Patrick Hansen
Patrick Hansen|Apr 14, 2025 11:01
๐Œ๐ข๐‚๐€ 100-๐ƒ๐š๐ฒ ๐’๐ญ๐š๐ญ๐ฎ๐ฌ ๐”๐ฉ๐๐š๐ญ๐ž: ๐…๐ฎ๐ฅ๐ฅ ๐‹๐ข๐ฌ๐ญ ๐จ๐Ÿ ๐€๐ฎ๐ญ๐ก๐จ๐ซ๐ข๐ณ๐ž๐ ๐’๐ญ๐š๐›๐ฅ๐ž๐œ๐จ๐ข๐ง ๐ˆ๐ฌ๐ฌ๐ฎ๐ž๐ซ๐ฌ & ๐‚๐ซ๐ฒ๐ฉ๐ญ๐จ-๐€๐ฌ๐ฌ๐ž๐ญ ๐’๐ž๐ซ๐ฏ๐ข๐œ๐ž ๐๐ซ๐จ๐ฏ๐ข๐๐ž๐ซ๐ฌ ๐Ÿ‡ช๐Ÿ‡บ 100 days after MiCAโ€™s full application kicked in, it's time for another update. Hereโ€™s the latest snapshot from the ESMA interim registers (link in comments): ๐Ÿ“Œ 11 entities across 6 EU countries (๐Ÿ‡ซ๐Ÿ‡ท ๐Ÿ‡ฑ๐Ÿ‡บ ๐Ÿ‡ณ๐Ÿ‡ฑ ๐Ÿ‡ฒ๐Ÿ‡น ๐Ÿ‡ซ๐Ÿ‡ฎ ๐Ÿ‡ฑ๐Ÿ‡น) are authorized to issue e-money tokens (EMTs) โ€” i.e. single fiat-currency-backed stablecoins โ†’ 16 EMTs issued so far: โ€ข 10 euro-denominated โ€ข 6 dollar-denominated ๐Ÿ“Œ 15 MiCA-authorized CASPs (Crypto-Asset Service Providers) from 6 EU countries (๐Ÿ‡ฉ๐Ÿ‡ช ๐Ÿ‡ณ๐Ÿ‡ฑ ๐Ÿ‡ฒ๐Ÿ‡น ๐Ÿ‡ฑ๐Ÿ‡บ ๐Ÿ‡จ๐Ÿ‡พ ๐Ÿ‡ช๐Ÿ‡ธ) โ†’ Germany (6 CASPs) is leading the way with Malta closely behind (5 CASPs) โ†’ Offering services in trading, custody, execution, exchange, transfers, etc. โ†’ Notable TradFi entrants: BBVA, Clearstream, Flatex โ†’ Strangely, some Dutch firms previously listed (MoonPay, Hidden Road, Zebedee, Bitstaete) are now missing from the interim register. ๐Ÿ“Œ Still 0 (!) authorized ART (asset-referenced token) issuers ๐Ÿ“Œ 15 firms listed on the non-compliant entity list by Italyโ€™s CONSOB ๐Ÿ“Œ ~25 white papers notified for crypto-assets that are neither EMTs nor ARTs โ†’ Mostly covering major tokens like BTC, ETH, etc. Without a MiCA license, thereโ€™s no passporting of services across the 30 EEA countries โ€” thatโ€™s why the industry is moving fast. The race is on to gain market share. ๐Ÿ“… Next update at the 6 months mark at the end of June โ€” stay tuned.
+6
Mentioned
Share To

Timeline

HotFlash

APP

X

Telegram

Facebook

Reddit

CopyLink

Hot Reads