As of June 29, the European Union had issued 244 Crypto-Asset Service Provider licenses under the MiCA framework. Registry data from the European Securities and Markets Authority showed Germany with 57 approvals, the highest in the bloc, followed by France with 26. The figures came just before the July 1 cutoff, when crypto firms without authorization were required to stop offering regulated services across the EU.
Germany Holds the Top Spot, While France Speeds Up
Germany accounted for about 23% of all MiCA licenses issued in the EU, while France represented roughly 11%. France also showed faster momentum in late June. Between June 18 and June 22, French regulators granted five licenses. During the same stretch, regulators across the EU issued 11 approvals in total, which meant France captured nearly half of new licenses added in those days.
Five Financial Hubs Dominate the Licensing Map
Germany, France, the Netherlands, Luxembourg, and Ireland remain the main licensing centers under MiCA. According to the report, those five markets together hold about 72% of EU financial assets. The concentration suggests that the rollout of MiCA approvals is clustering around the bloc’s established financial hubs, where regulatory capacity and market infrastructure are already stronger.
Several Member States Still Had No MiCA Approvals
Progress has not been uniform across the union. ESMA records showed that Greece, Hungary, Poland, Portugal, and Romania had issued no MiCA licenses as of June 29. Poland stood out because it still lacked a licensing framework aligned with MiCA standards. The report said the country’s president had rejected the proposed legislation three times. That gap points to uneven national implementation even under a single EU regulatory regime.
July 1 Turns MiCA From Transition Into Enforcement
The practical effect of MiCA is clear: a company that gains authorization in one member state can use passporting rights to serve clients across all 27 EU countries. A firm without approval cannot stay in the regulated market. With the July 1 deadline taking effect, licensing now decides which crypto businesses can continue operating across the European Union.
The report also noted that Binance had not yet secured authorization in Greece and several other EU jurisdictions. The exchange is seeking approval in France while gradually reducing some of its European operations. At this stage, MiCA authorization has become the key threshold for firms that want to keep serving the EU market.