How to Get a MiCA License in the EU: Your Guide to Compliance
Why the EU & MiCA Licensing?
Category | Score | Description |
Regulatory Landscape | 3/5 | MiCA offers a single, harmonized framework across the EU, eliminating regulatory fragmentation and simplifying compliance for cross-border crypto services. |
Market Size and Demand | 5/5 | With access to 27 EU countries, MiCA opens the door to a large and engaged crypto user base, fostering demand for compliant services. |
Innovation and Talent | 2.5/5 | The EU crypto compliance framework supports a vast ecosystem of blockchain education, research, and skilled professionals, nurturing a strong foundation for innovation and talent (though innovation has lacked since MiCA implementation). |
Consumer Protection and Trust | 4.5/5 | MiCA places a high emphasis on consumer protection, transparency, and AML compliance, as well as building trust and enhancing the reputation of authorized service providers. |
Sustainable and ESG-Focused Environment | 4/5 | The EU prioritizes environmental sustainability and offers incentives for green innovation, making it ideal for crypto businesses with ESG commitments. |
Ease of Cross-Border Operations | 5/5 | With passporting rights, MiCA allows VASPs/CASPs to operate across all EU member states under MiCA filing rules, a single authorization that streamlines expansion and operational efficiency. |
The European Union offers a unified, secure, and supportive environment for crypto-asset service providers (VASP/CASPs) through the MiCA regulations. Here’s why the EU crypto compliance framework is ideal:
Unified Regulatory Framework
MiCA creates a consistent regulatory landscape across countries, enabling VASP/CASPs to operate seamlessly across the EU once authorized.
High Market Demand
EU countries like Germany and France have high crypto adoption and engagement, providing a large, active user base for compliant VASP/CASPs.
Innovation-Friendly Ecosystem
The EU’s strong blockchain talent pool and university programs support crypto innovation and provide VASP/CASPs access to skilled professionals.
Enhanced Transparency and Consumer Protection
MiCA emphasizes transparency, AML compliance, and consumer protection, building trust and safety for both businesses and clients.
Attractive Tax and Economic Environment
Countries like Malta offer favorable tax conditions to encourage crypto business growth.
With MiCA, the EU provides VASP/CASPs with access to a regulated, expansive market, making it a prime choice for sustainable, compliant growth
Full-Service Solution – We Handle Every Step
Easy Access Across the EU
Secure authorization under MiCA for seamless operations across all EU member states, maximizing your reach with a single license.
Expert-Led, Comprehensive Compliance
Our team manages every step, from application preparation to regulatory follow-ups, ensuring a smooth path to MiCA compliance.
Remote, Efficient Process
Handle the entire licensing process remotely with our support. With digital solutions, there’s no need to travel; all documentation is managed online.
Future-Proof Compliance for Expanding Markets
MiCA positions your business for sustainable growth in a secure regulatory framework, enabling safe expansion into one of the world’s most active crypto markets.
Backed by Industry Leaders
Trusted by global crypto firms, we offer an efficient, expert-led route to EU compliance under MiCA standards.
What You Get
Full MiCA Application Preparation
We handle the entire application process, from document collection to submission. Our team ensures that every detail meets EU standards, providing a seamless path to MiCA authorization. We prepare all necessary documentation to align with MiCA’s regulatory requirements. We provide a tailored checklist for your internal team to gather essential documents, including proof of reputation, expertise, and operational readiness.
Workshops and Training Sessions
Our hands-on workshops are designed to equip your team with the knowledge and skills required for MiCA compliance. These workshops can guide you on key MiCA requirements and application nuances and help you develop a strong, compliant application.
Application Submission
We manage the submission process to financial authorities and handle initial communications. Our experts prepare for the first review stage, addressing comments and questions to ensure swift and effective responses. We submit the completed application and coordinate all initial communication with authorities. For authorities’ initial review, we prepare detailed responses to any comments, ensuring that the process continues smoothly.
Iterative Feedback and Follow-Up Support
The application process may require multiple iterations with financial authorities. We offer structured follow-up support for each stage, helping you navigate the entire approval process. Our team adapts and updates your application based on feedback we receive.
