Post‑MiCA enforcement — what VASP licence transfers and buyer due diligence must change in 2026

From 2026 MiCA supervision shifts from design to active enforcement, turning VASP licence transfers and change‑of‑control deals into multi‑jurisdictional, highly regulated transactions requiring NCA approvals and scrutiny of solvency, governance and AML/CFT systems. Buyers and sellers who don't upgrade due diligence — covering capital, custody, management fitness, blockchain analytics and local AML/sanctions compliance — risk delayed closings, fines or blocked sales.

From 2026 MiCA supervision shifts from design to active enforcement, turning VASP licence transfers and change‑of‑control deals into multi‑jurisdictional, highly regulated transactions requiring NCA approvals and scrutiny of solvency, governance and AML/CFT systems. Buyers and sellers who don't upgrade due diligence — covering capital, custody, management fitness, blockchain analytics and local AML/sanctions compliance — risk delayed closings, fines or blocked sales.