Europe’s crypto market has undergone a drastic shift since the launch of the Markets in Crypto-Assets (MiCA) regulation. While scores of firms have secured coveted EU registrations, hundreds remain locked out as the regulatory landscape becomes increasingly stringent. Now, Serenity, a Dubai-based biometric authentication and tokenization infrastructure company, marks a significant milestone by clearing MiCA’s notification process, joining the ranks of early success stories. 2025 saw only 53 entities achieve full authorization – EMT issuers and CASPs – across the EU. This has led to enforcement actions targeting non-compliant projects and forced many startups to delay European launches. Serenity’s white paper now appears on ESMA’s central register, marking its compliance with MiCA’s notification requirements.