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The EU had issued 244 MiCA Crypto-Asset Service Provider licenses as of June 29, according to the ESMA register, with Germany leading at 57 and France second at 26, together accounting for more than a third of the bloc's total. The hard deadline lands on July 1, after which any crypto firm serving EU clients without a MiCA license must stop offering the relevant services.
Why it matters
MiCA is the first comprehensive crypto regime in a major Western jurisdiction, and the licensing tally is the first hard measure of how seriously European national regulators are taking the framework. Germany and France setting the pace signals that the EU's two largest economies intend to be the bloc's regulated on-ramps for institutional crypto capital, while the five member states that have issued zero licenses (Greece, Hungary, Poland, Portugal and Romania) become de facto off-limits for cross-border crypto distribution by default.
Market impact
The community pushback is the second-order read: tighter compliance has narrowed the list of tradable tokens for EU users, and liquidity has fragmented as venues derisk ahead of the July 1 cutoff. The structural trade is between regulatory clarity (which brings TradFi in) and product breadth (which leaves retail with fewer tokens), and MiCA has clearly picked the first side.
Source: [Две европейские страны выдали больше трети всех криптолицензий ЕС — bits.media](https://bits.media/dve-evropeyskie-strany-vydali-bolshe-treti-vsekh-kriptolitsenziy-es/)
Frequently asked questions
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What is a MiCA license?
A MiCA Crypto-Asset Service Provider license is authorization under the EU's Markets in Crypto-Assets Regulation, the bloc's first comprehensive crypto framework, required for firms serving EU clients with crypto services after July 1.
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Which EU countries have issued the most MiCA licenses?
Germany leads with 57 and France is second with 26 as of June 29, together accounting for more than a third of the EU's 244 total licenses on the ESMA register.
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Which EU countries have not issued any MiCA licenses?
Greece, Hungary, Poland, Portugal and Romania had issued zero MiCA licenses as of June 29, according to the ESMA register.
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What happens after July 1, 2026 for unlicensed crypto firms in the EU?
Crypto firms without a MiCA license must stop providing relevant services in the EU after July 1, marking the hard enforcement deadline for the regime.
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How is MiCA affecting crypto products available to EU users?
Community feedback has flagged that MiCA compliance has reduced the list of tradable tokens for EU users and fragmented liquidity as venues derisk ahead of the July 1 cutoff.
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