ChainCatcher reports, according to Cryptonews, the German financial regulatory authority BaFin has granted a full Crypto Asset Market Regulation (MiCA) license to Trade Republic, one of Europe's largest fintech companies. This license allows the German company to provide crypto asset custody services for its 4 million users across 17 markets and conduct business in all 30 European Economic Area countries.
Data shows that currently, 25 crypto asset service providers (CASP) have obtained MiCA licenses within the EU, with 9 of them (36%) issued by the German regulatory authority BaFin. It is worth noting that all crypto asset service providers need to obtain a MiCA license by mid-2025, otherwise they will not be able to conduct cross-border business in the EU, and many companies in the industry are accelerating their applications.
