The European MiCA register now has 321 authorized crypto companies. Twelve new providers joined the list in the fourth update published after the end of the transitional period. Europe is therefore moving forward in the application of its common framework, while increasing pressure on players who are still non-compliant.
In brief
- MiCA now has 321 authorized crypto businesses.
- Twelve new providers have joined the European register.
- The list of non-compliant entities reaches 167 entries.
MiCA brings the register to 321 crypto companies
ESMA has added twelve crypto-asset service providers to its MiCA register. The total thus increases from 280 crypto companies approved at the beginning of July to 321 authorized companies. This progression shows that national regulators continue to process requests after the European deadline of July 1, 2026. New entrants do not only come from the traditional crypto ecosystem.
Three German cooperative banks are included in this update: Volksbank Raiffeisenbank Oberbayern Südost, VR Bank Schleswig-Holstein Mitte and VR-Bank Landau-Mengkofen. Their arrival confirms that MiCA also attracts already established financial institutions. Spain adds Basque Pay and Fintech Payments.
France welcomes four new companies: Finary, Woorton, Blockchain Process Security and Shares Financial Assets. This French presence reinforces the country’s place among the most active jurisdictions in granting European authorizations. The registry brings together exchanges, custodians, payment companies, banks and other providers providing one or more services regulated by MiCA.
Crypto compliance becomes a condition of market access
CASP authorization gives companies the right to provide crypto services in the European Economic Area under a harmonized framework. It notably governs the custody of assets, the execution of orders, transfers, exchanges and the operation of certain platforms.
This European passport must reduce regulatory fragmentation. A company authorized in one Member State can extend its services to several countries without restarting a complete procedure for each market. In return, it must comply with more stringent requirements in terms of governance, customer protection and risk control.
The difference between authorized and unauthorized actors now becomes visible to users. The disappearance of Binance from Google Play in some European countries has shown that regulation can directly affect the distribution of applications and access to services.
The latest update does not only contain new licenses. Three companies were added to the register of non-compliant entities after a report from the Italian regulator: Cervo Rendisco, Flandenzo and Corona Fondenza. This list now includes 167 entries.
MiCA therefore no longer functions only as an authorization mechanism. The regulations also becomes a tool of exclusion. A crypto company that continues to target European customers without having the necessary status faces restrictions, public warnings and a gradual closure of its distribution channels.
The milestone of 321 licenses does not solve all the problems
The increase in the number of authorized providers represents concrete progress. It gives European users more choice and requires crypto companies to more clearly display their regulatory status. It also offers banks a legal path to integrate digital assets into their services.
However, blind spots remain visible. The number of issuers of electronic money tokens remains fixed at 41. No issuer of asset-referenced tokens appears yet in the relevant register. The development of CASP licenses is therefore progressing faster than certain categories of stablecoins planned by MiCA.
The rapid progress of the registry also does not tell how many applications remain pending. The procedures can last several months and require significant investments. Large companies have lawyers and compliance teams. For young companies, the regulatory bill can become a barrier to entry.
MiCA thus takes a digital step forward, but its real success will depend on its application. Europe will need to maintain consistent rules between countries, sanction unauthorized actors and prevent compliance from benefiting only the best-funded groups. As the difficult end of the MiCA transitional period showed, publishing a common framework remains simpler than applying it uniformly to the entire crypto market.
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