Kraken Blog/
MiCA enforcement begins July 1: what it means for institutional counterparties
MiCA enforcement begins July 1, 2026, across the European Economic Area, requiring crypto-asset service providers to be fully authorized to operate. Kraken reports it is authorized via the Central Bank of Ireland and holds MiFID permissions, while noting that some competitors like Bitget may restrict services and others like Binance have faced reported application rejections.
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Why It Matters
Non-authorized custodians or execution venues create compliance gaps for institutional clients, affecting CCO sign-off, LP reporting, and audit defensibility.