Germany Extends MiCA Lead as Six More Banks Get Licensed

BaFin, Germany's financial supervisor, said the high number of authorizations reflects the size of the country's financial sector and the number of credit institutions already enabled to offer crypto services. The pre-existing national licensing regime allowed many providers to use simplified procedures during the MiCA transition, BaFin said, giving Germany a structural advantage that most other EU countries lack.

ESMA's other registries showed no major changes. The asset-referenced token list remains empty. The e-money token registry holds 43 entries. The list of non-compliant entities stands at 167. The concentration of authorizations among cooperative banks suggests institutional adoption is advancing through traditional banking channels, not crypto-native firms.