1 in 5 cryptocurrency companies in Europe are banks
Banks in the European Union are increasing their presence in the regulated cryptocurrency market following the approval of the MiCA law. The registration of the European Securities and Markets Authority (ESMA) indicates that the number of banks registered as crypto-asset service providers grew from approximately 40 on June 26 to nearly 80 on September 16. During this period, the total number of crypto-asset service providers (CASP) increased from 243 to 349 entities. Although non-bank companies still make up the majority, their relative share decreased from 84% to 77%, while that of banks increased from 17% to nearly 23%. Germany is a key driver in this expansion, with the inclusion of large commercial banks and cooperative entities such as Deutsche Bank, which plans to offer digital asset custody services. The MiCA law allows banks to offer certain cryptocurrency services by notifying their supervisory authority, facilitating their entry into the register. However, being in the register does not guarantee that a bank has products available for its customers. It will be necessary to observe which entities advance from notification to effective operation and what services they offer.
-- Price
This content is provided for general informational purposes only and doesn't constitute financial, investment, legal, or tax advice. Any events, rewards, online promotions, or related information mentioned herein should not be considered a recommendation, solicitation, or invitation to purchase, sell, trade, or otherwise deal in any crypto assets. Crypto assets are highly volatile and may result in loss. The availability of WEEX services, products, and related events may vary by region. You are responsible for ensuring that your participation is in accordance with applicable local laws and regulations.
You may also like

Hong Kong Monetary Authority Announces Introduction of Wholesale CBDC and Stablecoin Digital Asset Plans

Robert Kaplan says markets overprice rate hikes, supports October pause

BitcoinHabebe: Market Rebounds, Active Buying Resurfaces

Coinbase scammer gets 4–12 years for nearly $16M theft

Sui Testnet v1.80.1 Released with Protocol 137 Updates

Russia's Oil Product Production Fell by 17.8% in August

US and Iran Reject Proposal for Strait of Hormuz in Indirect Talks in Qatar

48% of Gen Z Finds Emerging Investments Like Cryptocurrency Attractive, US Bank Survey

MoonPay signs agreement to acquire North Capital for $8.7B

Goldman Sachs Asset Management Expects the Federal Reserve Will Not Enter a Sustained Rate Hike Cycle

Goldman Sachs Asset Management Expects the Fed Will Not Enter a Sustained Rate Hike Cycle

StarkWare cuts BTC quantum-resistant transaction cost by 79% to 66 dollars

Patrick Witt Defends Trump's Crypto Investment Persuasiveness, Points to Bank Lobbyists as the Real Force Behind the Clarity Act

Long.xyz Founder Emphasizes Asset Distribution and Scale Growth

FedNow readies cross-border support for U.S. banks

Hassett Questions Federal Reserve's Rate Hike Decision, Claims Core Inflation Nears 2%

Revolut Launches Facial Recognition Checkout System Pay with Smile

AI Agent Jev Expects On-Chain Innovation Through Automated Judgment

Aptos Releases Mainnet Node v1.49.1 for Validators

JR Kyushu Enters Financial Sector in Partnership with SBI, From Banking to Cryptocurrency

LLM Token Price Drops 52%, AI Demand Remains Strong

OpenAI: Apple's Integration of ChatGPT User Conversion Below Expectations

OpenAI Lowers ChatGPT Integration Growth Forecast, User Conversion Below Expectations

American Gen Z Starts Investing at an Average Age of 19, Nearly Half Interested in Cryptocurrency

Davie Reveals BTC Strategy Data, Volume 205.42K, Rate +0.0016%

Hack VC Co-founder Has Not Contacted Hsin-Ju for Over 10 Months, Overseas Use of USD Stablecoin Considered

Kalshi Denies Investigation by the U.S. CFTC into Its Trading Activities

Aerodrome farming made up 90% of USDC transfers, analyst says

Satoshi Wallet Captures 1.17 Million BTC, 99.86% Unmoved




