Woofun AI data shows that European authorities have issued a total of 230 MiCA licenses, with Germany holding the largest share at 56 authorizations. The Netherlands follows with 26, France with 21, Malta with 15, Cyprus with 13, and Ireland with 12.

The regulation becomes fully effective on July 1, 2026, prohibiting unlicensed crypto service providers from offering new services within the EU. In France, roughly 40% of previously regulated entities have not submitted applications, leading some smaller traditional institutions to face acquisition or closure.