53 Crypto Companies Get Green Light in EU, Binance and Tether Left Behind?

Jakarta, Pintu News – Six months after the full implementation of the Markets in Crypto-Assets (MiCA) regulation by the European Union, a total of 53 crypto-related entities have been granted operating licenses across an economic area covering 30 member states.

The regulation, which becomes effective on December 30, 2024, is the first comprehensive legal framework for cryptocurrency operations, covering consumer protection, disclosure, licensing, and stablecoin issuance.

Check out the full news in this article!

List of Licensed Companies

Of the total entities that received approval, there are 14 stablecoin issuers licensed from seven countries and 39 crypto asset service providers authorized by MiCA. Some big names like Coinbase, Kraken, Bitstamp, and N26 can now offer their services across the European Union without the need for additional local approvals.

This marks a major step in the integration of crypto services in the vast European market. These companies now have the flexibility to “deliver” their services across EU member states, easing their operations and expansion.

With this license, they can ensure compliance with the strict standards set by MiCA, which in turn increases trust and security for users of their services.

Also read: Mexico’s Murano Hotel Adopts Bitcoin as a New Financial Strategy, Here Are the Details!

Large Unlicensed Companies

While many entities have secured licenses, there are some big names that have yet to be listed, such as Binance and Tether (USDT). Tether, in particular, has yet to obtain an MiCA license, which has led to delisting by some platforms such as Coinbase and Crypto.com.

Binance has also faced regulatory challenges in some jurisdictions, which led to its absence from the approved list. Binance and Tether’s absence from this list raises questions about the impact of regulation on their global operations.

Both entities are key players in the global crypto market, and their license status in the European Union could have a major effect on their future strategies and operations.

Read also: New Foundations of Digital Finance: Dubai’s First Tokenized Money Market Fund!

Stablecoins and Regulatory Compliance

Among the stablecoin issuers currently licensed under MiCA are Circle (EURC, USDC), Société Générale-Forge (EURCV, USDCV), and Membrane Finance (EURe, eUSD). Most of the licensed stablecoins are euro-denominated, although there are a few US dollar-denominated tokens and one Czech koruna token.

However, to date no company has signed up to issue asset referenced tokens (ARTs), which are stablecoins linked to baskets of assets.

According to EU officials, the current compliance and regulatory costs show that the market demand for ART is still low. This suggests that there is still room for growth and adaptation in the crypto ecosystem under MiCA regulation.

Conclusion

With over 50 crypto entities now operating under the MiCA, the European crypto market is showing signs of steady and orderly growth.

However, the absence of some big names shows that challenges remain, especially in terms of regulatory compliance and acceptance.

The next license update scheduled for the end of September is expected to provide more insight into the industry’s adaptation to MiCA.

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Reference

• Crypto News. EU Approves Crypto Firms Mica, Binance, Tether. Accessed on July 9, 2025
• Featured Image: PYMNTS