| Status | Open Transitional period ended on 1 July 2026; only full authorisation counts | Open Transitional period ended on 1 July 2026; only full authorisation counts | Open Transitional period ended on 1 July 2026; only full authorisation counts |
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| Regulator | Czech National Bank (ČNB) | Croatian Financial Services Supervisory Agency (HANFA) | Malta Financial Services Authority (MFSA) |
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| Estimated timeline | 6–12 months | 6–12 months | 6–12 months |
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| Key facts | - Minimum own funds (permanent capital)€50,000, €125,000 or €150,000 depending on the class of crypto-asset services ↗
- End of transitional period (EU)1 July 2026: only authorised CASPs may provide services ↗
- PassportingAuthorisation allows services across the EU/EEA after notification ↗
| - Minimum own funds (permanent capital)€50,000, €125,000 or €150,000 depending on the class of crypto-asset services ↗
- End of transitional period (EU)1 July 2026: only authorised CASPs may provide services ↗
- PassportingAuthorisation allows services across the EU/EEA after notification ↗
- First HANFA CASP authorisation9 April 2026: Electrocoin d.o.o. ↗
| - Minimum own funds (permanent capital)€50,000, €125,000 or €150,000 depending on the class of crypto-asset services ↗
- End of transitional period (EU)1 July 2026: only authorised CASPs may provide services ↗
- PassportingAuthorisation allows services across the EU/EEA after notification ↗
- ESMA peer review of the MFSAJuly 2025: good resources and supervisory engagement, with areas for improvement in assessing authorisations ↗
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| Substance | - Management body with sufficient good repute, knowledge and time commitment (MiCA Art. 68)
- Registered office in Czechia, place of effective management in the EU and at least one EU-resident director (MiCA Art. 59(2))
- AML/CFT compliance function and contact person under the Czech AML Act
- ICT risk-management framework under DORA
| - Management body with sufficient good repute, knowledge and time commitment (MiCA Art. 68)
- Registered office in Croatia, place of effective management in the EU and at least one EU-resident director (MiCA Art. 59(2))
- AML/CFT compliance function under the Croatian AML law
- ICT risk-management framework under DORA
| - Management body with sufficient good repute, knowledge and time commitment (MiCA Art. 68)
- Registered office in Malta, place of effective management in the EU and at least one EU-resident director (MiCA Art. 59(2))
- AML/CFT compliance function and MLRO under Maltese AML rules
- ICT risk-management framework under DORA
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| Reality check | Grandfathering is over. Plan for 6 to 12 months or more after a complete file, with real people in Czechia, not nominees. | HANFA's MiCA track record only started in April 2026. Expect a careful, document-heavy review and plan for real people in Croatia. | A Maltese VFA licence did not become a MiCA authorisation by itself. Expect the MFSA to test real governance in Malta, not paper structures. |
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| Full page → | Full page → | Full page → |
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