Why CASP License has become a mandatory step for crypto business in the EU
Why CASP License has become a mandatory step for crypto business in the EU
Cryptocurrency regulation in Europe has become stricter, and now every business working with digital assets must comply with the new rules. In 2023, MiCA regulations came into force, which require all crypto service providers to obtain a casp license. This document not only legalizes the activity, but also opens access to the markets of all EU countries, ensuring customer confidence and protection from legal risks.
CASP License regulates a wide range of services - from the exchange of crypto assets and storage of customer funds to working with trading platforms. Obtaining license requires the preparation of documents, compliance with AML and KYC requirements, as well as confirmation of the company's reliability.
Companies that undergo licensing in a timely manner gain a competitive advantage. In the context of growing competition in the crypto market, this is becoming not just formality, but a strategic step for long-term success.