REGULATED SERVICES
Crypto-Asset Service Providers
CASP stands for Crypto-Asset Service Provider.
Verify a CASPTHE CONTEXT
Overview
Under Article 3(1)(15) of MiCA, a CASP is a legal person or other undertaking whose professional business is providing one or more crypto-asset services to clients and which is authorised to provide those services under MiCA.
02 / CASP
Examples of Crypto-Asset Services
Depending on the applicable authorisation, services may include:
- Custody and administration of crypto-assets
- Operation of a trading platform
- Exchange of crypto-assets for funds
- Exchange of crypto-assets for other crypto-assets
- Execution of orders
- Placement of crypto-assets
- Reception and transmission of orders
- Advice on crypto-assets
- Portfolio management
- Transfer services on behalf of clients
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Not Every Crypto Company Is Automatically a CASP
Using terms such as "crypto", "digital assets", "Web3" or "MiCA compliant" does not by itself establish regulatory status.
The relevant legal entity, activities, jurisdiction and authorisation should be verified through appropriate official sources.
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Authorisation
MiCA generally requires persons providing crypto-asset services in the Union to be authorised as CASPs or to fall within an applicable route for certain already-regulated financial entities.
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Verification
ESMA maintains an EU-level MiCA register, while national authorities maintain relevant national information and registers.
THE CONNECTED FRAMEWORK