Crypto firms face AML risks during post-MiCA migration, says AMLA chair

COINTELEGRAPH · 2026-07-15

Mass user migration following the end of the Markets in Crypto-Assets Regulation (MiCA) transitional period could strain compliance at virtual asset service providers (VASPs) in the European Union, according to Bruna Szego, chair of the Authority for Anti-Money Laundering and Countering the Financing of Terrorism (AMLA). “Because we know customers will rush to withdraw, this will put additional pressure on these VASPs,” Szego said during a Wednesday briefing with the European Parliament’s Committee on Economic and Monetary Affairs. Szego said firms winding down their EU operations could come under pressure as customers rush to withdraw, while licensed crypto companies could face onboarding challenges as they absorb new users. She urged service providers to maintain efficient compliance procedures throughout the transition. MiCA’s 18-month transitional period ended on July 1 , requiring crypto asset service providers (CASPs) to hold licenses to continue serving EU customers. The European Securities and Markets Authority said crypto service providers that remain unauthorized by the deadline must take “immediate” steps to wind down their EU activities. Related: Last-minute MiCA approvals mark end of EU transition period Ahead of MiCA’s July 1 deadline, AMLA published an advisory note warning crypto firms about money laundering risks arising from the end of the transitional period. The guidance outlined measures for firms winding down their EU operations and licensed providers onboarding new customers to maintain anti-money laundering controls during the transition. Szego said AMLA will publish a report before the end of the year on money laundering risks in the crypto sector and supervisory practices across the bloc. She added that the authority is also expanding its blockchain analytics capabilities to strengthen oversight of crypto-asset service providers. The report will also assess how national authorities supervise crypto-asset service providers and identify differences in supervisory practices across member states. Szego said AMLA intends to use the findings to coordinate follow-up work with national regulators where needed as it works toward more consistent anti-money laundering oversight across the bloc. Magazine: Will the crypto lobby’s $189M campaign get CLARITY over the line?

AI 시장 분석

As the EU's MiCA transitional period ends on July 1, virtual asset service providers face heightened money laundering risks. AMLA Chair Bruna Sego warned of increased compliance burdens during large-scale customer migration and onboarding. Investors should monitor company-specific regulatory compliance and the upcoming AMLA risk report.

상승 영향

Bitcoin — The successful implementation of MiCA in Europe is expected to accelerate the institutionalization of the crypto market, boosting long-term trust and attracting institutional investors.

하락 영향

Bitcoin — The forced exit of non-compliant firms and stricter AML procedures may trigger a short-term reduction in market liquidity and trading volume.

DYAX 전담 분석

The expiration of the MiCA transition period marks a critical turning point for the European crypto market. While regulatory clarity is a long-term positive, the immediate operational pressure to comply with AML directives may disrupt market dynamics. Firms struggling to adapt to stricter protocols risk expulsion, potentially causing temporary volatility in the regional market.

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