ESMA Expands MiCA Register with 15 New Crypto Providers
The European Securities and Markets Authority (ESMA) has added 15 new companies to its Markets in Crypto-Assets (MiCA) framework register. This includes a unit of US banking giant BNY Mellon, BNY SA/NV, as well as four other banking institutions and several digital asset platforms.
The latest additions bring the total number of licensed crypto-asset service providers (CASPs) to 309. Germany and Denmark led the latest additions, with three new CASPs registered in each country. Bulgaria and Latvia followed with two additions each, while Belgium, Cyprus, Liechtenstein, and the Netherlands each added one provider.
The update comes as regulators continue building out the MiCA framework, which introduced unified rules for crypto service providers and aims to bring more oversight to the sector. Industry executives have raised concerns that the cost of maintaining a MiCA license could push smaller firms out of the market, with Gate Europe CEO Giovanni Cunti warning that some licensed companies may struggle to sustain compliance resources over the long term.