Europe’s sweeping crypto legislation is quickly reshaping the industry’s regulatory landscape. Just six months after the Markets in Crypto-Assets (MiCA) framework came into force, dozens of companies have successfully registered to operate across the region under the new regime.
According to Circle executive Patrick Hansen, who cited fresh figures from the European Securities and Markets Authority (ESMA) on July 7, a total of 53 entities have now obtained MiCA licenses. This regulatory approval allows them to offer crypto services throughout the entire European Economic Area (EEA) without needing to apply for permission in each country individually—a process known as passporting.
The licenses mark a turning point for the EU’s digital asset oversight. Among the most impactful developments is the rise of authorized stablecoin issuers. Fourteen firms, including Circle, Crypto.com, Stablemint, and French banking giant Société Générale, have been cleared to issue fiat-backed stablecoins and e-money tokens. Their offerings span 20 different stablecoins, with most pegged to the euro, followed by the U.S. dollar and even the Czech koruna.
Notably absent is Tether, the issuer of the widely used USDT, which has yet to align with MiCA’s requirements. Its delay has already led to delistings from platforms like Coinbase and Crypto.com within the EU.
Beyond stablecoins, MiCA’s reach extends to crypto trading platforms and service providers. A total of 39 companies have gained regulatory approval, with the majority of licenses issued in Germany, the Netherlands, Malta, and France. These include a mix of fintech firms, traditional banks, and major exchanges like Coinbase, Kraken, OKX, and Robinhood. Binance, the world’s largest crypto exchange, is still awaiting approval but recently appointed a new executive to spearhead its regulatory push in Europe.
As the MiCA rollout accelerates, the framework is quickly establishing the EU as a regulatory leader in the global crypto space, providing clearer rules and broader access for compliant firms while tightening oversight on unlicensed players.
Alexander Stefanov
Reporter at Coindoo
Alex is an experienced finance journalist and a cryptocurrency and blockchain enthusiast. With over 8 years of experience covering the crypto, blockchain and fintech industries, he deeply understands the complex and constantly evolving world of digital assets. His insightful and thought-provoking articles provide readers with a clear picture of the latest developments and trends in the market. His passionate approach allows him to break down complex ideas into accessible and insightful content. Follow up on his content to be up to date with the most important trends and topics.
Source: https://coindoo.com/eus-mica-framework-gains-traction-as-over-50-crypto-firms-secure-licensing/