{"id":7167,"date":"2026-10-14T11:18:23","date_gmt":"2026-10-14T11:18:23","guid":{"rendered":"https:\/\/helvetios.com\/?p=7167"},"modified":"2026-10-14T11:18:25","modified_gmt":"2026-10-14T11:18:25","slug":"crypto-licensing-in-europe-in-2026-mica-casp-authorisation-country-choices-and-what-changes-in-2027","status":"publish","type":"post","link":"https:\/\/helvetios.com\/ru\/crypto-licensing-in-europe-in-2026-mica-casp-authorisation-country-choices-and-what-changes-in-2027\/","title":{"rendered":"Crypto Licensing in Europe in 2026: MiCA CASP Authorisation, Country Choices and What Changes in 2027\u00a0"},"content":{"rendered":"

\u041a\u0440\u0430\u0442\u043a\u0438\u0439 \u043e\u0442\u0432\u0435\u0442:<\/strong> Since 1 July 2026, no national grandfathering regime is left in the EU. A firm providing crypto-asset services to EU clients needs a MiCA authorisation as a crypto-asset service provider (CASP). That means one licence from one national regulator, passported across the EEA, with minimum capital of \u20ac50,000, \u20ac125,000 or \u20ac150,000 depending on services. ESMA has told unauthorised firms to wind down. Further changes are coming in 2027: AML rules on 10 July, DAC8 tax reports, and a proposal to move CASP supervision to ESMA. <\/p>\n\n\n\n

Key facts about Crypto Licensing at a glance (as of 13 October 2026)<\/strong>\u00a0<\/h3>\n\n\n\n
Topic<\/strong> <\/td>Status<\/strong> <\/td><\/tr>
Transitional period (Art. 143(3) MiCA) <\/td>Ended 1 July 2026 in all member states, no extensions <\/td><\/tr>
Authorised CASPs on ESMA\u2019s register <\/td>About 360\u2013390 depending on counting method (early October 2026) <\/td><\/tr>
Capital floor <\/td>\u20ac50,000 \/ \u20ac125,000 \/ \u20ac150,000, or 25% of prior-year fixed overheads if higher <\/td><\/tr>
Statutory review time <\/td>25 working days for completeness + 40 for assessment, often much longer in practice <\/td><\/tr>
Passport <\/td>Notification route across the EEA once authorised <\/td><\/tr>
Non-EU firms <\/td>No equivalence regime. Only narrow reverse solicitation (Art. 61) <\/td><\/tr>
Next hard date <\/td>10 July 2027: AMLR applies <\/td><\/tr><\/tbody><\/table><\/figure>\n\n\n\n

Changes to crypto licensing rules in 2026<\/h3>\n\n\n\n

The transition ended.<\/strong> MiCA\u2019s Article 59 prohibition on unauthorised services had been in force since December 2024. Article 143(3) only deferred it for firms already operating under national law, and that deferral ran out on 1 July 2026. ESMA confirmed on 17 April 2026 that there would be no extension, and said the rule applies even where a member state has not implemented MiCA. <\/p>\n\n\n\n

ESMA moved to enforcement.<\/strong> Its 23 June 2026 statement expects unauthorised CASPs to stop onboarding, stop marketing and wind down in an orderly way, with custody continuing only as long as needed for the exit. It also states that non-EU firms cannot serve EU clients or solicit them, including in B2B arrangements. Clients of unauthorised firms do not get MiCA safeguards, including asset protections. <\/p>\n\n\n\n

Many pre-MiCA firms did not convert.<\/strong> More than 1,200 entities held national VASP registrations before MiCA. About 210 CASPs were authorised by May 2026, roughly 17%, according to reporting that cites CCN (Coinpaprika<\/a>). The register has grown since. One count of ESMA\u2019s file from 30 September 2026 found 359 current authorisations, and a tracker showed 386 on 7 October. Treat any figure as dated, because the register is updated weekly and lags national decisions. <\/p>\n\n\n\n

Who needs a MiCA licence, and who doesn\u2019t <\/h2>\n\n\n\n