Europe ยท MiCA Framework

Cyprus MiCA CASP License

EU MiCA Crypto-Asset Service Provider authorization via CySEC โ€” full passporting across 30 EEA states with Zitadelle AG support from our Cyprus headquarters.

Regulator
CySEC
Framework
MiCA (EU) 2023/1114
EU Passporting
30 EEA states
Last Updated
June 2025

โ€” Last updated: June 2025 ยท 6 min read

What is MiCA CASP?

MiCA Regulation (EU) 2023/1114 is the EU's landmark framework governing crypto-assets. In force June 29, 2023, and fully applicable across all EU member states. Any company offering crypto-related services within the EU must be authorized as a Crypto-Asset Service Provider (CASP) under Article 62.

Who Needs a CASP License?

  • โ€ขCrypto-asset issuers
  • โ€ขPublic offering or trading platforms for crypto-assets
  • โ€ขCrypto brokerage (exchange), custody, or portfolio management
  • โ€ขPreviously CySEC-registered VASPs requiring full MiCA re-authorization

Corporate Structure Requirements

  • โ€ขTwo local executive directors (Cyprus-resident, meeting "4-eyes principle")
  • โ€ขTwo independent non-executive directors
  • โ€ขLocal Compliance Officer (may also act as MLCO and Risk Manager)
  • โ€ขHead of Brokerage and/or Head of Custody/Administration (depending on services)
  • โ€ขInternal Audit (outsourceable)
  • โ€ขFinance, IT, and Back Office functions (outsourceable subject to conditions)

MiCA Passporting Advantage

Unlike offshore VASP registrations, a Cyprus MiCA CASP license provides full EU passporting โ€” offering crypto services in all 30 EU/EEA member states from a single Cyprus authorization. This is the most commercially powerful crypto license in Europe.

Zitadelle AG Advantage

Our European headquarters is in Limassol, Cyprus โ€” providing direct CySEC access, local director networks, and on-the-ground compliance expertise for MiCA applications.

Frequently Asked Questions

Legacy EU VASP registrations (under national AML frameworks) are being replaced by MiCA CASP authorizations. MiCA is a comprehensive, harmonized EU-wide regime with stricter requirements but full passporting rights across all 30 EU/EEA states.

Ready to Apply for a Cyprus MiCA CASP License?

Speak with our Cyprus-based team about your MiCA authorization requirements.

Quick Facts

RegulatorCySEC
FrameworkMiCA Regulation EU 2023/1114
EU Passporting30 EEA states
Min. Directors4 (2 executive Cyprus-resident)
Zitadelle AGLimassol, Cyprus
UpdatedJune 2025

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Disclaimer: This page is for informational purposes only and does not constitute legal or regulatory advice. Requirements, timelines, and fees are subject to change. Always consult directly with the relevant regulatory authority or a qualified professional for the most current information. Zitadelle Advisory Group LTD is not a law firm and does not provide legal representation.