The EU has issued MiCA licenses to 53 crypto companies, including 14 stablecoin issuers and 39 crypto asset service providers.

According to Patrick Hansen, the EU Policy Director of Circle, the MiCA regulation implements a 6-month period for cryptocurrency asset service providers (CASP) and a 12-month period for stablecoins. In July, there were new developments: 14 institutions from 7 EU countries were authorized to issue stablecoins, with 3 from France and 1 or 3 from Germany and other countries. They collectively issued 20 types of electronic currency tokens or single fiat currency stablecoins, 12 denominated in euros, 7 in US dollars, and 1 in Czech crowns. A total of 39 CASPs received MiCA licenses, distributed across 9 EU/EEA countries, covering traditional finance (such as BBVA, Clearstream, CACEIS), fintech (such as N26, Trade Republic, eToro, Robinhood), and native crypto companies (such as Coinbase, Kraken, Bitpanda, OKX, Bitstamp). Currently, there are no issuers of asset reference tokens (ART), and the market lacks relevant demand. About 30 cryptocurrency asset white papers were notified, with the transition period ending in multiple countries. The Dutch Authority for the Financial Markets is leading in issuing certificates, but over 35 companies have been listed as non-compliant CASPs by Italian regulators. #BTC