- Germany leads the EU with 57 MiCA licenses, followed by France with 26 approvals.
- Several countries, including Greece and Poland, had not issued any MiCA licenses by June 29.
- Firms without MiCA authorization must stop regulated crypto services as the July 1 deadline takes effect.
The European Union has issued 244 Crypto-Asset Service Provider licenses under the Markets in Crypto-Assets framework as of June 29, according to European Securities and Markets Authority registry data. Germany led all member states with 57 approvals, while France followed with 26. The figures emerged days before the July 1 deadline requiring crypto firms to secure MiCA authorization or stop providing regulated services across the EU.
Germany And France Dominate Approvals
According to ESMA data, Germany accounted for about 23% of all MiCA licenses issued across the bloc. France ranked second with roughly 11% of total approvals. The latest figures also showed accelerating activity in France.
Between June 18 and June 22, French authorities issued five licenses. During the same period, regulators across the EU granted 11 approvals. As a result, France accounted for nearly half of new licenses issued during those days.
Meanwhile, Germany, France, the Netherlands, Luxembourg, and Ireland remain key licensing centers. According to the data, those markets collectively hold around 72% of EU financial assets.
Several Countries Remain Without Licenses
While some jurisdictions advanced quickly, others have yet to authorize any crypto firms. ESMA records showed that Greece, Hungary, Poland, Portugal, and Romania had issued no MiCA licenses as of June 29.
Notably, Poland still lacks a licensing framework aligned with MiCA standards. Reports indicated that the country’s president rejected the proposed legislation three times. The gap highlights differences in national implementation despite the EU’s unified regulatory framework.
However, the July 1 deadline applies across all member states. As the deadline arrives, firms without authorization must cease relevant operations within the European Union.
Deadline Pressures Unlicensed Firms
The licensing requirement marks a major shift for crypto companies operating in Europe. Under MiCA, a firm needs approval in one EU country to provide services across all 27 member states.
Consequently, companies that secure authorization gain passporting rights throughout the bloc. Those without approval lose access to the regulated market.
According to reports, Binance has not yet secured authorization in Greece and several other EU jurisdictions. The exchange is currently seeking approval in France while gradually reducing some European operations.
ESMA data showed that MiCA has moved from transition to enforcement, with licensing now determining which firms can continue serving customers across the European Union.
