EU authorizes 12 new crypto service providers under MiCA

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The European Union has authorized 12 additional crypto-asset service providers (CASPs) under its Markets in Crypto-Assets (MiCA) regulation, bringing the total to 321, as revealed in its fourth register update since the framework’s July 1 transitional deadline.

On July 31, the European Securities and Markets Authority (ESMA), the EU authority responsible for enhancing investor protection, promoting orderly markets and ensuring financial stability, published its updated register of authorized CASPs, with 12 newly licensed firms listed.

The new additions included German cooperative banks Volksbank Raiffeisenbank Oberbayern Suedost, VR Bank Schleswig-Holstein Mitte and VR-Bank Landau-Mengkofen; the Spain-based Basque Pay and Fintech Payments; and, in France, Finary, Woorton, Blockchain Process Security and Shares Financial Assets.

ESMA also added three Italy-based companies to its list of non-authorized firms, namely Servo Lendisco, Flandenzo, and Corona Fondenza.

MiCA’s other two registers, issuers of asset-referenced tokens (ARTs) and issuers of e-money tokens (EMTs), the former being tokens that maintain a stable value by referencing one or more assets, the latter tokens that maintain a stable value by referencing a single fiat currency, were not updated, remaining at zero and 41, respectively.