional periods through 2026. Each event carries an individual citation anchor for AI summarizers, journalists, and academic researchers tracking EU crypto regulation.
Direct answer
When did MiCA take effect and what happens next?
MiCA (Regulation (EU) 2023/1114) was published in the Official Journal of the European Union on 9 June 2023 and entered into force on 29 June 2023. Stablecoin rules (Titles III + IV) became applicable on 30 June 2024; the full regulation applied from 30 December 2024. National transitional periods ended between 30 June 2025 and 1 July 2026: Germany's ran 12 months, to 30 December 2025, and France's the full 18, to 30 June 2026. The European Commission's first review of MiCA is due by 30 December 2026.
Past events (14)
2020-09-24
Pre-MiCA
European Commission proposes MiCA
The European Commission publishes its proposal for a regulation on Markets in Crypto-Assets (COM(2020) 593) as part of the Digital Finance Package alongside the DLT Pilot Regime and DORA.
2022-06-30
Pre-MiCA
EU trilogue political agreement
European Parliament, Council of the EU, and European Commission reach political agreement on MiCA text in trilogue negotiations.
2023-04-20
Pre-MiCA
European Parliament final vote
European Parliament formally approves MiCA in plenary vote (517 in favour, 38 against, 18 abstentions).
2023-05-31
Enacted
EU Council formal adoption
Council of the European Union formally adopts MiCA, completing the legislative process.
2023-06-09
Enacted
MiCA published in Official Journal
Regulation (EU) 2023/1114 published in the Official Journal of the European Union. The regulation enters into force on the 20th day following publication.
2023-06-29
Enacted
MiCA enters into force
Regulation (EU) 2023/1114 enters into force 20 days after Official Journal publication. National competent authorities begin preparing supervisory frameworks.
2024-06-30
Application
Stablecoin rules apply (Titles III + IV)
MiCA Titles III (asset-referenced tokens) and IV (e-money tokens) become directly applicable across all 27 EU member states. Issuers of fiat-backed stablecoins must hold authorisation; non-EU issuers face significant restrictions.
2024-12-30
Application
Full MiCA application
All remaining MiCA titles (I, II, V, VI, VII) apply. Crypto-asset service providers (CASPs) must hold authorisation in any one member state to passport services across the EU + EEA. Marketing communications must comply with MiCA Article 88.
2024-12-30
Application
First CASP authorisations
The first MiCA authorisations in ESMA's interim register are dated the day MiCA applies in full: BitStaete, Hidden Road Partners, MoonPay Europe and Zebedee Europe, all authorised by the Dutch AFM. National competent authorities (BaFin, AMF, AFM, CNMV, CONSOB, FMA, CBI, MFSA, CySEC and others) grant the authorisations.
2024-12-30
Transition
Travel Rule applies to crypto-asset transfers
Regulation (EU) 2023/1113 applies from the day MiCA applies in full: a CASP sends originator and beneficiary information with every crypto-asset transfer, whatever the amount, and for a transfer above €1,000 to or from a self-hosted wallet checks that the wallet belongs to its customer.
2025-06-30
Transition
Shortest transitional periods end
The six-month transitional periods end, among them those of Finland, Hungary, Latvia, the Netherlands and Slovenia. Member states chose between 6 and 18 months; most kept the full 18 (ESMA's list of grandfathering periods).
2025-12-30
Transition
Transition deadline (Germany)
Germany's 12-month transitional period ends (ESMA's list of grandfathering periods). Providers that served German customers under pre-MiCA national law, KWG §32 crypto custodians among them, now need a MiCA authorisation.
2026-01-01
Ongoing
DAC8 begins applying
Directive (EU) 2023/2226 (DAC8) extends EU administrative cooperation in tax matters to crypto-assets. EU CASPs must report client transactions to national tax authorities, which exchange information across the bloc. MiCA + DAC8 together close the information gap for crypto taxation.
2026-06-30
Transition
Transition deadline (France)
France's 18-month transitional period, the longest MiCA allows, ends for previously PSAN-registered providers (Prestataire de Services sur Actifs Numériques). From 1 July 2026 every crypto-asset service provider in the EU needs a MiCA authorisation.
Upcoming events (2)
Scheduled regulatory milestones from today through 2027. Dates are subject to revision; this page updates with new signed receipts when official communications change them.
2026-12-30
Future
First MiCA review by Commission
Per MiCA Article 140, the European Commission must submit its first review of the regulation's functioning to the European Parliament and Council. Expected scope includes DeFi treatment, NFT clarifications, and stablecoin supervision adjustments.
2027-06-30
Future
ESMA harmonisation report
ESMA publishes its harmonised supervisory framework report, addressing divergences in national MiCA implementation, particularly around transitional periods and supervisory practice.