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MiCA Transition Period Ends July 1, 2026 for Estonian Crypto Firms
Finantsinspektsioon has reminded Estonian crypto asset service providers that the MiCA Regulation transition period ends on July 1, 2026. After this date, crypto asset services may only be provided in Estonia by companies with a licence from Finantsinspektsioon or the supervisory authority of another EU member state. The authority is currently processing 10 licence applications and advises that companies applying now or in coming months must include a wind-down plan with their application.
ESMA Guidelines on Crypto Company Staff Competence Requirements Under MiCA
Finantsinspektsioon has adopted ESMA's Guidelines for the criteria on the assessment of knowledge and competence under the Markets in Crypto-Assets Regulation (MiCA) as advisory guidelines. Providers of crypto asset services must ensure staff handling clients have appropriate qualifications and experience. Staff giving advice face higher knowledge requirements than those issuing information. Annual competency assessments and regular additional training are mandatory. The guidelines enter into force on 28 July 2026.