Get Your MiCA CASP License in Cyprus with Zitadelle AG

Zitadelle AG offers comprehensive assistance for obtaining a CASP (Crypto-Asset Service Provider) license under the MiCA Regulation in Cyprus. This license is essential for crypto businesses that aim to operate legally and seamlessly across the European Union under the new Markets in Crypto-Assets (MiCA) Regulation.

What Is the MiCA Regulation?

The MiCA Regulation (Regulation (EU) 2023/1114) is the European Union’s landmark legal framework governing crypto-assets, crypto-asset issuers, and crypto service providers (CASPs). It came into force on 29 June 2023 and will be fully applicable across all EU Member States, including Cyprus, ensuring a harmonized and unified licensing regime for the crypto industry.

MiCA aims to:

• Enhance investor protection

• Promote market integrity

• Enable innovation through clear regulatory standards

• Establish strong compliance obligations for crypto companies

Who Needs a MiCA CASP License?

Under Article 62 of the MiCA Regulation, any company offering crypto-related services within the EU must be authorized as a Crypto-Asset Service Provider (CASP). This includes activities such as:

• Issuance of crypto-assets

• Public offerings or trading of crypto-assets

• Crypto brokerage (including exchange), custody, or portfolio management

Even if a company was previously registered with CySEC under older frameworks, MiCA requires full re-authorization for continued operations in the EU.

Key Licensing Requirements in Cyprus

To obtain a MiCA CASP license in Cyprus, your company must meet several core regulatory and organizational criteria:

Corporate Structure:

• Two local executive directors (resident in Cyprus, meeting the “4-eyes principle”)

• Two independent non-executive directors

• Local Compliance Officer, who may also act as MLCO and Risk Manager

• Optional: Head of Brokerage and Head of Custody/Administration for crypto-assets (depending on services offered)

Other Key Functions:

• Internal Audit (can be outsourced)

• Finance & Accounting, IT, and Back Office functions (may also be outsourced, subject to regulatory conditions)

CySEC mandates that the company maintain robust internal governance, risk management, and compliance mechanisms, in line with MiCA’s second-line and third-line defense requirements.

Why Choose Zitadelle AG for Your Cyprus MiCA CASP License?

Zitadelle AG specializes in regulatory licensing for crypto companies in Cyprus, including full support for MiCA CASP applications. Our services include:

• Regulatory consultation and license application strategy

• Preparation of all required documentation and business plans

• Recruitment support for local key personnel

• Ongoing AML/CFT and compliance advisory

With offices in Cyprus and deep experience in EU crypto compliance, Zitadelle AG is your trusted partner for licensing under MiCA.