TLDR
The EUs MiCA register has added more licensed crypto-asset service providers, taking the CASP list to 325 firms and highlighting growing regulated crypto activity in Europe.
- The MiCA CASP register now lists 325 authorized providers, including new bank entrants, alongside 43 licensed stablecoin (EMT) issuers.
- This expansion strengthens passported, regulated access to crypto services across the EU, while a separate non-compliant list of 167 entities flags platforms to avoid.
- Next, watch further additions, removals, and planned MiCA updates in 2027 that could reshape rules for non-EU stablecoins and service providers.
Deep Dive
1. What Has Expanded
Recent updates to the European Securities and Markets Authority (ESMA) registers show the MiCA crypto-asset service provider (CASP) list growing to 325 authorized firms, with new names such as Czech lender Partners Banka and Germanys Volksbank Beilstein-Ilsfeld-Abstatt added to the roster of regulated providers. The electronic money token (EMT) register for MiCA-compliant stablecoin issuers has reached 43 entries, including Slovenias Dinaro, which marks Slovenias first EMT issuer on the list. At the same time, some entities like Czech firm Altlift have been removed, demonstrating active maintenance of the register. These figures are summarized in ESMA-focused coverage of the MiCA CASP and EMT registers.
More firms, including banks and payment companies, are obtaining MiCA licenses, signaling that regulated crypto services are becoming part of mainstream financial infrastructure in the EU.
2. Why It Matters For Users And Firms
MiCA creates a single rulebook for crypto-asset service providers across the EU, allowing authorized firms to passport services to other member states rather than seeking separate national licenses. Requirements cover governance, capital, client asset protection, disclosures, and complaint handling, depending on the services offered, which can improve consumer protection and institutional comfort. Alongside the CASP and EMT lists, regulators maintain a non-compliant entity list that currently includes 167 entries, helping users distinguish regulated players from those operating outside MiCA. Firms like Flowdesk and Bitcoin Suisse have actively pursued MiCA authorizations as part of broader European strategies, reinforcing MiCAs role as a key regulatory benchmark.
For EU users and institutions, checking whether a platform appears on the MiCA CASP or EMT register is becoming a practical filter for choosing safer, more robust service providers.
3. What To Watch Next
European policymakers are already preparing a 2027 review of MiCA to test whether the framework remains fit for purpose, with particular attention on stablecoins issued or jointly issued outside the EU, where current rules leave gaps in oversight. At the same time, the asset-referenced token (ART) register remains empty, and new additions or removals from the CASP and EMT lists will signal how regulators handle more complex token types and cross-border arrangements. The balance between welcoming regulated innovation and tightening rules for non-EU issuers will be a key driver of which stablecoins and platforms remain available to EU users.
If you rely on specific stablecoins or platforms, it is worth monitoring MiCA register updates and the 2027 review, as changes could affect which assets and services stay accessible in the EU.
Conclusion
MiCAs expanding registers show the EU consolidating crypto supervision around a single licensing regime, pulling banks and specialist providers into a common framework while flagging non-compliant platforms. For crypto users and institutions in Europe, the growing CASP and EMT lists, plus upcoming MiCA revisions, will shape where regulated liquidity, custody, and trading are available and which assets face tighter restrictions or exit the market.
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