Eleven crypto providers secure EU licenses under MiCA framework
The Czech National Bank has authorised 11 crypto-asset service providers following the end of the MiCA transitional period on 1 July 2026. Out of 251 applications assessed, the majority failed to meet transparent business and governance standards.
Strict filter for digital finance
The Czech National Bank assessed 251 applications for crypto-asset service provider authorisations by the 1 July 2026 deadline, including notifications from existing market entities.
Only 11 entities secured approval out of 204 applications submitted during the transitional phase.
The CNB processed the highest number of MiCA applications in the European Union, but reported that a large share lacked essential documentation or verifiable track records.
Board member Jan Procházka noted that MiCA brings clear rules and client protection, yet cautioned: "Neither authorisation nor supervision eliminates the risks associated with investing in crypto-assets."
Passporting rights and major exits
Unauthorised entities must immediately cease offering crypto-asset services in the European Union and wind down activities.
This rule applies directly to major platforms such as Binance, which sought approval via the Greek regulator but failed to obtain authorisation before the deadline.
Consequently, Binance must halt EU operations.
Authorised firms can now use single market passporting rights across all Member States.
Clients are advised to verify provider status via the ESMA register.
Rigour over rapid growth
The massive rejection rate reveals that regulators refuse to compromise standards for market volume.
Excluding major platforms like Binance creates short-term friction but enforces long-overdue EU compliance.
MiCA cleans up the market structure, yet investors remain ultimate bearers of risk.
Source: MiCA: CNB grants crypto licences to 11 entities
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