The regulation of the historical markets of the European Union in cryptocurrency assignments (Mica) is quickly remodeling the panorama of global digital assets, approving 53 cryptocurrency companies to operate throughout Europe under a unified framework while leaving aside some of the most important names in the industry, including Tether and Binance.
Only six months after its deployment in phases, Mica is not only establishing a global reference point for cryptographic supervision, but also sends a clear message: compliance is no longer optional, even for the giants of the cryptographic world.
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Crypto Mica Regulation: a new era for Europe
Mica, which officially began the implementation in January 2025, is the most integral cryptographic regulation framework in the world, designed to bring transparency, consumer protection and risk mitigation to the cryptographic sector of rapid evolution.
The regulation allows suppliers of cryptographic asset services with a license to operate in the 30 countries of the European Economic Area (EEE) with a single approval, known as “passport.” For companies in cryptographic space, this reduces fragmented regulatory burden from country to country while maintaining strict requirements for governance, consumer protection and financial transparency.
Who arrived at the approved Mica list?
According to a popular Crypto analyst account, Pulse Socialfi, 53 companies have received approval under Mica, including the main actors in the industry as:
These approvals position Europe as the most structured and advanced regulatory environment for cryptographic assets, which offers a clear framework for companies and consumer protection. For investors and merchants, this also indicates an ecosystem in maturation in which only companies that meet high compliance standards will legally work within the EU.
Why are Tether and Binance missing?
While the list of approved companies includes many notable names, the absence of Tether (USDT) and Binance has raised eyebrows throughout the cryptographic industry.
Tether continuous transparency problems
Tether’s USDT remains the most used stablcoin in the world, providing liquidity and stability in a volatile market. However, Tether has faced persistent questions about his transparency of reserve, since he has never completed a complete and independent audit of his reservations, instead of depending on the certifications.
According to Mica, Stablecoin issuers must provide comprehensive, transparent and independent reservation test to guarantee consumer stability and protection. Without addressing these compliance gaps, Tether cannot receive approval under the new framework, despite their continuous generalized use in global markets.
Binance regulatory challenges in Europe
Binance, the largest cryptocurrency exchange in the world by negotiation volume, has also been left out of the approved list. During the past year, Binance has faced winds against regulatory throughout Europe, including licensed withdrawals in Malta and Cyprus, and continuous money laundering investigations in France.
While Binance has made efforts to restructure its operations to align with European regulatory requirements, these measures have not been enough to ensure the approval of the Mica. This exclusion underlines Mica’s commitment to high standards of compliance, governance and controls against money laundering, regardless of a platform market domain.
What do strict mica rules mean for the industry?
The exclusion of these giants underlines the clear posture of Mica: adherence to government requirements, solid risk management and transparency is non -negotiable.
For approved companies, Mica represents a great opportunity. Passport rights allow these companies to climb operations throughout Europe, reducing compliance costs and benefit from a clear regulatory orientation. This will probably increase institutional participation in European cryptography markets, which provides more legitimacy to the sector.
On the contrary, companies unable or not willing to meet these standards face being marginalized, losing access to one of the world’s largest cryptographic markets. The Mica model can serve as a template for other regions, including the United States and Asia, since regulators around the world look for frames to manage cryptographic risks without quelling innovation.
Japan, Singapore and the United States closely observing
Mica’s success will be closely observed by political leaders in other cryptactive regions, including Japan, Singapore and the United States. As global regulators consider frames for the cryptographic industry, the structured but strict MICA model could influence future regulatory standards in other places.
Countries with the aim of attracting cryptographic innovation while ensuring that consumer protection and financial stability can adopt similar approaches, pushing the industry towards a more unified global standard in the coming years.
Tether and Binance: A possible return in September?
The cryptographic community is looking at September 2025, when the EU is expected to set an update of nine -month licenses under Mica. Many in the industry expect Tethher and Binance to solve their compliance problems in time to ensure approval during this next phase.
For Tether, this will probably involve undergoing comprehensive and independent audit to align with the Mica transparency requirements. For Binance, the way forward may involve greater operational restructuring, improvements compliance protocols and address the legal challenges in progress in key European jurisdictions.
A successful return for these main actors could solidify their positions in the European market while demonstrating its ability to adapt to evolving regulatory standards.
Implications for investors and the future of cryptography in Europe
For cryptographic investors, Mica’s structured approach offers greater security and confidence in the cryptographic European panorama. The clear regulatory framework can help reduce the risks associated with fraud, poor management and opaque commercial practices that have affected parts of the cryptographic sector in the past.
Investors can expect greater stability in European cryptography markets as compatible companies expand operations, provide more institutional capital and improve liquidity in all areas.
In addition, the MICA frame can accelerate the adoption of stable and cryptographic payments in conventional financial systems, racing the way for digital assets playing a more prominent role in the economic future of Europe.
Conclusion: Mica establishes a new global standard
The regulation of crypto of the European Union is not only a regional development but a crucial moment for the global cryptography industry. By approving 53 companies while even the most important names that do not meet compliance standards, Mica sends a clear message: regulatory alignment is critical for the future of cryptography.
As Europe takes the initiative to establish a comprehensive cryptographic framework, the pressure is now in the main actors such as Tether and Binance to adapt or risk being excluded from one of the most advanced cryptography markets in the world.
All eyes will remain in Mica as it continues to shape the future of cryptography, serving as a plan for regulators around the world while creating a safer, more transparent and structured environment for digital asset investors.
Writer
@Ellena
Ellena is an experienced cryptographic writer who loves to explore the intersection of blockchain technology and financial markets. She regularly provides information about the latest trends and innovations in the currency space.
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