Crypto Asset Service Provider (CASP) License Under MiCA
The Markets in Crypto-Assets Regulation (MiCA) introduces a unified legal framework for crypto activities across the European Union.
Under MiCA, companies providing crypto-related services must obtain a Crypto Asset Service Provider (CASP) license, which allows them to operate legally throughout the EU under a single authorization.
This regulation replaces fragmented national regimes with one harmonized standard, setting clear rules for market entry, compliance, and ongoing supervision.
What Is a CASP License Under MiCA?
A CASP license is an authorization issued under MiCA for companies that provide crypto asset services within the EU.
Once licensed in one EU member state, a CASP can passport its services across all EU countries, without the need for additional local licenses.
The license applies to both new market entrants and existing crypto businesses that previously operated under national registrations or transitional regimes.
Activities Covered by a CASP License
Under MiCA, the CASP license may cover one or several of the following services:
Custody and administration of crypto-assets on behalf of clients
Operation of crypto trading platforms
Exchange of crypto-assets for fiat currencies
Exchange of crypto-assets for other crypto-assets
Execution of orders on behalf of clients
Reception and transmission of orders
Placement of crypto-assets
Providing advice on crypto-assets
The exact scope depends on the business model and must be defined at the application stage.
Key Regulatory Requirements
MiCA introduces uniform requirements across the EU, including:
Corporate substance in the chosen EU jurisdiction
Fit and proper management (directors and key officers)
Internal governance and risk management frameworks
AML/CFT compliance aligned with EU standards
Safeguarding of client assets
Operational and IT security controls
Unlike some previous national regimes, MiCA places strong emphasis on operational resilience, transparency, and consumer protection.
Why Businesses Choose a MiCA CASP License
A CASP license under MiCA offers several strategic advantages:
One license for the entire EU market
Legal certainty under a clear regulatory framework
Increased credibility with banks, payment providers, and partners
Transparent compliance expectations
Long-term regulatory stability compared to fragmented national regimes
For companies targeting European clients, MiCA is becoming the standard rather than an option.
How We Can Support Your CASP Licensing Process
Obtaining a CASP license requires careful planning, regulatory analysis, and structured preparation.
Our team assists with:
Assessing whether MiCA applies to your business model
Selecting the most suitable EU jurisdiction
Structuring the corporate and operational setup
Preparing policies, procedures, and governance documentation
Supporting the licensing application and regulator interaction
Advising on post-authorization compliance
Our role is not only to support the licensing process, but to ensure the structure works in practice once operations begin.
Need clarity on MiCA and CASP licensing?
If crypto licensing in the EU is relevant for your business, we can help you assess timelines, requirements, and practical implications for your specific model.
Feel free to get in touch to discuss the next steps.