Greece Enters MiCA Register After Year-Long Absence of Domestic Crypto Firms

Greece has finally joined the MiCA register after a year-long absence of domestic crypto-asset service providers (CASPs) in the country. Four Greek companies - BCASH, Xenios Blockchain Group, Capital Wallet, and Piraeus Bank - have been authorized by the Hellenic Capital Market Commission (HCMC) or the Bank of Greece, marking the first wave of CASP entries since the regulation's transitional period began.

The four new entrants bring the total number of EEA states with at least one domestic CASP in the MiCA register to 27, closing much of the gap with countries that built out their registers earlier in the rollout. Greece's arrival on the MiCA register ends a stretch of roughly fifteen months during which the country's column showed no domestically authorized crypto firms at all.

The approved companies have been granted various permissions under MiCA, including custody and execution services for Piraeus Bank, reception and transmission of orders for Xenios Blockchain Group, and exchange of crypto-assets for funds for BCASH and Capital Wallet. However, none of the four run a trading platform or offer a transfer service.