CASP AML
The Transition Period Has Ended
The MiCA transition was designed to give certain existing crypto-asset businesses time to move from national frameworks into the new EU framework.
Article 143(3) allowed qualifying CASPs that were providing services in accordance with applicable law before 30 December 2024 to continue under transitional arrangements until 1 July 2026 at the latest, or until authorisation was granted or refused, whichever occurred sooner. Member States could shorten or remove the transition.
What Changed on 1 July 2026?
The maximum EU transition date has now passed.
The CSSF has advised consumers that providers are no longer permitted to offer relevant services without CASP authorisation from 1 July 2026, subject to the applicable legal framework.
What Should Users Check?
1. Legal entity
What is the company's exact legal name?
2. Jurisdiction
Where is it established?
3. Regulator
Which competent authority is responsible?
4. Authorisation
Does the provider appear in the relevant official register?
5. Services
Are the services offered consistent with the regulatory status?
6. Public claims
Does the company accurately describe its regulatory position?
Third-Country Providers
Third-country firms that actively offer crypto-asset services to EU clients may require EU authorisation. The MiCA framework provides a narrow exception for services initiated exclusively by the client, subject to the conditions of Article 61; this should not be treated as a general marketing route into the EU.
Check a Provider's Regulatory Status →
WHAT HAPPENS WHEN A CASP CAN NO LONGER PROVIDE ITS SERVICES?
Understand the process. Know what happens next.
If a Crypto-Asset Service Provider (CASP) can no longer provide certain services due to a change, suspension, withdrawal or expiry of its regulatory authorisation, affected clients may need to follow a regulated transition or closure process.
What Happens Next?
01 — Licence Withdrawn The CASP's authorisation is withdrawn, suspended, expires or no longer permits the relevant services.
02 — Process Begins The applicable regulatory and operational transition process begins.
03 — You Are Informed Affected clients receive information about the status of their account and available next steps.
04 — You Receive Instructions Clients receive instructions concerning withdrawals, transfers, account closure or other required actions.
05 — You Take Action Where required, clients complete the necessary verification, documentation or transfer instructions.
06 — Assets Are Returned or Transferred Subject to applicable legal, regulatory and operational requirements, client assets may be returned or transferred to an appropriately authorised provider.
07 — Account Is Closed or Transitioned The existing account is closed or, where legally and operationally permitted, the client relationship is transitioned to an appropriately authorised CASP or regulated financial institution.
A Clearer Path Through Regulatory Change
Regulatory changes can affect how crypto-asset services are provided. Understanding the process helps clients make informed decisions and follow the appropriate steps to protect and manage their assets.
Verify. Understand. Transition.