MiCA’s first 100 days leave most crypto firms behind, here’s who qualified
One hundred days after the Markets in Crypto-Assets (MiCA) framework took effect, most of the crypto industry is still racing to catch up.
On April 14, Circle’s executive Patrick Hansen, citing data from the European Securities and Markets Authority (ESMA), reported that only 11 stablecoin issuers and 15 crypto-asset service providers (CASPs) had received authorization.
The low figures underline the sector’s ongoing struggle to meet MiCA’s compliance requirements.
Hansen emphasized that without a MiCA license, crypto firms cannot passport their services across the 30 countries in the European Economic Area (EEA). This restriction is driving companies to accelerate their licensing efforts.
However, Hansen identified some key gaps, such…
