According to Cryptonews, German regulatory agency BaFin has issued a complete MiCA license to European fintech company Trade Republic, allowing it to provide cryptocurrency custody services in 30 countries of the European Economic Area, covering approximately 4 million users in 17 markets. At present, 25 institutions in the European Union have been licensed, of which 9 are issued by BaFin. All service providers are required to do so by 2025