Germany Takes EU Lead With 79 MiCA-Authorized Crypto Providers

Germany has strengthened its position as Europe’s leading crypto-regulated market, with 79 crypto-asset service providers (CASPs) now authorized under the European Union’s Markets in Crypto-Assets Regulation (MiCA).

The latest figures come after the European Securities and Markets Authority (ESMA) updated its MiCA register, adding six German cooperative banks to the list of authorized providers. The update brings the total number of authorized CASPs across the European Union to 331.

Germany is now well ahead of other major European markets. France ranks second with 35 authorized providers, while the Netherlands follows with 29. Germany’s 79 approvals represent more than twice the number recorded in France.

The six latest German additions are:

• Raiffeisenbank Aidlingen
• Ihre Volksbank
• VR Bank Mittelfranken Mitte
• Volksbank Euskirchen
• VR Bank Ried-Überwald
• Volksbank Backnang

All six are cooperative banking institutions.

Germany’s large financial sector is one reason the country has been able to move quickly under MiCA.

Germany also had an established domestic regulatory framework for crypto businesses before MiCA came into force. According to Germany’s financial regulator, BaFin, this allowed certain existing providers to transition into the new European framework more efficiently.

The country’s crypto licensing numbers have also grown rapidly. Germany had 57 authorized providers in late June, meaning it has added 22 providers in roughly two months.

MiCA is designed to create a common regulatory framework for crypto businesses operating across the EU.

Once authorized, eligible crypto-asset service providers can use EU passporting to offer their services across other EU member states after completing the required notification process.

This makes obtaining a MiCA authorization potentially valuable for companies looking to operate across the European market without having to secure an entirely separate license in every country.

The latest figures show that Germany is not simply participating in Europe’s crypto regulatory transition—it is becoming its leading hub. With 79 authorized CASPs, compared with 35 in France and 29 in the Netherlands, Germany currently has a commanding lead.

As MiCA continues to reshape Europe’s digital-asset industry, Germany’s rapid licensing push could strengthen its position as one of the continent’s key destinations for regulated crypto businesses.