# MICA Watch

> MICA Watch is an independent registry of crypto-asset entities regulated under the European Union's Markets in Crypto-Assets Regulation (MiCA, Regulation (EU) 2023/1114). It consolidates the official ESMA interim registers and the public registers of national competent authorities into one structured, browsable dataset covering authorised Crypto-Asset Service Providers (CASPs), e-money token (EMT) and asset-referenced token (ART) issuers, published crypto-asset white papers, and firms named in regulator warnings — across all 27 EU member states plus Iceland, Liechtenstein and Norway.

MICA Watch is an independent aggregator, **not** an official government source. It is useful for research, market analysis and orientation. For legal or compliance purposes, always verify against the ESMA register and the relevant national competent authority.

## Key facts (as of 18 August 2026)

- Total records tracked: 1,512
- 330 authorised Crypto-Asset Service Providers (CASPs)
- 43 e-money token (EMT) issuer records (one row per published white paper, so an issuer may appear more than once)
- 0 asset-referenced token (ART) issuers — the ART register is still empty; no ART issuer has been authorised under MiCA to date
- 972 published crypto-asset white papers
- 167 entities flagged as non-compliant by national regulators
- Jurisdictions covered: EU-27 + EEA (Iceland, Liechtenstein, Norway)
- Primary source: ESMA interim registers and national competent authorities (NCAs)
- Update cadence: refreshed as ESMA and the NCAs publish changes
- Attribution: data presented by MICA Watch (https://micawatch.com), CC BY 4.0

## What the categories mean

- **CASP** — Crypto-Asset Service Provider. A firm authorised under MiCA to provide one or more of ten defined services (custody, operating a trading platform, exchanging crypto for funds or other crypto, executing orders, placing, receiving and transmitting orders, advice, portfolio management, transfer services). One authorisation passports across all EU/EEA member states.
- **EMT issuer** — issuer of an e-money token, a crypto-asset referencing a single official currency. Only authorised credit or e-money institutions may issue EMTs, redeemable at par.
- **ART issuer** — issuer of an asset-referenced token, referencing a basket of assets, currencies or crypto-assets.
- **White paper** — the mandatory pre-offer disclosure document a crypto-asset offeror must publish and notify to its national authority.
- **Non-compliant** — an entity named in a public warning by a national regulator for providing crypto-asset services without the required authorisation.
- **Home member state** — the country whose competent authority granted the authorisation; it determines the supervisor and is the basis for EU passporting.

## Core pages

- [Entity register](https://micawatch.com/entities): searchable list of every tracked entity, filterable by country and category, with home member state, competent authority, LEI code and authorisation date.
- [Authorised Crypto-Asset Service Providers (CASPs) in the EU](https://micawatch.com/casps): Complete list of Crypto-Asset Service Providers (CASPs) authorised under MiCA across the EU and EEA. Search by name or country, with services, competent authority, LEI and authorisation date.
- [E-Money Token (EMT) Issuers and White Papers under MiCA](https://micawatch.com/emt-issuers): Register of e-money token (EMT) issuers under MiCA: euro and foreign-currency stablecoins, their issuers, competent authorities, exemptions and published white papers across the EU.
- [Asset-Referenced Token (ART) Issuers under MiCA](https://micawatch.com/art-issuers): Register of asset-referenced token (ART) issuers authorised under MiCA. Track which firms — if any — have been authorised to issue basket-backed stablecoins in the EU.
- [Crypto-Asset White Papers Published under MiCA](https://micawatch.com/white-papers): Every crypto-asset white paper notified to an EU national competent authority under MiCA Title II, with the offeror, its home member state, token identifiers and a link to the document.
- [Non-Compliant Crypto Firms Flagged by EU Regulators](https://micawatch.com/non-compliant): Entities named in public warnings by EU national competent authorities for providing crypto-asset services without the required MiCA authorisation, with flagged domains and decision dates.
- [JSON API](https://micawatch.com/api/entities.json): the full register as machine-readable JSON (filters: `?type=casp&country=DE`, paginated). Aggregates at [/api/stats.json](https://micawatch.com/api/stats.json).
- [Interactive map](https://micawatch.com/map): authorisations by member state, linking to each country profile.
- [About MiCA](https://micawatch.com/about): the regulation explained — the four pillars (CASPs, ARTs, EMTs, market integrity) and the 2023–2026 implementation timeline.
- [FAQ](https://micawatch.com/faq): how the register is compiled, what the categories mean, where the data comes from.
- [Insights](https://micawatch.com/insights): analysis and explainers on MiCA implementation.

