TLDR
- Germany topped the MiCA rollout with 57 licenses, giving country the largest EU authorization base.
- France ranked second with 26 approvals while June authorizations showed faster processing by national regulators.
- Five member states had issued no MiCA permits, leaving gaps across parts of the bloc.
- Unlicensed crypto firms faced a July 1 service cutoff for regulated activities across EU markets.
- Germany, France and the Netherlands remained central because major EU financial assets cluster heavily there.
ESMA register data showed that the European Union had issued 244 Markets in Crypto-Assets licenses for Crypto-Asset Service Providers by June 29, as national regulators moved toward the July 1 deadline for unlicensed firms.
The figures placed Germany and France at the front of the EU MiCA crypto licensing rollout, with the two countries together accounting for more than one-third of all valid permits. The register also showed that Greece, Hungary, Poland, Portugal and Romania had not approved any MiCA applications by that date, leaving distribution across the bloc uneven.
Germany and France Lead MiCA Licensing
Germany recorded 57 MiCA crypto licenses, giving it the largest national share of the EU total and placing it ahead of other major financial markets. France ranked second with 26 licensed crypto companies, representing about 11% of all permits issued under the new framework. Together, the two countries held a leading position in the early phase of MiCA authorization across the 27-member bloc.
France also increased its pace of approvals in the second half of June, according to the ESMA data cited in the report. From June 18 to June 22, French regulators issued five licenses, the highest number recorded by any EU country during that period. Across the bloc, 11 permits were granted during those days, showing continued activity before the July deadline.
The concentration of approvals in Germany, France and the Netherlands followed the broader structure of EU financial markets. These countries, along with Luxembourg and Ireland, hold about 72% of financial assets in the European Union. Their early role in MiCA licensing reflected the size of their existing financial sectors and their established supervisory capacity.
Uneven Licensing Across Member States
Five EU member states had not issued any MiCA crypto licenses by June 29, according to the ESMA register. Greece, Hungary, Poland, Portugal and Romania remained without approved Crypto-Asset Service Providers under the new EU standard. This uneven rollout showed that national authorization processes were moving at different speeds across the bloc.
Poland remained a notable case because it had no active licensing system aligned with the pan-European MiCA standard. The report stated that the country’s president had rejected the proposed legislation three times, delaying the creation of a domestic approval framework. Without such a system, crypto companies based in Poland could face added regulatory limits when seeking EU-wide market access.
MiCA was designed to create a common legal framework for crypto-asset issuance, trading and related services across the European Union. The rules are intended to replace fragmented national approaches with a single regulatory structure for licensed providers. A firm approved in one EU country may use that authorization to serve customers across the wider bloc.
July 1 Cutoff for Unlicensed Crypto Firms
Under EU requirements, crypto companies had to secure a MiCA license in at least one member state by July 1 to continue offering covered services legally. Firms without authorization were required to stop regulated crypto activities in the European Union after the deadline. The rule applied to companies seeking access to customers across all 27 EU countries.
The report stated that Binance had not obtained a license in Greece and several other EU countries and was seeking authorization in France. It also said the exchange was gradually reducing some European operations while the licensing process continued. The case showed how large crypto platforms were still adjusting to the new authorization system.
By June 29, the EU had reached 244 valid MiCA crypto licenses, with Germany and France setting the pace for the rollout. The number showed that a broad group of firms had moved into the new regulatory framework before the deadline. At the same time, the absence of licenses in five member states showed that national readiness remained uneven as MiCA entered full service enforcement.
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