With the EU’s MiCA regulation now in effect, crypto companies face a new legal landscape:
two parallel regulatory crypto licensing frameworks are now available — VASP and CASP.
VASP (Virtual Asset Service Provider) — applies to activities not covered by MiCA, including:
• P2P crypto trading
• NFT marketplaces
• Basic non-custodial wallets
CASP (Crypto Asset Service Provider) — falls under MiCA and is required for:
• Custody of crypto assets
• Centralized exchanges
• Issuance and offering of crypto assets
The Czech Republic offers a uniquely flexible approach: companies can choose the regulatory regime that fits their business model, or operate both in parallel — using VASP for innovative, lightly regulated services and CASP for compliance-heavy operations
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From VASP to CASPWith MiCA enforcement underway, now is a critical window for businesses to prepare. CASP licensing will soon become mandatory for regulated services. Early movers will benefit from:
✔️ Regulatory certainty
✔️ Faster approval timelines
✔️ Stronger trust from investors and clients
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How We Support YouAdam Smith Law Office offers
end-to-end legal support for entering the EU crypto market via the Czech Republic:
• Formation and structuring of Czech legal entities
• Turnkey VASP or CASP licensing (including ready-made companies)
• Design of parallel VASP + CASP structures
• Documentation and regulatory transition for MiCA compliance
• Ongoing compliance and legal maintenance
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More info about MiCA crypto licensing in the Czech Republic:
https://adamsmith.lt/en/crypto-license/czech-republic/Whether you’re launching a new crypto venture or adapting your current operations to MiCA, now is the time to take action.
Our telegram: @AdamSmithLT
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