MiCA insights & analysis

Analysis, explainers and enforcement notes on the state of MiCA implementation.

Featured · 17 Aug 2026

39% of MiCA-licensed firms never use the EU passport

MiCA's promise was one licence for all of Europe. 39% of firms passport to one country or none — and each new cohort uses the passport less.

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Which MiCA authorisation do you need? A decision guide

EMT vs ART under MiCA: how tokens are classified

MiCA CASP licence in Malta 2026: MFSA requirements explained

Only 20 of 324 MiCA firms can run a crypto exchange

Market Analysis

France under MiCA: home-grown startups and a market-maker hub

Market Analysis

Malta under MiCA: home to the world's crypto exchanges

Market Analysis

Why Ireland hosts 38% of MiCA's crypto white papers

Market Analysis

Banks and MiCA: how 50 credit institutions entered crypto

Market Analysis

17 German co-op banks are on the MiCA register. One holds custody

Why Italy has 162 of MiCA's non-compliant crypto entities

MiCA CASP licence in France 2026: AMF requirements explained

MiCA CASP licence in Germany 2026: BaFin requirements explained

MiCA CASP licence in the Netherlands 2026: AFM requirements explained

The empty ART register: why no asset-referenced tokens exist under MiCA

MiCA enforcement watch: 159 non-compliant entities

926 crypto-asset white papers under MiCA Title II: the quiet boom

Europe's regulated stablecoin market: 21 EMT issuers in 2026

Market Analysis

One year of MiCA licensing: CASP register grows from 44 to 294

Market Analysis

MiCA licence map 2026: CASP authorisations by country

CASP services and passporting: what 294 licences reveal

Europe's EMT market in July 2025: 26 authorised issuers

MiCA's first wave, July 2025: the first 44 licensed CASPs