BNY Mellon and BitPay Secure MiCA Licenses as EU Crypto Registrations Reach 309

BitcoinWorld BNY Mellon and BitPay Secure MiCA Licenses as EU Crypto Registrations Reach 309 The European Union’s regulatory framework for digital assets continues to solidify as the European Securities and Markets Authority (ESMA) updated its register of crypto-asset service providers (CASPs), adding major institutional players including a Belgian unit of BNY Mellon and the cryptocurrency payments firm BitPay.

The new entries bring the total number of officially licensed CASPs under the Markets in Crypto-Assets (MiCA) regulation to 309.

Institutional Giants Enter the Fold The inclusion of BNY Mellon’s Belgian entity marks a significant milestone for MiCA, as it signals the entry of one of the world’s largest custodian banks into the regulated European crypto ecosystem.

BNY Mellon has been gradually expanding its digital asset services, and securing a MiCA license allows it to offer crypto custody and trading services across the 27-member bloc under a single, harmonized regulatory framework.