Jul. 20, 2026
Damoon Technology (Europe) AG, trading as Paymonade, becomes one of just 280 firms authorised EEA-wide under MiCA as the bloc’s transitional period closes
VADUZ, Liechtenstein and SINGAPORE, July 16, 2026 /PRNewswire/ — Europe’s crypto industry is undergoing one of the most drastic regulatory consolidations any financial sector has faced in recent years. Before the European Union’s Markets in Crypto-Assets Regulation (“MiCA”) took full effect, the bloc was home to an estimated 3,000-plus registered crypto firms operating under a patchwork of national regimes[1]. Following the close of MiCA’s transitional period on 1 July 2026, only 280 firms hold full EEA-wide authorisation[2] — meaning roughly nine in ten previously operating firms did not convert, either exiting the European market, restructuring, or continuing to operate without a licence in breach of EU law[2].
Among the firms clearing that bar is Damoon Technology (Europe) AG, trading as Paymonade, which has been granted a MiCA licence by Liechtenstein’s Financial Market Authority (“FMA”). The authorisation permits Paymonade to provide regulated crypto-asset services across all 30 states of the European Economic Area under a single passportable licence.
