Patrick Hansen, citing ESMA’s temporary register, said 35 electronic money tokens linked to eight fiat currencies were authorized across 12 member states, while approved ART issuers remained at zero.
The European Union had 21 authorized electronic money token issuers one week after MiCA’s full implementation, spanning 12 member states and accounting for 35 EMTs pegged to eight fiat currencies. Patrick Hansen, Circle senior director for EU strategy and policy, cited ESMA’s temporary MiCA register data and said France led the bloc with six licensed issuers. He also said approved ART issuers remained at zero, while registered CASPs exceeded 270. The snapshot offers an early read on how quickly firms are securing authorization under MiCA, the EU’s crypto rulebook, with activity so far concentrated in electronic money tokens rather than asset-referenced tokens.