Paycot Pauses EU Crypto Services from 1 July 2026

1. Paycot Pauses Its EU Crypto Services from 1 July 2026

Paycot is pausing its crypto operations and crypto payment servicing for clients in the European Union. From 1 July 2026, the entity Paycotcom sp. z o.o. will no longer provide these crypto services in the EU in their current form. The reason is regulatory timing, not a change of direction: the EU's MiCA transitional period closes on that date, and Poland, where the entity is registered, has not put the national rules in place to carry the previous model forward.

This is a pause. Paycot plans to resume crypto operations under a separate licence, and will share the detail and the timing before anything goes live. Everything outside EU crypto continues unchanged.

2. What Is Changing, and for Whom

What pauses. From 1 July 2026, crypto operations and crypto payment servicing for EU clients, provided through Paycotcom sp. z o.o., stop in their current form.

Who is affected. Clients who settle crypto with us through the EU entity. We are contacting affected clients directly; if you are unsure where this leaves you, write to [email protected].

When. The change takes effect on 1 July 2026, the date the EU-wide transitional window closes.

3. Why Now: The MiCA Deadline and Poland's Gap

MiCA, the EU's Markets in Crypto-Assets Regulation, lets firms operate under prior national rules only until a hard cut-off. Article 143(3) set that transitional window, and on 17 April 2026 ESMA confirmed it ends on 1 July 2026 with no extension. After that date, providing crypto-asset services in the EU requires a MiCA (CASP) authorisation.

Poland is the missing piece. MiCA applies automatically, but each country needs a national law to empower its regulator to license firms. Poland never passed one: President Karol Nawrocki vetoed the Crypto-Assets Market Act three times, most recently on 11 June 2026, leaving Poland the only EU member state without a domestic MiCA framework. Its regulator cannot issue a CASP licence, so the prior model cannot simply continue.

4. What Is Not Changing

The pause is limited to EU crypto. Everything else Paycot runs continues without interruption:

• Fiat payments: these run under our Bank of Canada payment service provider registration, covering the initiation of electronic funds transfers and the handling of payment instructions.
• Infrastructure and integrations: white-label gateways, embedded widgets, and APIs stay in place and keep working.
• The same team: the people and systems behind your account do not change, and no action is required from you.

5. What This Means for You

If you use Paycot only for fiat payments or infrastructure, nothing changes and there is nothing to do. If your flows include EU crypto through Paycotcom sp. z o.o., those specific services pause on 1 July. We will have contacted you, and you can reach us at [email protected] to plan the transition. Send your structure and monthly volumes, and we will map the route while there is still time to take it.

6. Our Plan: Resuming Under a Separate Licence

We are not stepping away from crypto. Paycot intends to resume crypto operations under a separate licence, in a jurisdiction with a workable framework, and will announce the specifics, including timing, before any service goes live. We would rather pause cleanly and return on a solid legal footing than operate in a grey zone while the rules settle.

7. Thank You

To every client who has trusted Paycot with their crypto settlement: thank you, for that trust and for your patience through this transition. The pause is a regulatory step, and we will be back in touch as the next licence comes online.

8. About Paycot

Paycot is a payments infrastructure provider for businesses. Its fiat operations run under a Bank of Canada payment service provider registration under the Retail Payment Activities Act, covering the initiation of electronic funds transfers and the handling of payment instructions. Paycot also provides payment technology – white-label gateways, embedded widgets, and APIs – and is preparing to resume crypto operations under a separate licence. For payment questions, contact [email protected].

This article is general commentary as of June 2026 and reflects Paycot's position at the time of writing. It is not legal advice. Confirm your own position with qualified counsel before acting.

Sources

• Markets in Crypto-Assets Regulation (EU) 2023/1114, EUR-Lex: https://eur-lex.europa.eu/eli/reg/2023/1114/oj
• Statement on the end of transitional periods under MiCA, ESMA (April 2026): https://www.esma.europa.eu/sites/default/files/2026-04/ESMA75-113276571-1679_Statement_on_the_end_of_transitional_periods_under_MiCA.pdf
• Poland president vetoes crypto bill for third time, triggers MiCA deadline crisis, Crypto Times: https://www.cryptotimes.io/2026/06/12/poland-president-vetoes-crypto-bill-for-third-time-triggers-mica-deadline-crisis/
• Third crypto veto puts Poland up against the MiCA clock, Payment Expert: https://paymentexpert.com/2026/06/12/poland-crypto-veto-face-mica-deadline/