Crypto-Asset Service Provider (CASP) under MiCA

Who Needs This License?

A Crypto-Asset Service Provider (CASP) license under MiCA is required for crypto exchanges, crypto trading platforms, providers of order reception and transmission services related to crypto-assets, or execution of orders related to crypto-assets on behalf of customers, asset management/portfolio management in relation to crypto-assets, or crypto advisory services.

Our References

Our clients in the field of cryptocurrencies include Tipsport, wBTCb, and MyCoiner.

Why Choose Our Law Firm?

• We have handled dozens of CNB licenses or registrations in the financial services sector.
• We work on CNB licenses daily.
• We are in close contact with CNB staff and are familiar with the licensing process, including unwritten rules and practices.
• We efficiently guide clients through the entire licensing process with the CNB.
• Subsequently, we provide comprehensive services in Compliance, AML, Risk Management (especially operational risks), internal audit, CNB reporting, and accounting.

How Does the Licensing Process Work?

• We will assign you a project manager who will guide you through the entire licensing process with the CNB.
• We will prepare a complete license application and all required appendices.
• This includes developing a business plan with financial projections, calculating capital adequacy, and preparing a complete set of internal policies, including anti-money laundering (AML/CFT) measures.
• We will ensure outsourcing of compliance, risk management, and internal audit.

How Long Does It Take to Obtain the License?

• Preparing the complete license application takes 1 to 2 months.
• The licensing process with the CNB usually takes 3 to 6 months.

What Do We Need from You?

• Materials for preparing the business plan – information about planned services, target audience, and basic financial indicators of the project.
• Information about key personnel and individuals with qualifying holdings, up to the ultimate beneficial owner.
• Documentation of the origin of initial capital amounting to €50,000 to €150,000.

What Is the Cost of Obtaining the License?

The price depends on the complexity and planned scope of the license. After an initial consultation, we will prepare a tailored written offer for you.

References

Key contacts

Zuzana Stuchlíková

Maxim Obuchov

Zuzana Neubauerová