BNY SA/NV gets MiCA authorisation as EU crypto register hits 309

The published CSV contains 312 rows. A register comparison by NorthPoint counted 309 distinct entity-and-regulator pairs. Some firms appear more than once in the raw data, which explains why some trackers show a higher total.

The update followed the end of the European Union's MiCA transition period on July 1. Companies that previously operated through national registrations must now hold a CASP authorisation for covered services or stop those activities. ESMA says national regulators supply the register data and that it republishes the files weekly.

A MiCA authorisation from one national authority supports cross-border services after the required passporting process. Approval only covers the services listed for that provider. BNY's entry covers custody and administration of crypto-assets and transfer services on behalf of clients. It does not list exchange or trading-platform operations.

ESMA added 14 providers in the prior update, bringing the register to 294. That group included Ripple Payments Europe, Portugal's Bison Bank and Hrvatska poštanska banka in Croatia. Ripple said its Luxembourg authorisation supported regulated payment services across Europe.

Gate Europe chief executive Giovanni Cunti recently warned that some licensed firms may "not be capable to sustain the cost and the resources" needed over time. He said the framework creates a smaller regulated market, while ongoing staffing, reporting, security and capital requirements may remain difficult for some operators.

ESMA's register serves as a public record of authorisation, not a rating of financial strength or service quality. The regulator notes that register information may not appear immediately because national authorities first send the data to ESMA.