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Germany Dominates EU's Crypto Licensing Race

Germany takes the lead in the European Union when it comes to the adoption of MiCA regulation, and it holds 36% of all MiCA licenses issued in the EU by May 2025. The regulator BaFin has granted 9 out of 25 cumulative licenses granted to date. This is due to Germany's regulatory environment, which allows BaFin to process MiCA applications efficiently.

Germany is planning to apply its MiCA transition on December 30, 2025, prior to the 18-month transition time provided by MiCA. This calls for all crypto-asset service providers (CASPs) to seek BaFin authorization by then. Companies such as Trade Republic, BitGo, and OKX already possess MiCA licenses in Germany and now have the ability to provide crypto services throughout the European Economic Area (EEA).

MiCA's single licensing system allows companies licensed in one member state to do business across all member states, making market access and compliance simpler. Germany's role shows that it is serious about creating regulated and competitive cryptomarkets. Its experience of having had previous crypto regulations shows the way for other EU countries as the region unites to implement MiCA in full.

 

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