EU Issues 230 MiCA Licenses as Germany Leads; Spain Rules Out July 1 Extension

The EU has issued around 230 Markets in Crypto-Assets (MiCA) licenses as of late June, with Germany leading on 56 approvals, the Netherlands on 26, and France on 21, according to industry tallies. Days before the July 1 transitional period deadline, Spain's securities regulator (CNMV) confirmed there will be no extensions, meaning non-compliant crypto firms must cease serving European customers until authorized.

Despite the wave of approvals, more than 80% of EU crypto firms remain unlicensed. Only a few hundred of over 1,200 virtual asset service providers have obtained full authorization, with some major operators like Binance scrambling to secure licenses in alternative member states ahead of the cutoff.