Germany leads approvals as banks push into crypto under MiCA regime

Authorities in Germany are granting more authorizations under Europe’s MiCA law than those in other nations of the European Union. Almost all of the recently licensed entities are banking institutions, which have been trying to enter the regulated crypto market. Meanwhile, Berlin’s attempt to abolish a tax break for long-term coin investments is facing resistance, forcing the government to delay the plan. Germany is establishing itself as the leader in terms of new authorizations under the Old Continent’s now fully enforced Markets in Crypto Assets (MiCA) regulation.