# VASP License in Europe

A VASP licence is the approval to provide virtual asset services (exchange, custody, transfer, brokerage) legally. Since 30 December 2024, MiCA replaced national VASP registers with a single passportable **CASP** authorisation. In practice, getting a VASP licence in Europe in 2026 means obtaining a CASP authorisation under MiCA.

## Key facts
- **One licence, 27 markets** — a CASP authorisation passports across the EU/EEA.
- **Capital tiers** — EUR 50,000 / 125,000 / 150,000 depending on services.
- **Timeline** — plan 4-9 months including preparation, local substance, and the national competent authority's assessment.
- **Transitional deadline** — existing VASPs are grandfathered until, at the latest, ~1 July 2026 (shorter in several states).

Regulated by ESMA and the EBA at EU level, and by national competent authorities (BaFin, AMF, CySEC, MFSA and others) at member-state level. We handle jurisdiction choice, the application, and the compliance pack end to end.