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ARTICLE · 16 APRIL 2024

MiCA: Start Preparing

In order for crypto-asset service providers, also known as Crypto-Asset Service Providers ("CASPs") to operate within the EU, the Markets in Crypto-Assets Regulation ("MiCA") requires...

NetherlandsTechnology
Ruben Verschuren
Ruben Verschuren

In order for crypto-asset service providers, also known as Crypto-Asset Service Providers ("CASPs") to operate within the EU, the Markets in Crypto-Assets Regulation ("MiCA") requires, that those parties have to be in possession of a license by 30 December 2024. The AFM has indicated that CASP license applications can be submitted beginning from 22 April 2024 and, if approved, can be used from 30 December 2024.

Currently, parties offering crypto services in or from the Netherlands must be registered with DNB under the Money Laundering and Terrorist Financing Act ("Wwft"). These registered parties have to comply with MiCA and will require a CASP license by 30 June 2025. Since the license application may take several months future CASPs are advised to prepare the license application timely and with care.

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