MiCA Three Months In: ESMA Says a Crypto Licence Covers Only the Market That Issued It
- —ESMA: a non-EU firm may not serve EU clients without a MiCA licence and must wind down
- —Binance withdrew its Greek application and served some EU clients via reverse solicitation and an Abu Dhabi entity
- —MEXC is leaving the Netherlands: clients must move assets by 31 October 2026, final offboarding on 16 November
- —The number of registered CASPs rose from 243 to 349 by mid-September, with banks doubling to about 80
Why it matters: The rule that a licence covers only its issuing market forces exchanges to seek authorisation in every jurisdiction or partner with a MiCA-licensed provider.
Source: CoinGape