Crypto license after MiCA in the Baltic States

Navigating the MiCA Licensing Regime for CASPs

As the Markets in Crypto-Assets (MiCA) regulation prepares to take effect, it establishes a unified standard across the EU for the regulation of Crypto Asset Service Providers (CASPs). However, significant differences still exist among Member States regarding the specifics of this regulation.

One critical aspect of MiCA is the introduction of a licensing regime, which aims to ensure that all CASPs operate under clear guidelines and standards. This means that obtaining a license will not be a straightforward process; companies must be prepared for a rigorous evaluation.

In summary, while MiCA sets the groundwork for a more structured approach to crypto regulation, the path to compliance will require careful planning and expert guidance.