- European regulators added 15 crypto companies, including a BNY Mellon subsidiary, to the MiCA register in its third post-deadline update.
- Germany and Denmark led the additions, contributing three new registered firms each, with the total now at 309 licensed Crypto-Asset Service Providers.
- Some industry executives warn that high compliance costs for MiCA licenses could force smaller firms out of the market.
European authorities added 15 crypto companies, including a BNY Mellon unit and several German banks, to the Markets in Crypto-Assets (MiCA) framework register on Friday. The European Securities and Markets Authority’s (ESMA) update marks the third expansion of regulated providers since the July 1 transitional deadline.
The latest entries include BNY SA/NV, the Belgian subsidiary of US banking giant BNY Mellon, and three German banks. Digital asset platforms such as BitPay, Coinify and Bleap were also added to the register, which now shows 309 licensed crypto-asset service providers (CASPs).
Germany and Denmark accounted for the largest number of additions, with three new CASPs registered in each country. Bulgaria and Latvia followed with two additions each, while Belgium, Cyprus, Liechtenstein and the Netherlands added one provider each.
The German additions included cooperative financial societies Spar-und Kreditbank Rheinstetten and VR-Bank Augsburg-Ostallgäu, along with Raiffeisenbank Falkenstein-Wörth. Other newly listed providers include Bulgaria’s Altcoins BG and Digital Assist, Denmark’s SafeLynx Technologies and Januar, and Latvia-registered providers Bleap and Nodu Digital.
This update follows ESMA’s previous register additions after the July 1 deadline, which included 14 CASPs and major industry companies such as Ripple Payments Europe. Meanwhile, ESMA reported no changes to other MiCA-related registers, including authorized issuers of asset-referenced tokens and e-money tokens.
However, some industry executives warn that the cost of maintaining a MiCA license could push smaller firms out of the market. Gate Europe CEO Giovanni Cunti said some licensed companies may struggle to sustain the compliance resources required over the long term.
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