With the transition period for MiCA, known as the Crypto-Asset Markets Regulation in the European Union, ending at the beginning of the week, the European Securities and Markets Authority ESMA has updated its registration. The Authority added 37 new licenses for Crypto Asset Service Providers, increasing the number of registered companies to 280.
Standard Chartered also entered the list
Standard Chartered Bank was among the newly added institutions. After obtaining the MiCA license on June 25, the bank announced on Monday that it has strengthened its digital asset services in Europe with MiCA and EMI licenses.
The EMI license allows financial institutions to offer electronic money issuance and payment services, as well as crypto services. Standard Chartered stated that obtaining both the MiCA and EMI licenses is an important threshold for the expansion of its digital asset activities in Europe.
Standard Chartered announced that the MiCA and EMI licenses will strengthen its capacity to respond to growing customer demand in Europe and support its expansion plans in the digital asset space.
The bank also stated that this step is a continuation of its progress in the field of digital assets, after launching custody services in Asia and the Middle East. Standard Chartered is an international banking group headquartered in London and operating in many markets through its corporate banking network.
Distribution by other companies and countries
Apart from Standard Chartered, crypto-focused companies such as FalconX, Sygnum Europe and Ronin EM were also added to the ESMA registry. The financial company CACEIS, a subsidiary of Crédit Agricole, was included in the EMT registration.
On a country basis, the highest number of new MiCA approvals were seen in Cyprus, France, Italy and Malta, with six companies each. While the Czech Republic and Spain registered four new companies each, Luxembourg received three new approvals and the Netherlands received two new approvals. One new crypto company each entered the list in Germany, Liechtenstein and Latvia.
| Country | Number of new CASPs |
|---|---|
| Cyprus | 6 |
| France | 6 |
| Italy | 6 |
| Malta | 6 |
| czechia | 4 |
| Spain | 4 |
| Luxembourg | 3 |
| Holland | 2 |
| Germany, Liechtenstein, Latvia | 1 |
With these latest approvals, the total number of CASPs authorized by the Cyprus Securities and Exchange Commission has increased to 21. On the other hand, Germany’s financial regulator BaFin is ahead of other authorities in the European Union with the 58 MiCA authorizations it has granted so far.
There was no change on the ART side
ESMA reported that despite the growth of the MiCA registry, there have been no changes to the ART registry, which includes asset-referenced token issuers. The institution noted that no issuer is currently included in this section.
The list of non-compliant organizations has not been changed either. According to ESMA’s current data, there are a total of 162 companies on this list.
ESMA announced that although the number of licensed crypto companies has increased, no entities are yet included in the ART issuer register, while the list of non-compliant companies remains constant at 162 companies.
