MiCA CASP Licensing: What Changes in the 2027 Review Cycle

Frequently Asked Questions

01.What is MiCA CASP licensing?

MiCA CASP licensing is the Title V authorization regime under EU Regulation 2023/1114 that requires any crypto-asset service provider serving EU clients to hold a single-passport license from a national competent authority, covering custody, exchange, order execution, and advice services.

02.How does the 2027 MiCA review differ from the transitional grandfathering period?

The grandfathering period under Article 143 let pre-MiCA firms keep operating under national law until 1 July 2026 at the latest. The 2027 review under Article 140 is a separate exercise where the European Commission assesses the regulation itself and may propose amendments, not an extension of any firm's existing license.

03.Who is the target audience for MiCA CASP compliance architecture guidance?

VP Engineering, Innovation Directors, and CIOs at banks, fintechs, and asset managers who must decide whether to build custody and travel-rule infrastructure in-house or through an authorized CASP partner ahead of scope changes from the 2027 review.