Licencemap

Malta or Spain for a CASP authorisation?

The honest answer depends on which constraint binds first: capital, timeline, or local substance. The trade-offs are rarely the ones in the sales deck, and they move as regulators publish new guidance.

The side-by-side, dated and sourced:

licencemap.com/crypto/compare… #CryptoLicensing #RegTech

Regulators across the MiCA jurisdictions we track have now granted 803 CASP authorisations between them.

Throughput is not quality, and big markets skew the count. But the pace tells you which door is actually open: some regulators are processing files, others are still building the queue.

If you advise clients on market entry, the spread is the brief: the label is the same, the programme is not.

Per-jurisdiction detail, dated and sourced:

licencemap.com/crypto?utm_sou… #CryptoLicensing #RegTech

France or Lithuania for a CASP authorisation?

The honest answer depends on which constraint binds first: capital, timeline, or local substance. The trade-offs are rarely the ones in the sales deck, and they move as regulators publish new guidance.

The side-by-side, dated and sourced:

licencemap.com/crypto/compare… #Fintech #RegTech

If you are planning a euro stablecoin or e-money token (EMT) licence, the EBA's USDC decision on 14 October 2026 is the clearest signal yet of where supervision is heading.

USDC became the first significant e-money token under MiCA, and from 12 November 2026 the EBA takes over part of the supervision of its issuer. The practical lesson: choose your home regulator on the assumption that, if you scale, a second supervisor will sit alongside it.

New analysis on LicenceMap:

licencemap.com/blog/eba-usdc-… #MiCA #stablecoins

45 e-money tokens are notified under MiCA. Only one, USDC, has been classed as significant by the EBA.

From 12 November 2026 the EBA supervises its own funds, reserves, liquidity and redemption plans, while France's ACPR keeps governance. Dual supervision is now a real route for EMT issuers.

Founders and compliance leads: write your reserve and redemption documents to a standard two supervisors could read.

licencemap.com/blog/eba-usdc-… #MiCA #Stablecoins