Germany widens MiCA lead as latest EU register update adds 6 banks
Reported by Cointelegraph · AI-assisted summary by ChikoCorp AI News Desk
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Summary
Germany has increased its lead in licensed providers under the EU's Markets in Crypto-Assets Regulation (MiCA) with six new cooperative banks added to the register. The European Securities and Markets Authority (ESMA) updated its MiCA register to include 331 authorized crypto asset service providers (CASPs), with Germany now having 79 CASPs, ahead of France and the Netherlands.
Why it matters
According to the source, Germany's leading position in MiCA authorizations highlights its large financial sector and the number of credit institutions eligible to offer crypto services. The country’s pre-existing national licensing regime enabled some CASPs to access simplified authorization during MiCA’s transitional phase, reflecting how regulatory frameworks shape market participation.
Key context
Germany led MiCA authorizations previously with 57 providers in late June, and the recent growth continues this trend. BaFin, Germany’s financial regulator, attributed the high number of MiCA licenses to its established financial infrastructure and licensing processes. ESMA’s registers for asset-referenced tokens (ART) remain empty, electronic money tokens (EMT) count 43, and the list of non-compliant entities stands at 167.
Key numbers and entities
The six newly added German cooperative banks are Raiffeisenbank Aidlingen, Ihre Volksbank, VR-Bank Mittelfranken Mitte, Volksbank Euskirchen, VR Bank Ried-Überwald, and Volksbank Backnang. Germany now has 79 CASPs, France 35, and the Netherlands 29. The total authorized providers across the EU under MiCA are 331.
What remains unclear
The source does not explain the specific impact of these new licenses on the German crypto market or how the added banks plan to offer crypto services. The reasons why the ART register remains empty and details about the 167 non-compliant entities are also not elaborated.