By 31 July 2025, all entities that were authorised to provide crypto-asset-related services (so-called VASPs) before 30 December 2024 must apply for authorisation as a Crypto-Asset Service Provider (CASP) under the MiCA Regulation.

Failure to submit the application by this date will result in the loss of eligibility for the extended transitional period until 1 July 2026, during which existing activities could otherwise continue.

Additionally, six new regulatory and implementing technical standards have come into effect as of 20 April 2025, setting out the details, templates and forms for applications pursuant to Article 62 of MiCA.

The application documentation is extensive and requires considerable time to prepare. If you plan to apply for a licence, now is the right time to start.

We are happy to assist you with preparing and submitting your application – don't hesitate to contact us.

Author: Lukas Tománek