BIG Crypto News: EU Approves 14 Stablecoin Issuers Under MiCA

MiCA in Full Swing: 6-Month Milestone

Europe's Markets in Crypto-Assets (MiCA) regulation is already reshaping the crypto industry across the continent. With 6 months of application for Crypto-Asset Service Providers (CASPs) and 12 months for e-money token (EMT) issuers, we now have a clearer picture of the compliant players in the European market.

Let’s break down the key highlights from the latest July snapshot.

14 MiCA-Authorized Stablecoin Issuers

Fourteen companies have officially received authorization to issue e-money tokens under MiCA — Europe’s regulated version of fiat-backed stablecoins. These come from 7 EU countries:

• 🇫🇷 France (3)
• 🇩🇪 Germany (1)
• 🇲🇹 Malta (3)
• 🇳🇱 Netherlands (3)
• 🇨🇿 Czech Republic (1)
• 🇫🇮 Finland (1)
• 🇱🇹 Lithuania (1)

🔹 A total of 20 EMTs are now live under MiCA:

• 12 are euro-denominated (e.g., EURC, EURAU, EURI, etc.)
• 7 are dollar-denominated (e.g., USDC, USD1, USDG)
• 1 is Czech koruna-denominated (CZKI)

Here’s the full list of authorized EMT issuers:

39 Licensed Crypto-Asset Service Providers (CASPs)

MiCA has also greenlit 39 CASPs across 9 countries in the EU/EEA:

• 🇩🇪 Germany (12)
• 🇳🇱 Netherlands (11)
• 🇲🇹 Malta (5)
• 🇫🇷 France (3)
• 🇱🇺 Luxembourg (3)
• 🇦🇹 Austria (2)
• 🇨🇾 Cyprus (1)
• 🇪🇸 Spain (1)
• 🇮🇪 Ireland (1)

These companies range from traditional finance giants to fintech disruptors and crypto-native exchanges:

TradFi examples:

• BBVA
• Clearstream
• CACEIS

Fintech examples:

• N26
• Trade Republic
• eToro
• Robinhood

Crypto-native examples:

• Coinbase
• Kraken
• Bitpanda
• OKX
• Bitstamp

Other Insights and Trends

• Still 0 authorized ART issuers (asset-referenced tokens), signaling minimal current demand.
• ~30 whitepapers have been filed under MiCA Title II, mostly for assets like BTC and ETH.
• Transition periods have ended in 🇳🇱 Netherlands, 🇵🇱 Poland, 🇭🇺 Hungary, 🇱🇻 Latvia, 🇸🇮 Slovenia, 🇫🇮 Finland, with Dutch AFM taking the lead in license issuance.
• 35+ CASPs have been flagged as non-compliant, mostly by Italian regulator CONSOB.