• Germany has issued 57 MiCA crypto licences, leading the European Union’s 244 authorised crypto firms ahead of the 1 July deadline.
• France accelerated approvals in late June, while five EU member states have yet to issue a single MiCA licence.
• Regulators expect approvals across Europe to increase as more applications move through the new licensing framework.

Germany has become the leading jurisdiction under the Markets in Crypto-Assets Regulation (MiCA) after issuing 57 crypto-asset service provider licences, representing about 23% of the 244 approvals recorded across the European Union and European Economic Area before the 1 July transition deadline.

France ranked second with 26 authorised companies, alongside the Netherlands as one of the…