24/09/25
As of July 31, 2025, the Czech Republic has fully implemented the EU’s Markets in Crypto-Assets Regulation (MiCA), replacing the previous Virtual Asset Service Provider (VASP) framework. All crypto businesses must now operate under the new Crypto-Asset Service Provider (CASP) licensing regime.
💼 Key Facts: The Czech National Bank (ČNB) is the designated authority for MiCA compliance. Companies that were operating under a VASP license before December 30, 2024, were required to submit a CASP application by July 31, 2025. Those who did can continue operations until a decision is made, but no later than July 1, 2026.
📊 Regulatory Implications: The MiCA framework introduces stricter requirements, including minimum capital thresholds, enhanced anti-money laundering (AML) obligations, and strict IT resilience standards under the Digital Operational Resilience Act (DORA). These measures aim to harmonise crypto regulations across the EU, ensuring greater consumer protection and market integrity.
⚖️ Practical Impact: For crypto businesses, this regulatory shift necessitates immediate attention to compliance. Companies must ensure they meet the new capital requirements, implement comprehensive AML/KYC procedures, and adhere to IT resilience standards. Failure to comply could result in penalties or revocation of operating licenses.
📌 In summary, the transition to the CASP licensing regime marks a significant shift in the Czech crypto landscape. Businesses must act swiftly to ensure full compliance with MiCA and DORA regulations. NUR Legal is here to provide expert guidance and support in navigating this complex regulatory environment. Contact us today to safeguard your operations and maintain your competitive edge. Visit us at NUR-Legal.com or contact us directly at info@nur-legal.com
Emil Korpinen