MiCA implementation: only about 20% of European crypto service providers authorized, 281 approved
2026-08-13 17:25
Odaily News According to a report by blockchain compliance analysis firm TRM Labs, following the full implementation of the EU's Markets in Crypto-Assets Regulation (MiCA), only 281 of the original 1,343 crypto asset service providers applied for and received operating authorization, accounting for roughly one-fifth.
Among the more than 1,800 crypto organizations previously registered in Poland, none obtained MiCA authorization; in Lithuania, only 8 of more than 400 received approval. Germany's regulator BaFin authorized 55 entities, while French and Dutch regulators each licensed 29.
TRM Labs' assessments show that among firms that failed to obtain authorization and exited the market, 12% were rated as high-risk or severe-risk, compared to 2% among authorized firms. The former sent $5 billion to sanctioned counterparties, while the latter sent $1.7 billion.
The report notes that unauthorized firms' sanctions exposure is approximately four times that of authorized firms. MiCA has also raised concerns about restricted access to stablecoins in Europe, and the EU is planning a comprehensive framework revision to address stablecoin issues and bring tokenized assets under regulatory scope. (Bitcoin.com News)
Among the more than 1,800 crypto organizations previously registered in Poland, none obtained MiCA authorization; in Lithuania, only 8 of more than 400 received approval. Germany's regulator BaFin authorized 55 entities, while French and Dutch regulators each licensed 29.
TRM Labs' assessments show that among firms that failed to obtain authorization and exited the market, 12% were rated as high-risk or severe-risk, compared to 2% among authorized firms. The former sent $5 billion to sanctioned counterparties, while the latter sent $1.7 billion.
The report notes that unauthorized firms' sanctions exposure is approximately four times that of authorized firms. MiCA has also raised concerns about restricted access to stablecoins in Europe, and the EU is planning a comprehensive framework revision to address stablecoin issues and bring tokenized assets under regulatory scope. (Bitcoin.com News)
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