01/09/25
As of 1st September 2025, the European Securities and Markets Authority (ESMA) has authorised 54 crypto‑asset service providers (CASPs) under the EU’s Markets in Crypto‑Assets Regulation (MiCA), marking a significant step in the regulation of the crypto industry.
Licensed CASPs by Country
🇩🇪 Germany - 17
🇳🇱 Netherlands - 14
🇫🇷 France - 6
🇲🇹 Malta - 5
🇱🇺 Luxembourg - 3
🇪🇸 Spain - 3
🇦🇹 Austria - 2
🇨🇾 Cyprus - 1
🇮🇪 Ireland - 1
🇱🇹 Lithuania - 1
🇫🇮 Finland - 1
📜 MiCA: A Unified Regulatory Framework
MiCA (Regulation (EU) 2023/1114) establishes a comprehensive regulatory framework for crypto‑asset services across the EU. It mandates that CASPs obtain authorisation from national competent authorities (NCAs) to operate legally within the EU. ESMA maintains an interim register of authorised CASPs, which is updated regularly to reflect the latest authorisations.
🔍 Comparative Analysis: MiCA vs. Previous Regimes
Before MiCA, EU member states had varying national regulations for crypto‑assets, leading to a fragmented market. MiCA harmonises these regulations, providing a single authorisation process that allows CASPs to operate across all EU member states. This unified approach enhances legal certainty and consumer protection within the crypto sector.
🏢 Sector Impact: Real‑World Applications
The implementation of MiCA has led to increased authorisations of CASPs, with 54 entities now licensed to operate under the regulation. This growth reflects the industry’s adaptation to the new regulatory environment and the EU’s commitment to fostering a secure and transparent crypto market.
📞 Need Legal Guidance on MiCA Compliance?
At NUR Legal, we specialise in EU crypto‑asset regulation and can assist your business in navigating the MiCA authorisation process. Contact us today to ensure your operations comply with the latest legal standards.
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Nurlan Mamedov