The European Union's (EU) Markets in Crypto-Assets (MiCA) regulation is gaining traction. According to Patrick Hansen, Circle's EU Regional Regulatory Director, 53 entities have now secured the coveted MiCA license. This announcement, made on X, highlights the growing adoption of crypto regulation in Europe. Of the 53 licensed entities, 14 have reportedly been approved for issuing stablecoins or electronic money tokens (EMTs). This indicates a significant step towards integrating stablecoins into the European financial system under a regulated framework. Notable companies that have successfully obtained the MiCA license include established players like Circle, Robinhood, Coinbase, Kraken, and OKX. However, industry giants Binance and Tether are still waiting for approval. Their absence from the list underscores the rigorous requirements of MiCA and the ongoing efforts to comply with the new regulatory landscape. The MiCA license will allow these companies to operate legally across the EU, fostering greater trust and security in the crypto market. ```