As the EU moves closer to enforcing its MiCA framework, crypto companies are facing increasing pressure to align their operations with new regulatory standards. To help businesses navigate the transition, LegalBison has introduced a dedicated research initiative focused on practical compliance issues.

As reported by Reuters, LegalBison partnered with Bitcoin.com News to launch “MiCA Decoded,” a 12-part editorial series examining how the EU’s Markets in Crypto-Assets regulation is being applied in practice.

The project relies on analysis of public CASP registers, ESMA data, and the company’s own licensing experience across multiple European jurisdictions. Each article explores a specific aspect of MiCA that crypto firms often misunderstand, including authorization timelines, licensing categories, and operational requirements.

One of the series’ findings highlights the current structure of the CASP register. Out of 174 registered entities, only 14 are reportedly authorized to operate centralized crypto exchanges, illustrating how selective the approval process remains.

The research also addresses topics such as white paper standards, jurisdictional strategy, and the expiration of grandfathering provisions for many crypto service providers. According to LegalBison, many founders rely on simplified interpretations of MiCA rather than the regulation’s original legal text, which can lead to failed applications and delays.

LegalBison provides licensing and compliance support for crypto and fintech companies, assisting with jurisdiction selection, regulatory preparation, and communication with authorities across more than 50 jurisdictions worldwide.