EU regulator adds 15 crypto firms, including BNY Mellon unit, to MiCA register, raising total to 309
On July 24 the European Securities and Markets Authority (ESMA) updated the interim Markets in Crypto‑Assets (MiCA) register, adding 15 crypto‑asset service providers (CASPs) from eight EU jurisdictions and bringing the total number of licensed providers to 309.
The new entries include BNY SA/NV, the Belgian subsidiary of BNY Mellon, which received authorisation for crypto‑custody and transfer services. Germany contributed four new firms – Raiffeisenbank Falkenstein‑Wörth, Spar‑ und Kreditbank Rheinstetten, VR‑Bank Augsburg‑Ostallgäu and JT Technologies. Denmark added three providers – SafeLynx Technologies, Januar and a third firm. Bulgaria and Latvia each added two firms, while Belgium, Cyprus, Liechtenstein and the Netherlands each added one.
Industry executives warn that the ongoing compliance costs associated with MiCA licences could push smaller crypto firms out of the market.
Entities: BNY Mellon (BNY SA/NV) · BNY SA/NV (BNY Mellon Belgian subsidiary) · Bulgaria · Denmark · European Securities and Markets Authority · European Securities and Markets Authority (ESMA) · Financial Conduct Authority (FCA) · German cooperative banks (Raiffeisenbank Falkenstein‑Wörth, Spar‑ und Kreditbank · Germany · Steven Lightstone
Claims
What the coverage asserts, and how well corroborated each claim is across sources.
- [○ 1 SOURCE] The register includes providers from eight European jurisdictions.
- [○ 1 SOURCE] Denmark added three new entries to the MiCA register.
- [○ 1 SOURCE] Industry executives warned that high compliance costs of MiCA licences could force smaller firms out of the market.
- [○ 1 SOURCE] The UK Financial Conduct Authority is finalising new crypto rules that would apply the same regulatory standards as MiCA to UK firms.
- [● 2 SOURCES] BNY SA/NV, a Belgian subsidiary of BNY Mellon, was among the newly added providers.
- [○ 1 SOURCE] Steven Lightstone said the FCA proposals would require crypto firms to follow high regulatory standards, including client‑asset segregation.
- [● 2 SOURCES] ESMA added 15 crypto‑asset service providers to the MiCA register, raising the total to 309. (both)
- [○ 1 SOURCE] Germany added four new entries to the MiCA register.
- [○ 1 SOURCE] Germany added four new crypto‑asset service providers to the MiCA register. (both)
- [● 2 SOURCES] BNY SA/NV, the Belgian subsidiary of BNY Mellon, was added to the register for crypto‑custody and transfer services. (both)
- [● 2 SOURCES] Industry executives warn that high compliance costs for MiCA licences could force smaller crypto firms out of the market. (both)
- [● 2 SOURCES] Belgium, Cyprus, Liechtenstein and the Netherlands each added one crypto‑asset service provider to the MiCA register. (both)