MiCA: Four French Companies Join Europe’s Register of Authorized Crypto Firms

The European MiCA register now counts 321 authorized crypto companies. Twelve new providers joined the list during the fourth update published after the end of the transitional period. Europe is therefore advancing in applying its common framework while increasing pressure on still non-compliant actors.

MiCA brings the register to 321 crypto companies

The ESMA added twelve crypto-asset service providers to its MiCA register. The total thus rises from 280 approved crypto companies at the beginning of July to 321 authorized companies. This progression shows that national regulators continue to process applications after the European deadline of July 1, 2026. The new entrants do not only come from the traditional crypto ecosystem.

Three German cooperative banks feature in this update: Volksbank Raiffeisenbank Oberbayern Südost, VR Bank Schleswig-Holstein Mitte, and VR-Bank Landau-Mengkofen. Their arrival confirms that MiCA also attracts already established financial institutions. Spain adds Basque Pay and Fintech Payments.

France welcomes four new companies: Finary, Woorton, Blockchain Process Security, and Shares Financial Assets. This French presence strengthens the country’s position among the most active jurisdictions in granting European authorizations. The register brings together exchanges, custodians, payment companies, banks, and other providers offering one or more services governed by MiCA.

Crypto compliance becomes a requirement for market access

The CASP authorization gives companies the right to provide crypto services in the European Economic Area under a harmonized framework. It notably governs asset custody, order execution, transfers, exchanges, and operation of certain platforms.

This European passport should reduce regulatory fragmentation. A company authorized in one member state can extend its services in multiple countries without restarting a full procedure for each market. In return, it must comply with heavier requirements regarding governance, customer protection, and risk control.

The difference between authorized actors and those who are not is now visible to users, disappearance of Binance from Google Play in certain European countries showed that regulation can directly impact the distribution of applications and access to services.

The latest update moreover does not only contain new licenses. Three companies were added to the register of non-compliant entities following a report by the Italian regulator: Cervo Rendisco, Flandenzo, and Corona Fondenza. This list now includes 167 entries.

MiCA therefore no longer functions just as an authorization mechanism. The regulation also becomes an exclusion tool. A crypto company that continues to target European customers without the necessary status exposes itself to restrictions, public warnings, and a progressive shutdown of its distribution channels.

Reaching 321 licenses does not solve all the problems

The increase in the number of authorized providers represents concrete progress. It gives European users more choices and forces crypto companies to more clearly display their regulatory status. It also offers banks a legal path to integrate digital assets into their services.

However, blind spots remain visible. The number of electronic money token issuers remains fixed at 41. No asset-referenced token issuers yet appear in the concerned register. The development of CASP licenses thus progresses faster than some categories of stablecoins planned by MiCA.

The rapid growth of the register also does not specify how many applications remain pending. Procedures can last several months and require significant investments. Large companies have lawyers and compliance teams. For young companies, the regulatory bill can become an entry barrier.

MiCA thus crosses a digital milestone, but its real success will depend on its implementation. Europe will need to maintain consistent rules between countries, sanction unauthorized actors, and prevent compliance from benefiting only the best-funded groups. As the difficult end of the MiCA transitional period has shown, publishing a common framework remains easier than applying it uniformly to the entire crypto market.