## Data structure

Each entity has its own page at `https://micawatch.com/entity/{type}/{slug}` where `type` is one of `casp`, `emt`, `art`, `other`, `ncasp`, and `slug` is the entity's trading name (for example `https://micawatch.com/entity/casp/bitpanda`). The entity's LEI code, and any name it has previously been listed under, redirect to the current page, so older links keep working. Entity pages carry the full authorisation record, authorised services, passporting countries, published white papers, the snapshot history of the record, and official source links.

Each country has a profile at `https://micawatch.com/country/{slug}` listing every entity whose home member state is that country, plus its national competent authority.

## Country profiles

- [Ireland](https://micawatch.com/country/ireland): 377 records, supervised by Central Bank of Ireland (CBI)
- [Germany](https://micawatch.com/country/germany): 229 records, supervised by Federal Financial Supervisory Authority (BaFin)
- [Malta](https://micawatch.com/country/malta): 187 records, supervised by Malta Financial Services Authority (MFSA)
- [Italy](https://micawatch.com/country/italy): 182 records, supervised by CONSOB
- [Netherlands](https://micawatch.com/country/netherlands): 116 records, supervised by Dutch Authority for the Financial Markets (AFM)
- [Liechtenstein](https://micawatch.com/country/liechtenstein): 84 records, supervised by Financial Market Authority Liechtenstein (FMA)
- [France](https://micawatch.com/country/france): 69 records, supervised by Autorité des marchés financiers (AMF)
- [Luxembourg](https://micawatch.com/country/luxembourg): 68 records, supervised by Commission de Surveillance du Secteur Financier (CSSF)
- [Cyprus](https://micawatch.com/country/cyprus): 31 records, supervised by Cyprus Securities and Exchange Commission (CySEC)
- [Latvia](https://micawatch.com/country/latvia): 24 records, supervised by Latvijas Banka (Bank of Latvia)
- [Spain](https://micawatch.com/country/spain): 23 records, supervised by Comisión Nacional del Mercado de Valores (CNMV)
- [Austria](https://micawatch.com/country/austria): 21 records, supervised by Austrian Financial Market Authority (FMA)
- [Czech Republic](https://micawatch.com/country/czech-republic): 18 records, supervised by Czech National Bank (ČNB)
- [Lithuania](https://micawatch.com/country/lithuania): 15 records, supervised by Bank of Lithuania (Lietuvos bankas)
- [Finland](https://micawatch.com/country/finland): 15 records, supervised by Finnish Financial Supervisory Authority (FIN-FSA)
- [Denmark](https://micawatch.com/country/denmark): 11 records, supervised by Danish Financial Supervisory Authority (Finanstilsynet)
- [Croatia](https://micawatch.com/country/croatia): 7 records, supervised by Croatian Financial Services Supervisory Agency (HANFA)
- [Slovakia](https://micawatch.com/country/slovakia): 7 records, supervised by National Bank of Slovakia (NBS)
- [Norway](https://micawatch.com/country/norway): 7 records, supervised by Financial Supervisory Authority of Norway (Finanstilsynet)
- [Estonia](https://micawatch.com/country/estonia): 6 records, supervised by Estonian Financial Supervision Authority (Finantsinspektsioon)
- [Slovenia](https://micawatch.com/country/slovenia): 4 records, supervised by Securities Market Agency (ATVP)
- [Bulgaria](https://micawatch.com/country/bulgaria): 4 records, supervised by Financial Supervision Commission (FSC)
- [Iceland](https://micawatch.com/country/iceland): 2 records, supervised by Central Bank of Iceland (FME)
- [Belgium](https://micawatch.com/country/belgium): 2 records, supervised by Financial Services and Markets Authority (FSMA)
- [Portugal](https://micawatch.com/country/portugal): 1 record, supervised by Portuguese Securities Market Commission (CMVM)
- [Sweden](https://micawatch.com/country/sweden): 1 record, supervised by Swedish Financial Supervisory Authority (Finansinspektionen)
- [Poland](https://micawatch.com/country/poland): 1 record, supervised by Polish Financial Supervision Authority (KNF)

