Banks double on EU MiCA crypto provider list as share hits 23%
Banks now represent nearly one in four providers on ESMA’s MiCA register after roughly doubling their presence since late June.
Banks now make up nearly one-quarter of providers on the European Union's MiCA crypto provider list, according to a recent analysis. The number of banks on this list has doubled from about 40 to roughly 80 since late June, with Germany leading the expansion. Major German banks, such as Deutsche Bank, are joining regional institutions like Volksbank and Raiffeisenbank in providing crypto services.
This shift comes as banks can provide crypto services under MiCA through a separate notification procedure, rather than the standard CASP authorization process.
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