Crypto Licenses/Cyprus (MiCA)
πŸ‡¨πŸ‡Ύ EU MiCA CASP License

Cyprus MiCA CASP License

Obtain a European Union crypto-asset service provider license through Cyprus's MiCA framework β€” with full EU passporting rights and access to one of Europe's most sophisticated financial services ecosystems.

Supervised by CySEC (Cyprus Securities and Exchange Commission) β€” Cyprus's competent authority for MiCA CASP authorization.

License Overview

What is a Cyprus MiCA CASP License?

A Cyprus MiCA CASP license authorizes a company to provide regulated crypto-asset services from Cyprus and throughout the European Union through MiCA passporting rights. CySEC regulates these activities pursuant to MiCA and the EU's harmonized crypto-asset framework:

Crypto-to-fiat exchange services
Crypto-to-crypto exchange services
Custody and administration of crypto-assets
Operation of crypto-asset trading platforms
Execution of crypto-asset orders
Reception and transmission of orders
Portfolio management
Crypto-asset advisory services
Transfer services for crypto-assets
Placement of crypto-assets
Institutional digital asset services
Brokerage services
Key Advantages

Why Cyprus?

EU Passporting Rights

A Cyprus CASP can generally provide authorized crypto services throughout the EU and EEA through MiCA's passporting framework β€” accessing the entire EU market from a single authorization.

World-Class Financial Services Ecosystem

Cyprus hosts hundreds of regulated financial institutions including investment firms, forex brokers, EMIs, payment institutions, fund managers, and alternative investment funds.

Highly Respected Regulator

CySEC has decades of experience regulating financial institutions and was among the first European regulators to establish a formal crypto registration framework prior to MiCA.

Attractive Corporate Tax Environment

Cyprus offers approximately 12.5% corporate income tax, an extensive double-tax treaty network, and attractive holding company and IP regimes within the EU framework.

Strategic Gateway to Europe, MENA & Africa

Cyprus is uniquely positioned between Europe, the Middle East, and Africa, making it attractive for crypto businesses targeting multiple international markets.

Infrastructure Partnerships

A robust local ecosystem of compliance firms, banking partners, payment processors, and professional service providers supports crypto business operations.

Capital Requirements

MiCA Capital Requirements

MiCA establishes minimum capital requirements depending on the services being provided. Beyond statutory minimums, CySEC expects firms to demonstrate sufficient financial resources, liquidity, governance, and operational resilience.

Class 1 CASP

€50,000

Practical: €50,000 – €100,000+

Advisory services, portfolio management, order reception/transmission, placement, transfer services.

Class 2 CASP

€125,000

Practical: €125,000 – €500,000+

Custody services, crypto-to-fiat exchange, crypto-to-crypto exchange, order execution.

Class 3 CASP

€150,000

Practical: €150,000 – €750,000+

Operation of crypto-asset trading platforms.

Requirements

Key Regulatory Requirements

Corporate Structure

  • Cyprus limited company
  • Registered office in Cyprus
  • Legal Entity Identifier (LEI)
  • Corporate governance framework

Local Substance

  • Physical office
  • Cyprus operational presence
  • Qualified management team
  • Local governance functions

Governance Requirements

  • Executive directors
  • Independent directors
  • Compliance Officer
  • Risk Manager
  • Finance Officer

Compliance Framework

  • AML/KYC program
  • Transaction monitoring
  • Travel Rule implementation
  • Sanctions compliance
  • Risk management framework
  • Outsourcing controls

Operational Resilience

  • Cybersecurity controls
  • ICT governance
  • Business continuity planning
  • Incident response procedures
  • DORA readiness

Financial Requirements

  • Minimum capital
  • Financial projections
  • Liquidity planning
  • Safeguarding procedures
Common Use Cases

Who Uses This License

Cryptocurrency Exchanges

Launch regulated exchanges serving customers throughout Europe.

Institutional Custody Platforms

Provide institutional custody, wallet infrastructure, and safeguarding services.

OTC Trading Desks

Operate regulated liquidity and brokerage businesses.

Tokenized Asset Platforms

Support tokenized securities, RWAs, private credit, funds, and digital investment products.

