MiCA: There are Currently 280 Approved Crypto Companies on the European Register

Europe shifts into gear in terms of its regulation. With 280 MiCA-approved companies now, the Old Continent wants to compete with the giants of the crypto sector. But doesn’t this progress hide flaws in the face of USDT’s hegemony? Let’s dive into the core issues of a still unfinished regulatory revolution.

Europe: Now 280 Approved Crypto Companies Under MiCA

ESMA has officially crossed a major milestone. Indeed, its MiCA register welcomed 37 new crypto companies, bringing the total number of authorized providers in Europe to 280. This update on July 3, 2026 marks the end of the transition period and the strict entry into force of the European regulatory framework. These new players include well-known names such as Standard Chartered (through its Luxembourg subsidiary) and FalconX, authorized in Malta.

Germany retains the top spot with 58 authorizations, followed by France (31) and the Netherlands (26). Cyprus, for its part, contributed 6 new licenses, demonstrating its growing role in the European crypto ecosystem. But this register remains incomplete as no company is yet authorized to issue asset-referenced tokens (ART). A sign that MiCA struggles to cover all aspects of the market.

Is MiCA’s Admission of Failure Against USDT Going to be Revised?

Europe boasts of its pioneering regulation, but MiCA already shows its limits. For the USDT stablecoin by Tether, which represents more than 70% of the market, remains unreachable for European regulators. Worse, no European solution manages to compete with its massive adoption. To this end, the European Commission has announced an early revision of MiCA, implicitly acknowledging its inability to regulate foreign stablecoins.

Of the 3,000 crypto companies initially active in the EU, only 280 have succeeded in obtaining their license. The others? 80% are exiting the market. An exodus that raises questions: Is MiCA too strict, or simply ineffective against giants like Tether? USDT, still in power, ignores regulatory borders. Europe itself seems under the grip of its own rules.

MiCA is progress, but its record is mixed: 280 licenses out of 3,000 crypto players initially. Europe regulates but struggles to innovate. What if the real battle is elsewhere? Should MiCA be relaxed or should Tether (USDT) be accepted to continue dominating for a long time?