The landscape of legacy VASPs in Europe

As the staggered implementation of the EU’s Markets in Crypto-assets (MiCA) Regulation continues across 30 EU countries through July 2026, the landscape of virtual asset service providers (VASPs) in Europe is set to undergo rapid change.

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VASPnet, the world’s assured source of data on virtual asset service providers (VASPs), streamlines and standardises information from 104 regulators and public authorities in 80 countries¹ on the legal entities that are permitted to undertake virtual asset activities.

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This report benchmarks the number of VASP entities in the EU regulated under pre-existing anti-money laundering and countering the financing of terrorism (AML/CFT) frameworks prior to the expiration of MiCA’s grandfathering periods, which permit extended deadlines for full compliance with MiCA.

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Additionally, it provides an overview of the National Competent Authorities (NCAs) appointed to regulate crypto in the EU and the regulatory footprint of the top 25 global VASP institutions.

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^{[1] As of 14 May 2025.}