MiCA CASP License Application Guide 2025

{ "body": "CASP applicants should choose their home member state carefully. Luxembourg, Ireland, and Lithuania have emerged as leading choices due to experienced NCAs, English-language processes, and reasonable timelines. Malta and Cyprus have also processed significant volumes.", "heading": "Choosing Your Home Member State" }

{ "body": "A complete CASP application requires a detailed business plan, AML/CFT policies and procedures manual, IT security documentation including penetration test results, management fitness and propriety questionnaires, and proof of meeting capital requirements.", "heading": "Application Documentation" }

{ "body": "NCAs have 3 months to grant or refuse authorization after declaring the application complete. Most applicants experience 4-6 months from submission to approval. Total costs including legal fees, compliance consulting, and NCA fees typically range from EUR 200,000 to EUR 500,000.", "heading": "Timeline and Costs" }