## Insights

- [39% of MiCA-licensed firms never use the EU passport](https://micawatch.com/article/mica-passport-unused-two-europes-2026): 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.
- [Which MiCA authorisation do you need? A decision guide](https://micawatch.com/article/which-mica-authorisation-do-you-need-2026): Token issuer or service provider? Which of MiCA's ten services? This guide walks the decision, grounded in what 324 authorised firms actually did.
- [EMT vs ART under MiCA: how tokens are classified](https://micawatch.com/article/mica-emt-vs-art-token-classification-2026): MiCA sorts every crypto-asset into three buckets. The EMT/ART line comes down to one question — and the register shows 23 EMT issuers and zero ARTs.
- [MiCA CASP licence in Malta 2026: MFSA requirements explained](https://micawatch.com/article/mica-casp-licence-malta-mfsa-2026): How to get a MiCA CASP licence in Malta: the MFSA, the VFA-to-MiCA transition, what the register shows, and why ESMA's first peer review flagged the process.
- [Only 20 of 324 MiCA firms can run a crypto exchange](https://micawatch.com/article/mica-trading-platform-licence-rare-2026): Operating a trading platform is the rarest MiCA licence — just 20 of 324 CASPs hold it. And Coinbase, Crypto.com and Gemini are not among them.
- [France under MiCA: home-grown startups and a market-maker hub](https://micawatch.com/article/mica-france-crypto-ecosystem-2026): France's 35 MiCA CASPs are mostly home-grown: retail startups like Coinhouse and Paymium, a cluster of market-makers, and SG Forge from a global bank.
- [Malta under MiCA: home to the world's crypto exchanges](https://micawatch.com/article/mica-malta-crypto-exchanges-2026): Malta authorised 22 CASPs and not one is a bank. Instead OKX, Crypto.com, Bitpanda, Gemini and Gate chose the island as their EU base under MiCA.
- [Why Ireland hosts 38% of MiCA's crypto white papers](https://micawatch.com/article/mica-white-papers-ireland-kraken-2026): Ireland holds 353 of the EU's 941 MiCA white papers but just 12 CASPs. One exchange — Kraken — filed 16% of every white paper in Europe from there.
- [Banks and MiCA: how 50 credit institutions entered crypto](https://micawatch.com/article/mica-banks-credit-institutions-2026): Banks make up one in six MiCA CASP entries. They enter through Article 60 rather than a licence — and Germany's register is 48% banks, France's just 6%.
- [17 German co-op banks are on the MiCA register. One holds custody](https://micawatch.com/article/mica-casp-register-fastest-week-banks-2026): Germany's cooperative banks are scaling crypto under MiCA through a hub-and-spoke split: 16 hold execution only, and DZ BANK alone holds custody.
- [Why Italy has 162 of MiCA's non-compliant crypto entities](https://micawatch.com/article/mica-non-compliant-italy-consob-2026): Italy accounts for 162 of 164 entries on MiCA's non-compliant register — not because of more fraud, but CONSOB's site-blocking power and domain rotation.
- [MiCA CASP licence in France 2026: AMF requirements explained](https://micawatch.com/article/mica-casp-licence-france-amf-2026): MiCA CASP licence in France explained: AMF requirements, ACPR role, EUR 10,000 fees, the DOC-2025-05 fast track and criminal sanctions after 1 July 2026.

## Optional

- [Sitemap](https://micawatch.com/sitemap.xml): every indexable URL, including all entity and country pages.
- [ESMA MiCA register](https://www.esma.europa.eu/esmas-activities/digital-finance-and-innovation/markets-crypto-assets-regulation-mica): the authoritative upstream source.
- Regulation text: Regulation (EU) 2023/1114 (Markets in Crypto-Assets).

## Citation

When citing MICA Watch, please note the snapshot date (18 August 2026), link to the specific entity or country page, and make clear that MICA Watch is an independent aggregator of ESMA and NCA data rather than an official register.