Step-by-Step Process to Obtain a MiCA CASP License

With the EU MiCA (Markets in Crypto-Assets) regulation fully in effect in 2026, obtaining a CASP (Crypto-Asset Service Provider) license is essential for crypto operators who want to legally operate across the European Economic Area (EEA). A MiCA CASP license ensures compliance, investor confidence, and the ability to passport services throughout the EU.

This guide outlines the step-by-step process for obtaining a MiCA CASP license.

Step 1: Establish a Legal Entity

Before applying for a CASP license, you must establish a compliant company in an EU member state. Typical structures include:

• Société à responsabilité limitée (S.à r.l.) in Luxembourg
• Private Limited Company (Ltd.) in other EU countries

Key requirements:

• 100% foreign ownership allowed
• Minimum share capital depending on service type (€12,000–€50,000)
• Transparent corporate governance and reporting
• Functional presence in the EU

Step 2: Define Your Service Scope

Determine which MiCA-authorized services your CASP will provide:

• Crypto-asset exchange services
• Custody and wallet solutions
• Execution of client orders
• Transfer and placement of crypto-assets
• Advisory services

The service scope affects capital requirements, compliance obligations, and reporting standards.

Step 3: Capital Allocation

Allocate the required minimum capital according to your service type:

• Advisory services: €50,000
• Custody or exchange services: €125,000
• Trading platforms: €150,000+

Additional reserves may be needed depending on operational volume and risk exposure.

Step 4: Governance and Compliance Setup

Prepare a robust governance and compliance framework:

• Appoint qualified directors and compliance officers
• Establish clear operational hierarchy and internal controls
• Implement AML/KYC programs, transaction monitoring, and internal audits
• Ensure cybersecurity protocols and GDPR-compliant data protection
• Document risk management procedures

Step 5: Prepare Licensing Documentation

Compile all necessary documentation for submission to the regulatory authority:

• Company incorporation documents
• Share capital proof
• Governance and compliance manuals
• Operational policies and cybersecurity measures
• Risk management and audit procedures

Quality of documentation significantly affects regulatory review speed.

Step 6: Submit to Regulatory Authority

Submit your application to the relevant EU regulatory authority (e.g., CSSF in Luxembourg).

• Ensure all forms are complete and accurate
• Provide clear ownership and UBO disclosure
• Include proof of functional EU presence

Estimated review period: 3–6 months, depending on the quality of your submission.

Step 7: Regulatory Review and Feedback

During this stage:

• The authority reviews governance, capital, and compliance frameworks
• Requests additional information if needed
• Confirms your alignment with MiCA regulations

Respond promptly to requests to avoid delays.

Step 8: Licensing Approval and Banking Integration

Once approved:

• Receive your CASP license, valid for EU operations
• Initiate banking relationships with EU banks and PSPs
• Implement EU-wide operational and reporting systems

Licensed CASPs benefit from EU passporting rights, enabling cross-border crypto services.

Ongoing Compliance Obligations

After obtaining your license, CASPs must:

• Maintain AML/KYC compliance and transaction monitoring
• Conduct regular internal audits
• Submit periodic reports to the regulatory authority
• Maintain cybersecurity and IT security standards
• Pay annual supervisory fees

Non-compliance can result in fines, license suspension, or revocation.

FAQ — MiCA CASP Licensing 2026

How long does it take to obtain a CASP license?

• Typically 3–6 months depending on readiness and documentation quality.

What is the minimum capital requirement?

• From €50,000 for advisory to €150,000+ for trading platforms.

Is local presence required?

• Yes, functional management and decision-making must occur within the EU.

Can a CASP license operate across the EU?

• Yes, EU passporting allows services throughout the EEA.