Optional Add-On Services
For companies needing additional support beyond the core MiCA package, we offer optional add-ons tailored to enhance your compliance and operational setup. We help create a detailed program of operations specific to MiCA’s guidelines. Our specialists provide ICT system and security documentation aligned with regulatory expectations. We also provide custom financial planning for MiCA filing services to ensure that your business meets MiCA’s prudential requirements.
Your Journey To Regulation (Step-by-Step)
Phase 1. Organizational Phase
Step 1: Signing the Cooperation Agreement
- We begin by formalizing our partnership to initiate the licensing process.
Step 2: Workshop with Client
- Our team conducts a workshop to finalize the scope of MiCA filing services included in your application, ensuring alignment with MiCA requirements.
Step 3: Submission of Initial Checklist
- We provide a custom checklist for your team, detailing the documents needed for a smooth application process.
Timeline: One week
Phase 2. Application Preparation
Step 4: Application and Appendices Preparation
- We prepare the application and all necessary appendices, ensuring each document meets MiCA’s rigorous standards.
Step 5: Submission of Application
- Once the application is finalized, we submit it to financial authorities, beginning the formal review process.
Timeline: Less than two months
Phase 3. Initial Review by Authorities
Step 6: Completeness Confirmation
- Authorities confirm the application’s completeness, initiating the detailed review phase.
Step 7: First Feedback Iteration from Authorities
- We receive initial comments and questions from authorities, based on their review of the application.
Step 8: Response to Authorities’ Comments
- Our team prepares a thorough response to authorities’ questions, addressing any compliance issues raised.
Timeline: Less than two months
Phase 4. Final Review and Approval
Step 9: Further Iterations with Authorities
- We manage additional feedback cycles with authorities, addressing all requests until the application is finalized.
Step 10: Approval Notification
- Authorities inform us of their decision to approve the application, signaling the final stage of the process.
Step 11: Formal Granting of Authorization
- Authorization is officially granted, allowing your business to operate as a licensed VASP/CASP under MiCA filing rules.
Timeline: Less than two months
Key Deadlines
The deadline for all existing and new VASPs to achieve compliance is June 30, 2025. Initiating your licensing process early can help secure timely approval. Existing VASPs operating within the EU before MiCA enforcement may continue offering services under their previous arrangements until June 30, 2025. Due to high anticipated demand, early applicants will likely benefit from expedited processing and greater clarity around compliance expectations.
Frequently Asked Question (FAQ)
What is MiCA?
MiCA, or the Markets in Crypto-Assets Regulation, establishes EU-wide standards for crypto asset services. It ensures transparency, consumer protection, and market integrity.
Who needs a MiCA license?
Crypto-asset service providers (VASPs) operating in the EU need a MiCA license to offer compliant crypto services.
What services are covered under a MiCA license?
A MiCA license covers services like crypto trading, custody, wallet operations, and other regulated crypto activities in the EU.
When does MiCA become enforceable?
MiCA enforcement starts in 2024, and all VASPs must comply by June 30, 2025, to continue operations in the EU.
How long does the MiCA licensing process typically take?
The MiCA licensing process varies by application but generally spans several months, depending on regulatory review and completeness.
What documents are needed for a MiCA license application?
Required documents include compliance policies, financial plans, proof of reputation, and technical documentation for security and operations.
Can MiCA applications be submitted remotely?
Yes, applicants can submit MiCA applications remotely within the EU, facilitating an efficient, accessible compliance process.
What happens if my MiCA application is incomplete?
Regulators will request additional information or documentation, potentially extending the review process until all requirements are met.
Can MiCA license holders operate across all EU countries?
Yes, a MiCA license enables VASPs to operate freely within the EU, supporting cross-border crypto asset services.
How much does a MiCA license cost?
MiCA licensing costs vary by provider but generally include application fees, annual supervision fees, and compliance costs.
How does MiCA impact consumer protection?
MiCA enhances consumer protection by requiring transparency, disclosure, and secure operational practices across crypto service providers.
Will MiCA affect non-EU crypto companies?
Non-EU crypto companies must obtain a MiCA license if they provide services to EU residents, ensuring compliance with EU regulations.