Germany takes away nearly a quarter of MiCA licenses; the EU’s crypto regulation faces a major split
The EU’s MiCA crypto regulation will take full effect on July 1, but the distribution of licenses shows an extremely uneven picture. According to the latest ESMA data, out of 244 CASP licenses, Germany holds 57 (about 23%), France has 26 (11%), and none of the five countries of Greece, Hungary, Poland, Portugal, and Romania received any.🇩🇪
Even more dramatically, Italy tops the non-compliance list—of the 162 violation records, 160 come from Italy. France, meanwhile, accelerated its sprint at the last moment, issuing 5 new licenses in a single week, including Paymium.🇫🇷
MiCA’s “single-country passporting” mechanism allows licensed firms in Germany to obtain business licenses across the entire EU first. Companies in lagging countries may face the risk of being pushed out of the market. Compliance costs range from 250,000 to 500,000 euros—smaller firms simply can’t bear it. With this regulatory reshuffle, it’s already clear who wins and who loses.
#MiCA #BaFin #ESMA #加密監管 #European Union