Crypto: Germany Widens The Gap With The UK

Germany now has 89 authorized providers under MiCA, representing 25.5% of the ESMA European registry. At the beginning of July, there were only 58. In just over two months, the country has added 31 more, an increase of over 50%. Banks, wealth managers, and players already specialized in crypto are part of this movement. Deutsche Bank is also preparing its own custody service for the end of the year.

In Brief

89 Crypto Licenses, Compared to 58 at the Start of July

The number is rising fast. On July 3, the MiCA registry listed 280 authorized companies in Europe. Germany had 58, ahead of France with 31 and the Netherlands with 26. Cointribune had then detailed this first wave of MiCA licenses. Today, the German count has risen to 89.

This number represents 25.5% of the providers listed in the ESMA registry, according to data cited by CoinShares. MiCA requires authorized companies to declare the services they offer, the European countries in which they intend to operate, and the authority that granted their license. The registry is public and regularly updated.