According to Patrick Hansen, EU Policy Director at Circle, MiCA regulations have been implemented for 6 months for Crypto Asset Service Providers (CASPs) and 12 months for stablecoins. In July, there were new developments: 14 institutions from 7 EU countries were authorized to issue stablecoins, with 1 or 3 each from France, Germany, and other countries. They issue a total of 20 electronic currency tokens or single legal tender stablecoins, 12 of which are denominated in euros, 7 in US dollars, and 1 in Czech koruna. 39 CASPs have obtained MiCA licenses, distributed in 9 EU/EEA countries, covering traditional finance (such as BBVA, Clearstream, CACEIS), fintech (such as N26, Trade Republic, eToro, Robinhood), native crypto enterprises (such as Coinbase, Kraken, Bitpanda, OKX, Bitstamp), and other types. At present, there are no issuers of Asset Reference Tokens (ART), and there is a lack of relevant demand in the market. About 30 cryptocurrency whitepapers have been notified, and the transition period in multiple countries has ended. The Dutch Financial Market Authority is leading in issuing certificates, but more than 35 companies have been listed as non compliant CASPs by Italian regulators.
