MiCA changed the licensing regime for Estonian crypto businesses in 2026. Existing VASPs must transition to a CASP authorisation by mid-year.
Capital requirements
Initial capital ranges from €50,000 (advisory) to €150,000 (custody / trading platform). Own-funds buffers are mandatory thereafter.
Governance & substance
At least one Estonia-resident director, internal audit, AML officer, and a compliance program approved by the FIU.
Migration roadmap
Existing VASPs file a transition application with the regulator; new entrants follow the standard CASP track. Average decision time: 4–6 months.
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