Europe Had 3,167 Crypto Firms – After July 1st, Just 244 Are Legal
MiCA’s licensing deadline has quietly erased up to 92% of Europe’s crypto companies, concentrated what survived in Germany, and left the world’s largest exchange and largest stablecoin outside the regulated market.
Vilnius, Lithuania- On July 1st, the transitional window under the European Union’s Markets in Crypto-Assets Regulation (MiCA) closed for good, with no extension. When it did, just 244 firms held a full crypto-asset service provider (CASP) licence — down from more than 3,167 entities that operated across Europe under national registrations before MiCA. Measured against that base, roughly 92% of the market did not survive the transition; even against a narrower count of about 1,200 formally registered firms, four in five did not convert.
A new analysis from independent ...
