MiCA Regulation Grants 53 EU Licenses and Passporting Rights
Since MiCA regulation came into full effect on December 30, 2024, the European Securities and Markets Authority has granted 53 approvals, authorizing stablecoin issuers and crypto-asset service providers to operate across all 30 EEA countries under a unified EU crypto regulation framework. Approved entities include 14 stablecoin issuers—most notably Circle’s USDC and Société Générale-Forge’s EURCV—and 39 CASPs such as Coinbase, Kraken, Crypto.com, Robinhood, Bitpanda and MoonPay. Non-compliant tokens like Tether’s USDT have faced delistings, while no asset-referenced tokens (ARTs) have been approved due to high compliance costs. MiCA regulation’s passporting rights eliminate the need for country-by-country licenses, reducing compliance barriers and promising greater stablecoin liquidity and streamlined cross-border services. Traders should note the spotlight on three projects poised to benefit: Bitcoin Hyper (HYPER), Best Wallet Token (BEST) and Chainlink (LINK). Analysts view these developments as a bullish catalyst for market stability and long-term growth in regulated crypto. The next update on licensed entities is expected in late September 2025.
Bullish
MiCA regulation’s authorization of 53 firms and introduction of EU-wide passporting rights reduces compliance barriers and improves market infrastructure, boosting stablecoin liquidity and encouraging cross-border services. In the short term, listed compliant stablecoins like USDC and EURCV may see increased adoption, while non-compliant tokens such as USDT could face further pressure from delistings. Over the long term, unified EU crypto regulation fosters institutional participation and market stability, supporting sustained growth in regulated crypto assets and related projects like HYPER, BEST and LINK. These factors collectively underpin a bullish outlook for regulated tokens and associated token ecosystems.