Europe Wraps Up MiCA’s Transition With a Final Wave of Authorizations Across the Crypto Sector

Europe closes MiCA’s transition with last-minute CASP licenses in Italy, France, Malta and Spain as unauthorized firms face wind-down pressure.
Table of Contents

TL;DR

  • Europe’s MiCA transition ended with last-minute authorizations, and the ESMA interim register showed 244 authorized CASPs across the EU and EEA by Friday.
  • Italy added Hodlie, Young Platform, CryptoSmart and Hercle, while France added Mereau Finance, Iceblock and Aplo to its CASP list.
  • Binance remains unlicensed under MiCA after withdrawing its Greek application, and ESMA said unauthorized providers must wind down EU activity after the deadline as rules took effect.

Europe’s MiCA transition has closed with a final rush of authorizations, giving the bloc a wider roster of licensed crypto firms just as the grace period ends. Several approvals arrived in the last days before the deadline, showing how much of the sector waited until the final stretch to secure regulatory footing. Italy, France, Malta and Spain all featured in the late wave, while the European register showed 244 authorized crypto asset service providers across the EU and EEA by Friday. The striking signal is that MiCA’s transition ended with urgency rather than calm, turning compliance status into the sector’s most visible dividing line for firms and users.

Italy added four authorized companies this week: asset management platform Hodlie, crypto exchange Young Platform, trading platform CryptoSmart and crypto service provider Hercle. That brought Italy’s total to eight authorized crypto asset service providers, with Consob approving the licenses in coordination with the Bank of Italy. France also expanded its list, as the AMF added Mereau Finance, Iceblock and Aplo, lifting the country’s licensed CASP count to 31. In practical terms, national regulators are now translating MiCA into visible market access, one license at a time, across uneven jurisdictions.

Europe’s MiCA transition ended with last-minute authorizations

Authorizations Redraw Europe’s Crypto Map

Malta and Spain added further momentum to the closing phase. Digital asset prime broker FalconX said it received a MiCA license in Malta, while Venga announced CASP authorization from Spain on the same Wednesday the transition ended. These approvals matter because MiCA was designed to replace fragmented national regimes with a more unified European framework. Still, the rollout remains uneven. A single EU rulebook is emerging through country-by-country gatekeeping, which means firms gain regional ambitions only after passing through national supervisors and appearing on the shared regulatory map this month.

The biggest unresolved name is Binance, which remains unlicensed under MiCA. The exchange applied for authorization in Greece, later withdrew that application and said it would seek approval in another member state. Greece is among the EU countries that have not yet issued a MiCA license. ESMA said on June 23 that unauthorized providers must take immediate steps to wind down EU activity after the deadline. As a result, Europe’s licensed exchange hierarchy is being redrawn, with OKX, Coinbase, Bybit, Crypto.com, Gate and Bitstamp among the largest authorized exchanges by spot orderbook liquidity.

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