The European Union has granted licenses to 53 crypto firms under the Markets in Crypto-Assets (MiCA) regulation, a significant milestone in the development of a unified regulatory framework for digital assets. However, the news is not all positive, as two major players in the stablecoin market, Tether and Binance, have been left behind.
According to the EU’s Financial Services Authority, the 53 licensed firms have demonstrated compliance with strict requirements for anti-money laundering (AML) and know-your-customer (KYC) procedures. This development is expected to increase confidence in the crypto market and pave the way for further innovation.
The statistics are telling: of the approximately 1,000 crypto firms that initially applied for MiCA licenses, only about 5% have been granted approval so far. The remaining applicants will need to reapply or face potential penalties for non-compliance.
Jake Claver, QFOP
@beyond_broke
·
May 21 The EU lost its most widely-used stablecoin with USDT being pulled from major exchanges across Europe, all thanks to new MiCA regulations—and Tether’s decision not to play along. That opens up a huge opportunity in the market. But the real question is: who’s going to benefit? The
Cyprx Research Lab Official
@CyprxResearch
·
Jul 7 MiCA is reshaping Europe’s crypto landscape!
6 months in, there are now 14 authorized stablecoin issuers across 7 EU countries, offering 20 e-money tokens (mainly euro- and dollar-denominated), plus 39 licensed Crypto-Asset Service Providers (CASPs) from TradFi, fintech, and
Pulse | SocialFi
@PulseSocialFi
·
8h Pulser
@wrecks_21
reports on Europe’s MiCA progress — 53 firms licensed in just 6 months.
Big names like Circle, Robinhood and BBVA now operate EU-wide thanks to MiCA. Meanwhile, Tether and Binance lag behind, still working on compliance.
Will regulation strengthen the
DeFi Planet
@PlanetDefi
·
6h BREAKING: EU drops the hammer with MiCA approval!
53 crypto firms got the green light but Binance and Tether ( $USDT) didn’t make the cut.
Big names like Coinbase, Kraken, and OKX were all approved.
Vladimir Kardapoltsev (VK)
@VladimirKard
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1h 53 crypto firms have already received MiCA licenses across the EU – a major step toward regulatory clarity in the space Circle, Crypto com, and Societe Generale made the cut. But big players like Tether and Binance are still on the sidelines.
MiCA is no longer just a
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