PANews reported on July 8 that Patrick Hansen, Circle's EU policy director, shared that the MiCA regulations have been implemented for 6 months for crypto asset service providers (CASPs) and 12 months for stablecoins. There have been new developments in July: 14 institutions from 7 EU countries have been authorized to issue stablecoins, including 3 in France, 1 or 3 in Germany and other countries. They have issued a total of 20 electronic currency tokens or single legal currency stablecoins, 12 in euros, 7 in US dollars, and 1 in Czech koruna. 39 CASPs have been licensed by MiCA, distributed in 9 EU/EEA countries, covering traditional finance (such as BBVA, Clearstream, CACEIS), fintech (such as N26, Trade Republic, eToro, Robinhood), native crypto companies (such as Coinbase, Kraken, Bitpanda, OKX, Bitstamp) and other types. Currently, there are 0 issuers of asset reference tokens (ARTs), and the market lacks relevant demand. About 30 crypto asset white papers have been notified, the transition period in many countries has ended, the Netherlands Financial Markets Authority is leading in issuing licenses, but more than 35 companies have been listed as non-compliant CASPs by Italian regulators.