CASP authorization refers to the formal approval granted to Crypto-Asset Service Providers by regulatory authorities to operate legally within a jurisdiction. This permission confirms that the entity meets specific legal, financial, and operational standards. It typically involves a rigorous application process demonstrating adherence to AML, KYC, and consumer protection laws. Obtaining authorization is essential for market legitimacy and public trust.
Context
The European Union’s Markets in Crypto-Assets (MiCA) regulation significantly impacts CASP authorization, establishing a unified licensing regime across member states. The current situation involves numerous crypto businesses seeking to secure these authorizations to continue operations. A critical future development involves other global jurisdictions adopting similar comprehensive licensing frameworks for digital asset service providers.
The expiration of national transitional regimes mandates immediate MiCA licensing, fundamentally shifting CASP operational risk from ambiguity to direct non-compliance exposure.
We use cookies to personalize content and marketing, and to analyze our traffic. This helps us maintain the quality of our free resources. manage your preferences below.
Detailed Cookie Preferences
This helps support our free resources through personalized marketing efforts and promotions.
Analytics cookies help us understand how visitors interact with our website, improving user experience and website performance.
Personalization cookies enable us to customize the content and features of our site based on your interactions, offering a more tailored experience.
