Estonian MiCA licence

The series, in reading order

1. The authorisation and its timelineMiCA CASP licence in EstoniaWho needs a MiCA CASP authorisation, what the application to the Estonian Financial Supervision Authority contains, assessment periods, capital and fees.
2. Classes and minimum capitalMiCA licence classes and capitalThe three MiCA CASP classes service by service, the 50,000 / 125,000 / 150,000 euro minimums, the fixed-overheads test and what counts as capital.
3. White paperCrypto-asset white paper requirements under MiCAWhen a MiCA crypto-asset white paper is required, the exemptions, the mandatory content, notification 20 working days before publication, and liability.
4. Custody and key managementMiCA custody policy and key managementWhat Article 75 of MiCA requires from a CASP that provides custody, and what the custody policy and the security and key management procedure must contain.
5. Travel RuleTravel Rule for crypto-asset service providersWhat the EU Travel Rule requires from CASPs: originator and beneficiary data, missing information, self-hosted addresses, counterparty due diligence.
6. Passporting and ongoing complianceMiCA passporting and ongoing complianceHow an authorised crypto-asset service provider passports its services under Article 65 of MiCA, and the ongoing compliance obligations after authorisation.
7. Reporting after authorisationSupervisory reporting after authorisationPeriodic reporting of fund managers, creditors and credit servicers, the DORA register of information and remediation after a compliance audit.
8. Operational resilience (DORA)DORA: ICT risk framework and register of informationWhat Regulation (EU) 2022/2554 (DORA) requires from payment and e-money institutions, CASPs and fund managers, proportionality, and the register of information.
9. Bank accountBank account for a licensed companyWhy payment institutions, EMIs, crypto-asset service providers, credit servicers and MSBs need specific accounts, why banks refuse and how to prepare.
10. Banking and payment partnersBanking and payment partners for fintechsWhat payment institutions, CASPs and card programmes need from banks, why onboarding fails, and how introductions to banks, IBANs and BIN sponsors work.
11. State fees and capitalState fees and capital for EU licencesOfficial state fees and minimum capital for MiCA, payment and e-money institutions, fund managers, creditors, gambling, transport and Canada MSB.
12. What the application costsWhat a licensed company in Estonia really costsThe cost layers of an Estonian licensed company: our fee, state fees, the initial capital a payment or e-money institution must hold, and running costs.

MiCA crypto licensing: process, fee and state fees Start the assessment

The guides are general information about the law and our services, not legal advice. Other series: Estonian AIFM licence · Estonian EMI and payment institution licence. All guides.