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On June 23, 2026, the Autorité des Marchés Financiers (AMF), alongside the European Securities and Markets Authority (ESMA), issued guidance ahead of the July 1, 2026 expiry of the Markets in Crypto-Assets Regulation (MiCA) transitional period. From that date, any entity providing crypto-asset services to clients in the European Union without MiCA authorisation must cease operations. ESMA has set out specific expectations for digital asset service providers (DASPs) that have not obtained authorisation under MiCA. These providers must implement credible and immediately executable wind-down plans complying with MiCA's conduct, prudential, and anti-money laundering and counter-terrorism financing (AML/CFT) obligations. Wind-down plans should enable orderly market exits without causing undue harm to clients, including transferring crypto-assets to authorised crypto-asset service providers (CASPs) or self-hosted wallets with prior client notice. By July 1, 2026, any unauthorised service provider must have implemented its wind-down plan. The AMF reiterates that DASPs unable to comply with MiCA requirements from July 1, 2026 and which have not submitted CASP authorisation applications should have established wind-down plans by March 30, 2026, conducting only operations strictly necessary to settle affairs. Authorised CASPs must actively prepare for client migration before the deadline through robust onboarding processes compliant with AML/CFT requirements. ESMA warns retail investors that not all current service providers will be authorised after July 1, 2026. Investors should verify their provider's authorisation status on the AMF website, as MiCA protections apply only to the authorised legal entity, not affiliated or non-EU entities. Investors whose service providers lack authorisation should promptly transfer crypto-assets to an authorised CASP or self-hosted wallet.