The first 100 days in Mika leaves most of the encryption companies behind it, here who qualifies

One hundred days after Markets began in the framework of encryption (MICA)Most of the encryption industry is still racing to catch up with the knees.

On April 14, circle Patrick Hansen, quoting data from the European Securities and Markets Authority (ESMA). I mentioned Only 11 exporters from Stablecoin and 15 CASPS service providers have received permission.

Low numbers emphasize the constant struggle of the sector to meet compliance requirements for Mika.

Hansen stressed that without a Mika license, encryption companies cannot travel their services across 30 countries in the European Economic Zone (EEA). This restriction pushes companies to accelerate licensing efforts.

However, Hansen identified some of the main gaps, such as the fact that the distinguished symbol (ART) has not yet been declared.

He also indicated that the organizers have only received about 25 white sheets of digital assets that are not included under EMT or ART categories. This covers large symbols like symbols Bitcoin and ethereum.

As evidence of the increase in implementation, the financial authority of Italy, CONB, added 15 names to the list of incompatible entities, which reflects the increasing scrutiny in the new framework.

Signed exporters stablecoin

Since MICA entered into force, 11 STADCOIN exporters of six countries have been approved in the European Union to issue electronic symbols (EMTS). So far, organizers have allowed 16 EMTS, 10 messengers to the euro and six in US dollars.

existing The approved entities include a USDCBanking circle, Republic of Fiat, Quantoz payments, membrane financing, salvus, Societe GenerealeStabler, StableMint and Schuman Financial.

Meanwhile, Tether, a largest source of Stablecoin USDT in the world, is still absent from the list. Its failure to comply with the standards of mica Delion from several European Union exchanges.

However, Tether has Handron was described And investing in Quantoz payments It also answered the organizational challenge.

Providing compatible with mica

On the CASP front, ESMA included 15 approved.

This includes the main Encryption platforms such as Crypto.com, OKX, Bitpanda, Etoro and Crypto Finance, along with traditional financial institutions such as BBVA, Clearstream and Flatex.

It is worth noting that some of the previously listed companies, such as Moonpay and Hidden Road, no longer appear in the registry. This can indicate changes in its position or the ongoing organizational review.

Germany is currently leading the region with six licensed marches, followed Malta with five.

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