08.07.2025 07:05

The European Union's Markets in Crypto-Assets (MiCA) regulatory framework has reached a significant milestone, granting licenses to 53 cryptocurrency firms. This landmark achievement marks a pivotal moment in the EU's commitment to regulating the burgeoning crypto market.

Among the approved entities are fourteen issuers of stablecoins, a crucial element within the crypto ecosystem, and thirty-nine crypto asset service providers (CASPs). This broad spectrum of licenses demonstrates the EU's comprehensive approach to regulation, covering a substantial portion of the cryptocurrency sector operating within its borders.

Circle, a prominent player in the stablecoin space, has received approval for its euro-denominated stablecoins, paving the way for broader adoption across the Eurozone. Crypto.com, another major exchange, is preparing to leverage its newly acquired license to offer its services throughout the entire EU, significantly expanding its market reach.

The distribution of CASP licenses showcases a geographic disparity across the EU member states. The Netherlands leads in the number of issued licenses, followed closely by Spain, France, and Germany. This variation underscores the diverse approaches to crypto regulation adopted by individual nations within the EU framework.

While the initial wave of licenses is a considerable success for MiCA, it's important to note that no asset-referenced tokens have yet received approval. The next update regarding MiCA is expected in September, potentially shedding light on the regulatory landscape for this asset class. This future update will be keenly anticipated by industry participants eagerly awaiting clarity on this important segment of the crypto market. The EU's proactive approach, however, clearly signals its intention to establish a robust and transparent regulatory system for all crypto assets within its jurisdiction.