Six EU countries have not yet completed MiCA local law adjustments and face regulatory deadline pressure

Foresight News reported, according to CoinDesk, that with only three weeks left until the year-end implementation deadline for the EU's (Markets in Crypto-Assets) regulation, six member states, including Belgium, Italy, Poland, Portugal, Luxembourg, and Romania, have not yet completed the adjustment of their local laws. This status may make it difficult for the relevant national regulators to effectively process applications from (Crypto-Asset Service Providers) in the short term. The regulation requires all member states to complete the legal adjustments by the end of the year, so that can register and apply for licenses to operate within the EU. Several industry associations have called on the European Securities and Markets Authority () to set a six-month "buffer period" to avoid penalizing unlicensed companies for continuing to operate, but this request has currently been rejected. The latest progress on the implementation of will be discussed at the meeting on December 11, which may provide more specific time guidance. Additionally, the legislative process in some countries with existing crypto regulatory frameworks, such as Germany and Malta, is progressing slowly and still requires adjustments to comply with the provisions.