Europe’s MiCA registry list grows to 309 firms, including Bank of New York Mellon and BitPay

The European Securities and Markets Authority (ESMA) has recently updated its MiCA provisional register, adding 15 crypto-asset service providers (CASPs), bringing the total number of compliant crypto firms in the EU to 309. This is the third register update following the EU’s July 1 transition deadline.

The most talked-about additions this time include Bank of New York Mellon’s (BNY) Belgian subsidiary, BNY SA/NV, and BitPay.

Third Register Update: 15 New Firms Added, Distributed Across 8 Jurisdictions

According to ESMA’s latest register, the 15 newly added CASPs are distributed as follows:

Germany: 4 (not individually named)

Denmark: 3 (Coinify, Januar, SafeLynx Technologies)

Bulgaria: 2 (Altcoins BG, Digital Assist)

Latvia: 2 (Bleap, Nodu Digital)

Belgium: 1 (BNY SA/NV)

Netherlands: 1 (BitPay B.V.)

Liechtenstein: 1 (Damoon Technology Europe)

Cyprus: 1 (SG Digital Assets)

BNY SA/NV Enters the MiCA Framework in Belgium

According to the original text, BNY SA/NV has been authorized by the Belgian National Bank to provide crypto-asset custody, management, and customer transfer services under the MiCA framework. BNY is one of the world’s largest custody banks; as of June 30, the parent company’s custody and management AUM stood at $62.6 trillion. BNY launched a regulated digital asset custody service in the U.S. as early as 2022. Since then, it has worked with technology partners such as Fireblocks and Chainalysis, and plans to offer bitcoin and ether custody services in the Abu Dhabi global market.

FAQ

What is the current total number of entries in ESMA’s MiCA register, and which update is this?

According to ESMA’s latest register, the total number of compliant CASPs has risen to 309; this is the third register update after the EU’s July 1 transition deadline (July 3 to 280, July 16 to 294, this time to 309).

What services is BNY SA/NV authorized to provide under the MiCA framework?

According to ESMA’s register, BNY SA/NV has been authorized by the Belgian National Bank to provide crypto-asset custody, management, and customer transfer services; its parent, BNY, had custody and management AUM of $62.6 trillion as of June 30.

Where does the MiCA authorization obtained by BitPay come from, and which markets does it cover?

According to ESMA’s register, BitPay B.V. is authorized by the Netherlands Authority for Financial Markets; under the MiCA passporting mechanism, once authorized by a single member state and after completing the process, it can be expanded to 27 EU member states and 3 European Economic Area (EEA) countries.