MiCA Slowdown Emerges as Europe Adds 14 Fresh Crypto Licenses
Europe Takes Another Step in Crypto Oversight
European regulators have added <14 new crypto firms> to the official list under the Markets in Crypto-Assets rules. This marks the second update since the main deadline passed and shows the process is moving at a slower speed than before.
What the New Numbers Reveal
The total count of approved crypto asset service providers now stands at 294. The fresh names include Ripple Payments Europe along with banks from Portugal and Croatia. Earlier in July the list grew by 37 companies in one go. The drop to just 14 this time points to a clear slowdown after the first rush of applications.
Traditional Banks Keep Entering the Space
Several well known banks appear on the latest list. These include two German cooperative banks, a state owned bank from Croatia and a private bank based in Liechtenstein. Their arrival shows that regular financial groups are becoming more comfortable offering crypto services under clear European rules. Other big names already on the register include BBVA, Commerzbank and Standard Chartered Luxembourg.
Stablecoin Registers Stay Quiet
No new issuers were added for electronic money tokens or asset referenced tokens. The count for electronic money tokens remains at 21 while the asset referenced token list still shows zero approved issuers. This suggests issuers are still working through the stricter requirements for these types of tokens.
Non Compliant List Grows Slightly
Two more names were placed on the list of firms that do not meet the rules. Italy regulators flagged Reversal Investment Group and Kortex. The total on this watch list is now 164. The presence of big platforms like MEXC shows that authorities are actively watching firms that operate outside the approved framework.
What This Means for the Market
The slower pace of approvals may mean regulators are taking more time to review each application carefully. This could lead to stronger consumer protection once the rules are fully in place. At the same time the steady addition of banks signals growing trust in the regulated crypto sector. Companies that win approval gain the right to offer services across the entire European Union without needing separate licenses in each country.
Looking Ahead
Market watchers expect more updates in the coming months. The focus will likely stay on stablecoin issuers and on making sure all service providers meet the new standards. For users this gradual rollout should bring clearer choices and better safety when dealing with crypto platforms in Europe.
