To apply for a CASP (Crypto Asset Service Provider) license under the Czech MiCA framework, a limited liability company (společnost s ručením omezeným – s.r.o.) must be incorporated in the Czech Republic.
The minimum share capital depends on the scope of services, with most CASPs offering exchange and/or wallet services expected to fall under MiCA Class 2 (€125,000) or Class 3 (€150,000). The regulator may require a higher amount based on the projected operational costs. The capital must be fully paid in monetary form and deposited with a bank account in the European Economic Area (EEA). Company formation can typically be completed within 10 business days after submission of all documentation. Our process starts with reviewing the business model and corporate structure to confirm the applicable license class and capital requirements.
All MiCA CASP license applicants must meet local substance requirements, including but not limited to maintaining a physical office in the Czech Republic, appointing at least one Czech resident director, and engaging a local resident AML compliance officer (including MLRO) who meets professional experience and fit-and-proper standards. Depending on the activity scope, additional roles such as internal and external auditors may be required. Policies must cover KYC/KYT, client asset segregation and key management, outsourcing oversight, conflict-of-interest, marketing disclosures, and Travel Rule implementation for crypto transfers. ICT governance and operational resilience must be documented (including third-party arrangements and incident/business-continuity testing). We provide assistance with sourcing qualified local personnel and setting up the necessary operational infrastructure to satisfy the regulator’s requirements.
The Czech National Bank (ČNB) expects a complete application package and follows statutory decision timelines; however, in practice, firms should plan for iterative information requests and longer end-to-end processing. Once licensed, a CASP must operate a robust compliance framework covering KYC and KYT procedures in line with Czech and EU rules. The ČNB, as the competent authority under MiCA, supervises CASPs and can carry out audits, request detailed transaction reports, and review internal AML procedures. On-site inspections at the company’s Czech office may also be conducted to assess operational readiness and staff competence. Our legal and compliance team offers ongoing advisory services to ensure your business remains compliant with MiCA and AML obligations throughout its operations.
The Czech Republic offers a regulated legal environment for Crypto Asset Service Providers (CASPs) under the EU’s Markets in Crypto-Assets (MiCA) regulation. The national VASP regime, introduced in 2021, served as a foundation for MiCA implementation. Existing VASPs were required to submit their CASP license applications to the new regulator The Czech National Bank by July 31st 2025 to benefit from the transition period allowing operations until July 1st 2026.