Germany accounts for 36% of MiCA license approvals

With the European Union's Markets in Crypto-Assets (MiCA) regulation set to be fully implemented on July 1, Germany accounts for approximately 36% of all Crypto-Asset Service Provider (CASP) license approvals in the region, BeInCrypto reported. According to the report, fewer than 60 companies have secured a MiCA license within the EU, with German authorities having approved about 18 of them. Germany reportedly encouraged early applications by shortening its MiCA grace period to 12 months, which ended on Dec. 31 of last year. This led to 16 new approvals in the fourth quarter alone.