ESMA Adds 12 Firms to MiCA Register as Authorized CASPs Reach 321

Key Point

ESMA updated its MiCA registration list on July 31 and added 12 new companies. The update brought the total number of authorized Crypto Asset Service Providers under MiCA to 321. The newly added entities include three German cooperative banks, two Spanish companies, and four French companies. ESMA also added Cervo Rendisco, Flandenzo, and Corona Fondenza to its non-compliant entities list after flags from CONSOB. The EMT issuer list remains at 41, and the ART issuer list currently has no entities.

Why it matters: More authorized CASPs may improve regulated crypto access in Europe while pushing activity away from non-compliant providers.

Market Sentiment

Neutral, Regulatory-driven.

Reason: ESMA added 12 companies to the MiCA registration list, so the update mainly clarifies regulated access rather than creating a direct price signal.

Similar Past Cases

In June 2022, the Council said the Council presidency and the European Parliament reached provisional agreement on MiCA, creating an EU-level framework for crypto-asset issuers and crypto-asset service providers. (Council of the EU) The difference is that the earlier event created the regulatory framework, while this update applies the framework through registration lists.

Ripple Effect

The direct channel is regulatory access. More authorized CASPs may shift European crypto activity toward firms that clear MiCA requirements. If future list updates keep adding authorized companies, then compliance-driven migration may remain orderly. If non-compliant entries keep rising, then users may face more venue restrictions or service changes.

Opportunities & Risks

Opportunities: If ESMA adds more authorized CASPs in future updates, then EU-focused users can treat regulated access as improving before using regional service providers.

Risks: If more entities move onto the non-compliant list, then reducing reliance on unlisted service providers limits compliance and access risk.