regulation··1 min read
Bank presence doubles on EU MiCA register, reaching 23% of providers
Banks have roughly doubled their presence on ESMA's MiCA register since late June and now make up 23% of listed crypto providers.
Banks now account for 23% of the crypto providers on the European Securities and Markets Authority's MiCA register. Their presence has roughly doubled since late June.
What the register tracks
The ESMA register lists firms authorized to offer crypto-asset services under the European Union's Markets in Crypto-Assets framework. The increase means banks now hold a larger share of the register than they did in late June.
- Banks represent just under a quarter of providers on the ESMA register.
- Their number on the list has approximately doubled since late June.
- The register is maintained under the EU's MiCA rules.
MiCA created a unified regulatory framework for crypto-asset service providers across the EU. Public registers like ESMA's are intended to show which firms hold authorization under those rules.