Stablecoin Infrastructure

Provide settlement, treasury, and payment architecture solutions.

Wealth Management Platforms

Offer crypto portfolio management and advisory services.

Prime Brokerage & Institutional Services

Support hedge funds, family offices, and institutional digital asset participants.

Our Services

Scope of Services

We provide end-to-end advisory and implementation services for obtaining and operationalizing a Cyprus MiCA CASP license.

Phase 1

Regulatory Strategy & Structuring

  • Business model analysis
  • MiCA classification review
  • CASP activity determination
  • Jurisdiction comparison analysis
  • EU passporting strategy
  • Corporate structuring recommendations
Phase 2

Cyprus Company Formation

  • Cyprus LTD formation
  • Shareholder structuring
  • Director appointments
  • Governance implementation
  • Local substance planning
  • Registered office coordination
Phase 3

Compliance Framework Development

  • AML/KYC policies
  • Transaction monitoring procedures
  • Travel Rule framework
  • Sanctions compliance
  • Risk assessment methodology
  • Internal controls
  • Compliance manuals
Phase 4

CASP Application Preparation

  • Program of operations
  • Business plan preparation
  • Financial projections
  • Governance documentation
  • Capitalization planning
  • Regulatory correspondence
  • Application management
Phase 5

Banking & Payments Infrastructure

  • EMI introductions
  • Banking introductions
  • SEPA infrastructure planning
  • Stablecoin treasury architecture
  • Custody provider introductions
  • Fiat settlement workflows
Phase 6

Operational Launch Support

  • Terms of service
  • Customer agreements
  • Vendor onboarding
  • Compliance training
  • Regulatory reporting support
  • Ongoing advisory services
Infrastructure

Banking & Financial Infrastructure Support

Obtaining a MiCA license is only one component of building a successful digital asset business. We assist clients with:

Banking introductions
EMI relationships
SEPA connectivity
Stablecoin treasury architecture
Custody integrations
Liquidity provider introductions
Fiat on-ramp/off-ramp solutions
Cross-border payment infrastructure
Sponsor banking introductions
Payment processor relationships
Why Us

Why Entrepreneurs Choose Blockrunner

Deep Regulatory Experience

We advise on crypto, payments, securities, banking, and digital asset regulations globally.

Payments & Banking Expertise

We operate at the intersection of digital assets, banking, payments, compliance, and capital markets.

End-to-End Execution

From licensing and compliance to banking, custody, tokenization, and operational launch β€” comprehensive implementation support.

Multi-Jurisdictional Licensing Expertise

Cyprus MiCA CASP
Lithuania MiCA CASP
Estonia MiCA CASP
Latvia MiCA CASP
Poland MiCA CASP
Ireland MiCA CASP
El Salvador DASP
BVI VASP
Seychelles VASP
CuraΓ§ao VASP
Antigua DABA
Bermuda DABA
Switzerland SRO Structures
Canada MSB
U.S. MSB & state money transmission frameworks
FAQ

Frequently Asked Questions

Who regulates CASPs in Cyprus?

The Cyprus Securities and Exchange Commission (CySEC) serves as the competent authority for CASP authorization and supervision under MiCA.

What is the minimum capital requirement?

Depending upon the services offered, MiCA generally requires minimum capital of €50,000, €125,000, or €150,000.

Can a Cyprus CASP serve customers throughout Europe?

Yes. MiCA authorization generally provides passporting rights throughout the EU and EEA.

Is a physical office required?

Yes. Cyprus generally requires genuine operational substance, including a physical office and local management presence.

How long does the licensing process take?

Most industry participants estimate approximately 6–12 months depending upon the complexity of the application and regulator review timelines.

Why do many crypto businesses choose Cyprus?

Cyprus combines EU passporting rights, a sophisticated financial services ecosystem, favorable corporate tax treatment, experienced regulators, and access to European banking infrastructure.

Launch Your European Crypto Business with Blockrunner

Whether you are launching a crypto exchange, custody platform, OTC desk, tokenized asset marketplace, stablecoin infrastructure provider, or institutional digital asset business β€” a Cyprus MiCA CASP license can provide a powerful gateway into the European market.