Europe’s Crypto Map Shifts: MiCA Spurs 14 Stablecoin Issuers, 39 CASPs, and Counting
2025-07-13 17:23:04
Main Idea
Europe's MiCA regulation has seen progress in its first six months, with stablecoin issuers and crypto asset service providers (CASPs) obtaining licenses, though challenges remain for non-compliant firms and asset-referenced token issuers.
Key Points
1. 14 stablecoin issuers from seven EU countries have secured licenses, issuing 20 EMTs (12 euro-denominated).
2. 39 CASPs are now MiCA-licensed across nine EU/EEA jurisdictions, including fintech and crypto-native firms.
3. No asset-referenced token (ART) issuers have emerged yet, though around 30 whitepapers under MiCA Title II have been notified.
4. Over 35 firms have been flagged as non-compliant CASPs, primarily by Italy’s CONSOB.
5. Over 10,000 crypto businesses in the EU will face regulatory changes, with 80% of exchanges needing compliance adjustments.
6. The EU crypto market is projected to reach $1.2 trillion by 2025, with over 75% of firms expected to appoint compliance officers by mid-2025.
Description
Europe’s landmark crypto regulation, MiCA, is now six months into its full rollout, quietly reshaping the rules for crypto firms and stablecoin issuers. New licenses, stablecoin approvals, and early compliance trends hint at how the bloc’s ambitious regulatory experiment is unfolding. MiCA Marks Six Months As of July, 14 stablecoin (e-money token) issuers from seven EU countries, including France, Germany, Malta, and the Netherlands, have secured authorization. These countries have collectively ...
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