One week after the EU’s Markets in Crypto-Assets regulation (MiCA) came fully into force, early compliance figures are beginning to emerge. Citing temporary MiCA register data from the European Securities and Markets Authority (ESMA), Patrick Hansen, Circle’s Senior Director for EU Strategy and Policy, said the bloc currently has 21 authorized electronic money token (EMT) issuers across 12 member states. Together, those firms have issued 35 EMTs denominated in 8 different currencies. France leads all member states with 6 licensed issuers. In contrast, the number of approved asset-referenced token (ART) issuers remains at zero. Meanwhile, the total number of crypto-asset service providers (CASPs) registered under the MiCA framework has surpassed 270, underscoring the faster pace of licensing on the service-provider side in the first week of full implementation.
Initial compliance data emerges in MiCA’s first full week
One week after the European Union’s Markets in Crypto-Assets regulation, or MiCA, took full effect, the first batch of compliance figures has started to take shape. According to Patrick Hansen, Circle’s Senior Director for EU Strategy and Policy, who cited temporary MiCA register data published by the European Securities and Markets Authority, or ESMA, the EU currently has 21 authorized electronic money token, or EMT, issuers across 12 member states.
Those licensed entities have issued a combined 35 EMTs, covering 8 different denominated currencies. By country, France remains ahead of other member states with 6 licensed EMT issuers, indicating a relatively faster pace of authorization under the new regulatory regime during the first week of full implementation.
No ART issuers approved yet, while CASP registrations keep rising
In contrast to the progress seen in the EMT segment, the number of approved asset-referenced token, or ART, issuers remains at zero for now. That means no ART issuer has yet secured formal approval under the MiCA framework at this stage. At the same time, the total number of registered crypto-asset service providers, or CASPs, has climbed above 270, pointing to broader momentum in licensing for crypto-related services such as trading, custody, and other regulated activities across the EU.
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