Slovenia has become the latest EU member to register a stablecoin issuer under the bloc’s Markets in Crypto-Assets regulation (MiCA), with electronic money institution Dinaro listed as the first approved entity.
The inclusion of Dinaro follows an update to the EU’s MiCA register, which also added two new crypto asset service providers (CASPs). The additions were confirmed in the latest update from the European Securities and Markets Authority (ESMA), which maintains the public register under MiCA’s framework.
Dinaro’s registration marks a milestone for Slovenia in aligning with EU-wide standards for stablecoin issuance and oversight. The company, which operates as an electronic money institution, is now permitted to issue asset-referenced tokens or e-money tokens under MiCA’s regulatory scope.
The EU’s MiCA regulation, fully implemented in December 2024, establishes a harmonized framework for crypto-asset issuance, trading, and service provision across the bloc. Stablecoin issuers must comply with capital requirements, investor protection measures, and reserve asset rules to operate legally within the EU.
The register update brings the total number of approved entities in the EU’s MiCA framework to 45, including both issuers and CASPs. Slovenia’s inclusion follows recent additions from other member states, signaling growing adoption of the regulatory regime ahead of stricter enforcement deadlines in mid-2025.
Dinaro did not immediately respond to requests for comment on its operational plans under the new framework.
