Crypto-Asset Services Providers Can Apply For A Licence With The AFM As Of 22 April

From 22 April 2024, crypto-asset service providers (CASPs) have the option to apply for a licence with the Dutch Authority for the Financial Markets (AFM). Certain entities which are already subject to supervision, such as banks and investment firms, may submit a notification to be able to provide crypto-asset services in addition to their existing services and activities. The authorisation should be in place by 30 December 2024, the date on which MiCAR applies, unless the CASP can benefit of the transitional regime for existing offerors under the local regime.

Crypto-asset service providers or CASPs may apply for a MiCAR licence with the AFM as of 22 April 2024. This is announced in a publication on the website of the AFM. MiCAR will enter into force as per 30 December 2024, which means that parties who wish to become active as a CASP under MiCAR should have the authorisation at that point in time. For purposes of the licence application, the AFM has amongst others