European Union Crypto License
Get the largest territory covered passporting Crypto Asset Service Provider license in one of the EU countries.
ADVANTAGES
EU Passporting Rights
A MiCA CASP license allows service providers to operate across all EU member states without the need for multiple national licenses.
​Enhanced Trust
Demonstrates compliance with stringent EU regulations, bolstering trust among clients and partners, which also give a competitive advantage.
Clear Rules for Stablecoin Issuers
MiCA introduces specific regimes for asset-referenced tokens (ARTs) and e-money tokens (EMTs)
Regulatory Clarity
Provides a clear legal framework, reducing uncertainties associated with crypto operations.
Market Expansion
Facilitates entry into a unified European market, tapping into a vast customer base.​
Banking Access
Easier onboarding with EU banks and payment processors. ​
WHY CASP?
The European Union's MiCA regulation, effective from December 30, 2024, mandates that all crypto-asset service providers (CASPs) operate under a unified regulatory framework. The crypto industry is maturing. MiCA is the European Union’s answer to regulatory uncertainty, making the EU one of the most attractive, legally transparent markets for crypto-asset service providers.
CRYPTO SERVICES &
CAPITAL REQUIREMENTS
UNDER MICA REGULATION
According to the Article 3 of MiCA, the following crypto-asset services fall within the scope of MiCA:
Required Capital:
150 000 EUR
Class 3
10. operation of a trading platform for crypto-assets.
7. providing custody and administration of crypto-assets on behalf of clients;
8. exchange of crypto-assets for funds;
9. exchange of crypto-assets for other crypto-assets;
Required Capital:
125 000 EUR
Class 2
Required Capital:
50 000 EUR
Class 1
1. execution of orders on behalf of clients;
2. placing of crypto-assets;
3. providing transfer services for crypto-assets on behalf of clients;
4. reception and transmission of orders for crypto-assets on behalf of clients;
5. providing advice on crypto-assets;
6. providing portfolio management on crypto-assets;
Capital adequacy plays a critical role in ensuring operational readiness and regulatory alignment for virtual asset service providers. Under MiCA (Markets in Crypto-Assets Regulation), Crypto Asset Service Providers (CASPs) are categorized into three classes based on the services they offer, with corresponding capital requirements. Class 1 requires €50,000 in capital, Class 2 requires €125,000, and Class 3 requires €150,000.
OUR OFFERS
Under the new MiCA regulation, Europe has set a unified legal standard for crypto businesses. At NUR Legal, we simplify the licensing process in key jurisdictions — Lithuania, Czech Republic, and Estonia — ensuring full compliance, faster approvals, and a smooth launch for your crypto venture.
Below there are each country’s advantages and choose the best path for your project’s success in the European crypto market for either obtaining the license or renewing it.
VASP Holders
As the EU’s Markets in Crypto-Assets (MiCA) regulation nears full implementation, Virtual Asset Service Providers (VASPs) must begin preparing for the transition. NUR Legal advises using MiCA and other related to CASP activity regulations as a strategic blueprint to align operations now and ensure a smooth progression into the new regulatory framework. Based on our direct work with VASPs, we’ve identified three foundational pillars for a successful CASP (Crypto-Asset Service Provider) license application.
Substance Requirements
To meet MiCA’s substance requirements, CASPs must establish a demonstrable and effective operational presence within the European Union. This includes the maintenance of a physical establishment in a Member State, the centralisation of managerial decision-making within the EU, and the appointment of at least one director who is habitually resident in the Union. Moreover, key control functions—specifically those relating to AML/CTF oversight—must be carried out by qualified individuals acting as Chief Compliance Officer (CCO), Chief Risk Officer (CRO), and Money Laundering Reporting Officer (MLRO). These roles must be filled in accordance with the European Banking Authority's (EBA) guidelines on internal governance and fit-and-proper assessments, aligning CASP obligations with those imposed on licensed financial institutions across the EU.
Internal Policies
MiCA mandates the establishment and ongoing maintenance of comprehensive internal governance arrangements. CASPs must implement formalised policies and procedures governing risk management, safeguarding of client funds and assets, IT and cybersecurity controls, and data protection in accordance with the General Data Protection Regulation (GDPR). In addition, service providers are subject to stringent anti-money laundering (AML) and counter-terrorist financing (CTF) obligations under Directive (EU) 2015/849 (AMLD). These requirements mirror the compliance infrastructure demanded of licensed investment firms and payment institutions, including the obligation to conduct regular internal audits and maintain detailed records demonstrating regulatory adherence.
Capital Requirement
Pursuant to the Markets in Crypto-Assets Regulation (MiCA), crypto-asset service providers (CASPs) are required to maintain a minimum level of initial capital, ranging from €50,000 to €150,000, depending on the nature of the services provided. This financial threshold is intended to reinforce the prudential soundness of market participants, safeguard financial stability, and ensure effective risk absorption capacity. In line with practices applied to traditional financial intermediaries, such capital must be fully paid up and available at all times. Market entrants are further expected to demonstrate financial viability and operational resilience through detailed capital adequacy plans and credible funding structures.
LEGAL FRAMEWORK
The MiCA regulation classifies crypto-assets into categories such as asset-referenced tokens (ARTs), e-money tokens (EMTs), and other crypto-assets. It sets out obligations for CASPs, including prudential requirements, governance standards, and conduct of business rules. ​
Key regulatory requirements include:​
-
Prudential Safeguards: Maintaining minimum capital requirements based on the services offered.
-
Governance Arrangements: Establishing clear organisational structures with well-defined roles and responsibilities.​
-
Conduct of Business: Acting honestly, fairly, and professionally in the best interests of clients.​
It's crucial for businesses to stay updated with guidelines from regulatory bodies such as the European Securities and Markets Authority (ESMA) to ensure ongoing compliance.
OUR SERVICES
At NUR Legal, we specialize in assisting crypto businesses to seamlessly adapt to the evolving European regulatory landscape. Our expertise ensures that your transition to compliance under the Markets in Crypto-Assets (MiCA) regulation is efficient and tailored to your business needs.
With NUR Legal, your journey to MiCA licensing is supported by industry-leading legal and regulatory expertise:
-
Complete licensing project management
​
-
Entity formation in an EU jurisdiction (Lithuania, Czech Republic, Estonia, etc.)
​
-
AML/KYC compliance policies, training & implementation
-
Legal whitepaper review and token classification
​
-
Representation in front of NCAs
​
-
MiCA and DORA audits
-
Post-licensing compliance and reporting support
