What happened
BNY Mellon's European subsidiary has been added to the MiCA register, as the European Securities and Markets Authority (ESMA) updated its list of crypto asset service providers (CASPs) for the third time since the regulation's deadline.
Why it matters for the market
In this latest update, ESMA added 15 CASPs, including both banks and crypto platforms. This marks a significant step in the expansion of the MiCA regime, which aims to provide regulatory clarity for the crypto industry in the European Union.
BNY Mellon, a major Wall Street bank, now has its European division officially registered under MiCA. This move signals growing mainstream acceptance of crypto assets and increasing participation from traditional financial institutions.
The addition of 15 new providers brings the total number of registered CASPs under MiCA to a growing list, reflecting the ongoing integration of crypto services into the regulated financial system.
What traders should watch
Market observers view this development as a positive signal for the crypto industry, as regulatory clarity in Europe could attract more institutional investors and enhance market stability.
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