Germany’s number of MiCA-licensed crypto-asset service providers (CASPs) rose to 79, extending its lead well ahead of France and the Netherlands.
Six German cooperative banks newly received MiCA licenses, lifting Germany’s total by 22 in two months from 57 at the end of June.
ESMA updated its register to 331 CASPs, 43 e-money tokens (EMTs) and 167 non-compliant entities.
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Germany widened its lead in the number of institutions licensed under the European Union’s Markets in Crypto-Assets regulation, or MiCA.
Cointelegraph reported on August 24 that the European Securities and Markets Authority recently updated its MiCA register, raising the number of authorized crypto-asset service providers, or CASPs, to 331. The six newly added entities were all German cooperative banks: Raiffeisenbank Aidlingen, Ihre Volksbank, VR-Bank Mittelfranken Mitte, Volksbank Euskirchen, VR Bank Lahn-Dill-Oberwald, and Volksbank Backnang.
The update lifted Germany’s total number of licensed CASPs to 79. That puts it well ahead of France, with 35, and the Netherlands, with 29. Germany’s count increased by 22 in two months from 57 at the end of June.
BaFin told Cointelegraph that Germany’s large number of licenses reflects the size of its financial sector and the number of credit institutions able to offer crypto-asset services. The regulator added that Germany had already established a domestic licensing framework before the transition to MiCA, allowing some firms to receive approval through a simplified process.
Meanwhile, ESMA’s register for asset-referenced tokens, or ARTs, remained empty. Its register for e-money tokens, or EMTs, stayed at 43, while its list of non-compliant entities held at 167.