Germany leads EU MiCA authorizations with 79 crypto service providers

Germany widened its lead in authorizations under the European Union’s Markets in Crypto-Assets Regulation (MiCA), reaching 79 crypto asset service providers after six cooperative banks were added to the latest ESMA register. The update, issued nine days after the previous release, brought the EU-wide total of authorized providers to 331, ahead of France with 35 and the Netherlands with 29. Germany’s count has risen from 57 in late June, aided by its large financial sector, eligible credit institutions and a pre-existing national licensing regime that allowed simplified procedures during the transition. MiCA, fully applicable since December 2024, lets licensed firms passport services across the bloc; ESMA and the European Commission are still developing technical standards on areas such as NFTs and DeFi. Other ESMA datasets were unchanged, with an empty asset-referenced token register, 43 electronic money tokens and 167 non-compliant entities listed.

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