📢HOW URGENT IS A MiCA LICENSE FOR CRYPTO BUSINESSES?
- PCV LLC
- Jan 24
- 1 min read

With the Markets in Crypto-Assets Regulation (MiCA) officially in effect, Crypto Asset Service Providers (CASPs) across EU are navigating a rapidly shifting regulatory landscape. CASPs licensed in an EU country before 30th of December 2024, can benefit from national transition periods ranging from approximately 5 to 18 months.
However, the critical question arises: Should CASPs strategically choose jurisdictions with longer transition periods to delay compliance? The reality is quite the opposite—CASPs are accelerating efforts to obtain MiCA licenses.
This urgency stems not just from the enhanced credibility and trust that regulation brings, but from the fundamental need to sustain and grow their businesses: Transition periods are limited to national boundaries. CASPs without existing licenses in certain EU member states are restricted to operating under reverse solicitation rules, which limit their ability to onboard and serve clients.
Strict European Securities and Markets Authority (ESMA) guidelines on reverse solicitation impose significant constraints, including limitations on hashtag#marketing, client communications, and services for both new and existing customers. This creates an unsustainable operating environment for unlicensed CASPs.
Key Takeaways: A MiCA license is not just a regulatory requirement; it is a business imperative. Without it, CASPs face restricted growth and diminished market access within the EU. By securing a license, they gain the ability to operate seamlessly across all 30 EEA countries.
CASPs priority: Compliance must be swift to remain competitive in the evolving EU crypto market.
For tailored advice or assistance in navigating MiCA’s requirements, please do not hesitate to contact us at info@pelaghiaslaw.com
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