Updated 04/02/2025
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Initial Legal Act
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There is currently no Level 2 legal act based on or specifying ANNEX IV.
QA2343 - Crypto-Asset Service Provider (CASP)
Status: Final
Answered: 12/12/2024
Annex 4
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MiCAR ToolMarkets in Crypto-Assets Regulation (MiCAR)
ANNEX IV

ANNEX IV - Regulation 2023/1114 (MiCAR)

ANNEX IV

MINIMUM CAPITAL REQUIREMENTS FOR CRYPTO-ASSET SERVICE PROVIDERS

Crypto-asset service providers

Type of crypto-asset services

Minimum capital requirements under Article 67(1), point (a)

Class 1

Crypto-asset service provider authorised for the following crypto-asset services:

—

execution of orders on behalf of clients;

—

placing of crypto-assets;

—

providing transfer services for crypto-assets on behalf of clients;

—

reception and transmission of orders for crypto-assets on behalf of clients;

—

providing advice on crypto-assets; and/or

—

providing portfolio management on crypto-assets.

EUR 50 000

Class 2

Crypto-asset service provider authorised for any crypto-asset services under class 1 and:

—

providing custody and administration of crypto-assets on behalf of clients;

—

exchange of crypto-assets for funds; and/or

—

exchange of crypto-assets for other crypto-assets.

EUR 125 000

Class 3

Crypto-asset service provider authorised for any crypto-asset services under class 2 and:

—

operation of a trading platform for crypto-assets.

EUR 150 000