ESMA Adds 14 CASPs to MiCA Register, Total Reaches 294

The European Securities and Markets Authority (ESMA) has officially added 14 new Crypto-Asset Service Providers (CASPs) to its register under the Markets in Crypto-Assets (MiCA) regulation. This expansion brings the total number of registered CASPs to 294. Among the newly added entities are financial institutions like banks and notable companies such as Ripple Payments Europe. The inclusion of these providers signifies their compliance with the stringent regulatory framework established by MiCA, which aims to harmonize rules for crypto-assets across the European Union.

The MiCA regulation, which fully entered into force on December 30, 2024, mandates that CASPs operating within the EU must obtain authorization and adhere to specific operational, prudential, and conduct of business requirements. The ESMA register serves as a central directory for these authorized entities, providing transparency and facilitating oversight. The ongoing process of CASP registration indicates a gradual but steady implementation of the regulation, with new providers continuing to seek approval.

While the number of registered CASPs has grown to 294, the pace of licensing suggests that many entities are still navigating the application process. The inclusion of established financial players like banks highlights the increasing integration of crypto-asset services within the traditional financial sector. Ripple Payments Europe's addition also underscores the regulatory progress for significant players in the digital asset space. ESMA continues to monitor and update the register as more CASPs meet the MiCA requirements.