MiCA CASP Obligations: Operating Requirements 2026

Frequently Asked Questions

01.What is a CASP under MiCA?

A CASP (crypto-asset service provider) under MiCA Regulation EU 2023/1114 is any legal entity that professionally provides one or more crypto-asset services defined in Article 3(1)(16), including custody, exchange, trading platform operation, portfolio management, and transfer services, and must be authorised by a national competent authority before operating in the EU.

02.What capital requirements apply to CASPs under MiCA?

Under MiCA Article 67, CASP capital requirements are tiered by service type: EUR 50,000 for basic services (transfer, advice, order reception), EUR 125,000 for exchange or portfolio management, and EUR 150,000 for operating a trading platform or providing custody. CASPs must maintain capital at all times, not only at authorisation.

03.When did MiCA CASP obligations become enforceable?

MiCA Title V CASP obligations became enforceable on 30 December 2024 across all EU member states, following the publication of Regulation EU 2023/1114 in the Official Journal on 9 June 2023 and entry into force on 29 June 2023. National competent authorities began accepting authorisation applications from mid-2024.