The first authorized issuer indicates that the country’s central bank is ready to process MiCA applications. This could lower the barrier to obtaining a similar license for other market participants. Dinaro operates as an electronic money institution under the supervision of the Bank of Slovenia. The company provides payment services, including card issuance and processing, and is a principal Mastercard member. MiCA allows it to operate in all EU countries. To obtain the license, Dinaro met the requirements for authorization, reserve backing, and disclosure.