Germany’s authorized CASPs rise to 79 as six cooperative banks join EU register
The European Securities and Markets Authority has updated its register under the Markets in Crypto-Assets Regulation, bringing the total number of authorized crypto-asset service providers in the EU to 331. The six newly added entities are all German cooperative banks: Raiffeisenbank Aidlingen, Ihre Volksbank, VR-Bank Mittelfranken Mitte, Volksbank Euskirchen, VR Bank Ried-Überwald and Volksbank Backnang. Germany now has 79 authorized CASPs, ahead of France with 35 and the Netherlands with 29. According to Germany’s financial watchdog, the country’s lead is linked to its large financial sector, the number of credit institutions able to offer crypto services, and the role of both the national licensing regime and the transition period, which allows some providers to obtain authorization through a simplified process. The update also leaves the asset-referenced token register empty, keeps the electronic money token register at 43 entries, and maintains the list of non-compliant entities at 167.
