BNY Mellon Subsidiary Joins EU Crypto Register as Regulators Add 15 More Providers

European authorities have added 15 more companies to their register of licensed crypto asset service providers, bringing the total to 309 under the bloc’s Markets in Crypto Assets framework, known as MiCA. The update marks the third round of additions since a July 1 transitional deadline passed, as regulators continue processing licensing applications across European markets. The new entries include four banks, among them the Belgian arm of a major US banking firm and three German lenders, alongside crypto platforms handling payments and digital asset infrastructure.

Germany and Denmark Lead the Latest Additions

Germany and Denmark each added three new licensed providers, the most of any country in this round, followed by Bulgaria and Latvia with two each. Belgium, Cyprus, Liechtenstein and the Netherlands each gained one new entrant. The German additions were mainly cooperative banks, while other newly listed firms span Bulgaria, Denmark and Latvia, covering areas from digital asset infrastructure to crypto trading platforms.

Licensing Rollout Continues, But Concerns Persist

This follows an earlier update that added 14 companies, including a major payments firm tied to a well-known blockchain network. Regulators said no changes were made to other related registers covering token issuers or non compliant firms. While the framework continues to expand, some industry leaders have warned that the ongoing cost of maintaining a license under the rules could become difficult for smaller firms to sustain over time, raising questions about how many companies will remain in the market long-term.