Crypto providers by country
MiCA applies in all 27 EU Member States plus Iceland, Liechtenstein and Norway. A licence from any one of them can be passported to the others — so the number of providers that may serve a country is far larger than the number based there.
| Country | Providers based here | May operate here | Warnings issued |
|---|---|---|---|
| 🇦🇹 Austria | 11 | 184 | 0 |
| 🇧🇪 Belgium | 2 | 195 | 6 |
| 🇧🇬 Bulgaria | 5 | 173 | 0 |
| 🇭🇷 Croatia | 6 | 177 | 0 |
| 🇨🇾 Cyprus | 24 | 181 | 0 |
| 🇨🇿 Czechia | 12 | 183 | 1 |
| 🇩🇰 Denmark | 7 | 176 | 0 |
| 🇪🇪 Estonia | 3 | 175 | 0 |
| 🇫🇮 Finland | 5 | 177 | 0 |
| 🇫🇷 France | 36 | 170 | 0 |
| 🇩🇪 Germany | 100 | 287 | 0 |
| 🇬🇷 Greece | 4 | 112 | 0 |
| 🇭🇺 Hungary | 0 | 171 | 0 |
| 🇮🇸 Iceland | 1 | 152 | 0 |
| 🇮🇪 Ireland | 12 | 183 | 0 |
| 🇮🇹 Italy | 9 | 202 | 161 |
| 🇱🇻 Latvia | 12 | 172 | 0 |
| 🇱🇮 Liechtenstein | 12 | 163 | 0 |
| 🇱🇹 Lithuania | 6 | 174 | 0 |
| 🇱🇺 Luxembourg | 13 | 185 | 0 |
| 🇲🇹 Malta | 23 | 161 | 0 |
| 🇳🇱 Netherlands | 28 | 203 | 1 |
| 🇳🇴 Norway | 6 | 161 | 0 |
| 🇵🇱 Poland | 0 | 178 | 0 |
| 🇵🇹 Portugal | 1 | 186 | 0 |
| 🇷🇴 Romania | 0 | 172 | 0 |
| 🇸🇰 Slovakia | 6 | 175 | 1 |
| 🇸🇮 Slovenia | 5 | 175 | 0 |
| 🇪🇸 Spain | 15 | 204 | 0 |
| 🇸🇪 Sweden | 1 | 179 | 0 |
Why the numbers differ so much
Germany, France and the Netherlands host the most authorised providers, largely because their regulators had existing crypto regimes and large financial sectors. Malta, Cyprus and Liechtenstein punch above their weight as licensing hubs. Some countries have no home-based provider at all, yet clients there can legally use dozens of passported services.
Warnings are published by each national authority separately. Italy's CONSOB accounts for almost all entries in the non-compliant list, which says more about how actively that regulator publishes than about where fraud happens.