ESMA adds Dinaro to MiCA EMT register, bringing the list to 43 issuers
The Aug. 12 update also lifted the authorized CASP register to 325 and removed Czech firm Altlift without an explanation.
ESMA’s Aug. 12 MiCA register update added Slovenia-based electronic money institution Dinaro to the EU list of electronic money token issuers, putting Slovenia on the EMT map for the first time. The same update raised the authorized CASP register to 325 firms, while the ART register stayed empty and the non-compliant entity list held at 167.
ESMA’s latest MiCA register update added Dinaro, a Slovenia-based electronic money institution supervised by the Bank of Slovenia, to the EU register of electronic money token (EMT) issuers. It is the first time a Slovenia-based issuer has appeared in ESMA’s EMT dataset.
The count matters more than the headline. Dinaro’s entry brought the EMT issuer register to 43. The asset-referenced token (ART) register remained empty, and ESMA’s non-compliant entity list was unchanged at 167.
The register entry is an authorization and classification signal, not a liquidity signal. The update does not specify which EMTs Dinaro is registered to issue, the currency denomination, the token name, or whether issuance is live versus authorization-only.
Dinaro describes itself as providing payment services including card issuing and acquiring, and it states it holds Mastercard principal membership. For desks mapping potential on-ramp and settlement rails, that is a useful clue about distribution capability. It is not confirmation of token circulation.
CASP Register Shifts: Two Additions, One Quiet Removal
ESMA’s same update changed the EU register of authorized crypto-asset service providers (CASPs) to 325 companies. Two new names were added: Partners Banka, a Czech lender, and Germany’s Volksbank Beilstein-Ilsfeld-Abstatt.
The more actionable change for counterparty screening was the subtraction. The CASP register no longer lists Czech company Altlift, which first appeared in early July with authorization to execute and transmit client orders and provide crypto-asset advice. Its authorization notification was dated June 30.
ESMA’s update, as reflected in the register change, does not provide a reason for the removal. That leaves multiple live possibilities on the table, including an administrative correction, a withdrawal, or a change in authorization status. Until a national authority or ESMA clarifies the status, “listed last month” is not the same thing as “stable counterparty status” under MiCA.
For trading operations, this is plumbing, but it is tradable plumbing. MiCA registers are increasingly used as a gating layer for onboarding, venue access, and internal risk approvals. Churn in the CASP list forces desks to treat the register as a dynamic dataset, not a static whitelist.
What Traders Can Infer From the Registers—and What They Can’t Yet
The next useful datapoint is whether ESMA or the relevant national authority publishes a reason or updated status for Altlift’s removal. Without that, desks cannot distinguish between a clerical cleanup and a genuine authorization problem.
On the issuer side, the market-impact question is simple and still unanswered: which EMT(s) Dinaro is registered to issue, and whether issuance is live. Token name, currency denomination, and chain support are the minimum details needed before anyone can assess distribution, potential float, and where liquidity might form.
Two other register lines stay important precisely because they did not move. The ART register remains empty, so the public ESMA dataset is still not reflecting any authorized ART issuers. The non-compliant entity list stayed at 167, and any future change there is a direct input into counterparty screening and compliance workflows.
My Read: MiCA’s ‘Plumbing’ Is Expanding, but the Data Still Leaves Tradability Gaps
The threshold that matters is not “another issuer added.” It is whether new EMT entries come with enough instrument-level detail to translate authorization into usable market structure. A register that tells you an entity exists, but not what it issues or where it settles, is compliance progress and trading noise at the same time.
Altlift’s quiet removal is the other tell. If ESMA or a national authority starts attaching clear status reasons to additions and deletions, the register becomes a cleaner counterparty signal. Until then, the practical edge is treating MiCA lists as live risk inputs, not as a one-time due diligence checkbox.
