- Of 2,747 EU crypto firms, only 210 — about 7%% — have obtained a MiCA license.
- MiCA rules require firms to obtain a CASP license by July 1, and those that fail to do so must halt operations in the EU.
- The market is watching for possible industry reorganization centered on larger firms that secure licenses after MiCA takes effect.
Forecast Trend Report by Period
Only a single-digit share of cryptocurrency firms in the European Union have obtained licenses under the Markets in Crypto-Assets regulation, or MiCA. The low uptake is drawing attention to the potential for an industry shakeout as the compliance deadline approaches.
BeInCrypto reported on June 2 that 2,747 virtual asset service…
