MiCA Lets Authorized Crypto Firms Offer Approved Services Across EU Borders

A crypto-asset service provider (CASP) authorized under the European Union’s Markets in Crypto-Assets Regulation (MiCA) can extend approved services across member states after notifying its home regulator, giving licensed firms a bloc-wide route to expand. MiCA generally requires authorization to provide crypto-asset services in the EU, subject to specific routes elsewhere in the regulation. The process does not require a separate MiCA authorization in every destination country. A provider must give its home regulator a list of the member states it plans to enter and the services it intends to offer. The regulator has 10 working days to forward that information to the authorities in those markets. The provider may start after it receives notice or, at the latest, 15 calendar days after filing.

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