Banks Represent 23% of Crypto Providers on EU’s MiCA Register

EU's MiCA register: The EU’s MiCA register is the official list maintained by the European Securities and Markets Authority (ESMA) of crypto-asset service providers authorized under the Markets in Crypto-Assets regulation. It serves as a centralized database for licensed entities offering crypto services across the European Union in line with standardized rules on compliance and investor protection. In this news, the register reflects growing participation by traditional banks, which are expanding their presence in the regulated crypto market through dedicated registration pathways. Adoption: Traditional banks are accelerating their entry into digital asset services by leveraging MiCA pathways, with growth led by institutions in Germany including both major lenders and regional cooperatives. Regulation: MiCA establishes a harmonized EU-wide framework for crypto-asset service providers, including simplified registration options for banks under Article 60. Market Entry: Banks can provide crypto services after submitting a notice to regulators, allowing faster integration compared to the full authorization process required for crypto-native firms.