Just 280 crypto companies have secured full authorisation to operate across the European Economic Area under the new MiCA regulations, representing roughly 10% of the previous market size.
Before MiCA's full implementation on July 1, 2026, over 3,000 crypto firms were registered in Europe under various national rules. The transitional period's close forced the majority to either exit, restructure, or continue operating without a license, risking non-compliance with EU law.
Among those approved is Damoon Technology (Europe) AG, known as Paymonade, which obtained its licence from Liechtenstein's Financial Market Authority. This authorisation allows it to offer regulated crypto-asset services and fiat-to-crypto on-ramps across all 30 EEA states with one passportable licence.
Despite the high bar, only a small segment of the world's largest 100 exchanges by trading volume hold MiCA approval. several major exchanges and a leading stablecoin issuer have yet to register.
Paymonade specializes in providing euro and other fiat currency settlement rails for payment providers, fintech firms, and crypto exchanges, facilitating smooth fiat-to-crypto and crypto-to-fiat conversions with an annualized transaction volume run-rate.
Material is for informational purposes and does not constitute financial advice.
