Free Tool — No Login Required
MiCAR CASP Readiness Assessment
Assess your organisation's readiness for MiCAR CASP authorisation. Select your crypto-asset services, answer questions on capital, governance, AML/CFT, and IT requirements, and get a personalised gap report with article-level references.
Timeline note: Allow 3–6 months for the full authorisation process. To meet the 1 July 2026 deadline, applications should be submitted by January 2026. See the full authorisation guide.
Which crypto-asset services will you provide?
Select all services that apply. This determines your minimum capital requirement under MiCAR Article 67.
AI-generated output — not legal advice. Verify independently.
Frequently Asked Questions
Who needs to complete a MiCAR CASP authorisation application?
Any firm providing crypto-asset services professionally in the EU — including custody, trading platforms, crypto-to-fiat exchange, order execution, advice, portfolio management, and transfer services — must obtain MiCAR authorisation. Credit institutions and MiFID investment firms are partially exempt via notification. Firms operating under national licences before 30 December 2024 have until 1 July 2026 under transitional provisions.
What is the July 2026 deadline for CASPs?
Article 143 of MiCAR provides transitional arrangements allowing firms that were authorised under national crypto regimes before 30 December 2024 to continue operating until 1 July 2026. After that date, only firms with MiCAR authorisation (or pending applications) may continue providing crypto-asset services. New entrants with no national licence must obtain MiCAR authorisation before commencing services.
How long does the MiCAR CASP authorisation process take?
Under Article 63, the NCA has 25 working days to assess completeness and 40 working days to make a decision on a complete application. In practice, including pre-application engagement, documentation preparation, and any NCA requests for additional information, firms should allow 3–6 months. Given the July 2026 deadline, applications should be submitted by January 2026 at the latest.
What capital do I need for CASP authorisation?
Article 67 sets minimum own funds based on services: €50,000 for custody, advice, transfer services, or reception/transmission of orders; €125,000 for exchange against fiat, exchange against other crypto, execution of orders, or placing; €150,000 for operating a trading platform. Where multiple services are provided, the highest threshold applies. Own funds must also be at least ¼ of the prior year's fixed overheads.
Does this assessment cover all MiCAR CASP requirements?
This tool covers the primary authorisation requirements under MiCAR Title V (Articles 59–76) across the key categories: capital adequacy, governance, AML/CFT, EU substance, IT/security, and client asset protection. It is a planning tool, not a complete regulatory analysis. Some requirements (such as ESMA-specific RTS, national NCA guidance, or sector-specific rules) are not fully captured. Always verify against the full MiCAR text and applicable NCA guidance.
More MiCAR Resources
Deep-dive into specific MiCAR requirements with AI-powered Q&A backed by the full regulatory text.