ESMA expands MiCA registry with 15 new providers including BNY Mellon Belgian division
The European Securities and Markets Authority has expanded its MiCA registry with 15 new crypto-asset service providers, featuring BNY Mellon's Belgian division and prominent crypto companies like BitPay.
The third round of updates to the Markets in Crypto-Assets (MiCA) framework register since the transitional deadline of July 1 has seen European regulators incorporate 15 additional crypto companies, among them a division of BNY Mellon.
Following Friday's announcement by the European Securities and Markets Authority (ESMA), the interim MiCA registry now displays a total of 309 authorized crypto-asset service providers (CASPs).
Among the most recent registrations are four traditional banking entities, featuring BNY SA/NV, which operates as the Belgian arm of the American banking powerhouse BNY Mellon, plus three financial institutions based in Germany, in addition to cryptocurrency platforms including BitPay, Coinify and Bleap.
This registry expansion arrives as regulatory bodies advance the development of the MiCA framework, representing the European Union's inaugural comprehensive regulatory structure for cryptocurrency service providers and designed to enhance industry supervision.
Denmark and Germany dominate recent CASP registrations
The majority of recent registrations came from Germany and Denmark, each contributing three newly authorized CASPs to the registry. Two additional providers were registered from both Bulgaria and Latvia, whereas Belgium, Cyprus, Liechtenstein and the Netherlands each contributed a single new provider.
Among the German registrants were cooperative banking organizations Spar-und Kreditbank Rheinstetten and VR-Bank Augsburg-Ostallgäu, in addition to Raiffeisenbank Falkenstein-Wörth.
Additional newly registered service providers comprise: Bulgarian entities Altcoins BG and Digital Assist; Danish companies SafeLynx Technologies and Januar, which provides digital asset infrastructure services; plus Latvia-based operators Bleap and Nodu Digital.
Post-July deadline MiCA registry growth persists
This most recent registry expansion comes after ESMA's earlier additions following the July 1 deadline, which included 14 CASPs incorporated during the regulator's second update after the deadline, featuring prominent industry players such as Ripple Payments Europe.
Despite the expanding CASP list, ESMA indicated no modifications to other MiCA-associated registries in this latest announcement, encompassing authorized issuers of asset-referenced tokens (ARTs), e-money tokens (EMTs), and crypto assets, along with the register of non-compliant entities.
The ongoing registry updates demonstrate that MiCA implementation continues to be a developing process, with regulatory authorities persistently adding authorized service providers as firms finalize licensing requirements throughout European jurisdictions.
Simultaneously, certain industry leaders express concerns that maintaining MiCA license compliance expenses could force smaller operators to exit the marketplace, with Gate Europe CEO Giovanni Cunti indicating some licensed entities may face challenges sustaining the necessary compliance resources over extended periods.