{ "name": "micarequirements.com MiCA Authorisation Requirements", "title": "MiCA Authorisation Requirements", "url": "https://micarequirements.com/datasets/mica-authorisation-requirements/", "csv": "https://micarequirements.com/datasets/mica-authorisation-requirements.csv", "markdown": "https://micarequirements.com/datasets/mica-authorisation-requirements/index.md", "computed_at": "2026-11-14", "license": "https://micarequirements.com/terms", "headline": "The MiCA Authorisation Requirements carries 7 published figures read from 3 sources' own pages; the 6 published figures given by requirement run from 3 to 12 month, read 11 November 2026.", "quotes": [ "The MiCA Authorisation Requirements carries 7 published figures read from 3 sources' own pages; the 6 published figures given by requirement run from 3 to 12 month, read 11 November 2026.", "3 of the 8 named sources read in full publish a figure; 5 publish none, read 11 November 2026.", "MiCA Authorisation Requirements, requirement fixed-overheads test, projected overheads for firms under one year (Article 67): median 12 month across 1 source, read 11 November 2026.", "MiCA Authorisation Requirements, requirement authorisation (withdrawal if unused within 12 months): median 12 month across 1 source, read 11 November 2026.", "MiCA Authorisation Requirements, requirement prudential (projected fixed overheads for firms under one year): median 12 month across 1 source, read 11 November 2026.", "MiCA Authorisation Requirements, requirement governance (record retention): median 5 year across 1 source, read 11 November 2026.", "MiCA Authorisation Requirements, requirement custody (statement of position): median 3 month across 1 source, read 11 November 2026.", "MiCA Authorisation Requirements, requirement authorisation lapses if unused (Article 64): median 12 month across 1 source, read 11 November 2026.", "MiCA Authorisation Requirements, requirement projected fixed overheads for firms under one year (Article 67): median 1 year across 1 source, read 11 November 2026.", "MiCA Authorisation Requirements, requirement governance record retention (Article 68): median 5 year across 1 source, read 11 November 2026.", "MiCA Authorisation Requirements, requirement custody client statement frequency (Article 75): median 3 month across 1 source, read 11 November 2026.", "MiCA Authorisation Requirements, effective date 2026-07-01: median 18 month across 1 source, read 11 November 2026.", "MiCA Authorisation Requirements, CASP class Class 1: median 50,000 EUR across 3 sources, read 11 November 2026.", "MiCA Authorisation Requirements, CASP class Class 2: median 125,000 EUR across 2 sources, read 11 November 2026.", "MiCA Authorisation Requirements, CASP class Class 3: median 150,000 EUR across 2 sources, read 11 November 2026." ], "citation": "\"micarequirements.com MiCA Authorisation Requirements\", updated 2026-11-14, https://micarequirements.com/datasets/mica-authorisation-requirements/.", "changed_since": null, "national": { "unit": "month", "n": 7, "median": 12, "min": 3, "max": 18, "p25": 3, "p75": 12, "mean": 10.2857, "units": { "EUR": 7, "month": 7, "year": 3 }, "published_sources": 3, "named_sources": 8, "read_sources": 8, "not_published": 5, "published_share": 0.375 }, "by_axis": { "requirement": { "fixed-overheads test, projected overheads for firms under one year (Article 67)": { "month": { "n": 1, "median": 12, "min": 12, "max": 12, "p25": 12, "p75": 12, "mean": 12 } }, "authorisation (withdrawal if unused within 12 months)": { "month": { "n": 1, "median": 12, "min": 12, "max": 12, "p25": 12, "p75": 12, "mean": 12 } }, "prudential (projected fixed overheads for firms under one year)": { "month": { "n": 1, "median": 12, "min": 12, "max": 12, "p25": 12, "p75": 12, "mean": 12 } }, "governance (record retention)": { "year": { "n": 1, "median": 5, "min": 5, "max": 5, "p25": 5, "p75": 5, "mean": 5 } }, "custody (statement of position)": { "month": { "n": 1, "median": 3, "min": 3, "max": 3, "p25": 3, "p75": 3, "mean": 3 } }, "authorisation lapses if unused (Article 64)": { "month": { "n": 1, "median": 12, "min": 12, "max": 12, "p25": 12, "p75": 12, "mean": 12 } }, "projected fixed overheads for firms under one year (Article 67)": { "year": { "n": 1, "median": 1, "min": 1, "max": 1, "p25": 1, "p75": 1, "mean": 1 } }, "governance record retention (Article 68)": { "year": { "n": 1, "median": 5, "min": 5, "max": 5, "p25": 5, "p75": 5, "mean": 5 } }, "custody client statement frequency (Article 75)": { "month": { "n": 1, "median": 3, "min": 3, "max": 3, "p25": 3, "p75": 3, "mean": 3 } } }, "effective date": { "2026-07-01": { "month": { "n": 1, "median": 18, "min": 18, "max": 18, "p25": 18, "p75": 18, "mean": 18 } } }, "CASP class": { "Class 1": { "EUR": { "n": 3, "median": 50000, "min": 50000, "max": 50000, "p25": 50000, "p75": 50000, "mean": 50000 } }, "Class 2": { "EUR": { "n": 2, "median": 125000, "min": 125000, "max": 125000, "p25": null, "p75": null, "mean": 125000 } }, "Class 3": { "EUR": { "n": 2, "median": 150000, "min": 150000, "max": 150000, "p25": null, "p75": null, "mean": 150000 } } } }, "rows": [ { "source": "Regulation (EU) 2023/1114 (MiCA), consolidated text on EUR-Lex", "url": "https://eur-lex.europa.eu/legal-content/EN/TXT/?uri=CELEX%3A32023R1114", "figure": "12 months", "value": 12, "unit": "month", "vat": null, "axis": { "requirement": "fixed-overheads test, projected overheads for firms under one year (Article 67)" }, "retrieved_at": "2026-11-07", "quote": "one quarter of the fixed overheads of the preceding year, reviewed annually. Crypto-asset service providers that have not been in business for one year from the date on which they began providing services shall use, for the calculation referred to in paragraph 1, point (b), the projected fixed overheads included in their projections for the first 12 months of service provision, as submitted with t", "source_class": "primary-government", "text_sha256": "04eecde687852eb2cc8b13712fb9255ae29f08008359212e5eea860f15b51f67" }, { "source": "AMF, the European Markets in Crypto-Assets regulation", "url": "https://www.amf-france.org/en/news-publications/depth/mica", "figure": "18 months", "value": 18, "unit": "month", "vat": null, "axis": { "effective date": "2026-07-01" }, "retrieved_at": "2026-11-11", "quote": "Crypto-asset service providers who can demonstrate that they provided services in accordance with the applicable national law before that date may continue to provide them for a maximum period of 18 months until 1 July 2026.", "source_class": "primary-government", "text_sha256": "eb6abd082592b45f5ae267878f455ea416a9f4b33435464bddbe24a049b3a38c" }, { "source": "AMF, the European Markets in Crypto-Assets regulation", "url": "https://www.amf-france.org/en/news-publications/depth/mica", "figure": "€50k", "value": 50000, "unit": "EUR", "vat": null, "axis": { "CASP class": "Class 1" }, "retrieved_at": "2026-11-11", "quote": "Have prudential safeguards corresponding to the higher of a fixed minimum equity threshold (either €50k, €125k or €150k) depending on the service provided, and a variable minimum threshold of a quarter of the previous year's fixed overheads.", "source_class": "primary-government", "text_sha256": "eb6abd082592b45f5ae267878f455ea416a9f4b33435464bddbe24a049b3a38c" }, { "source": "Regulation (EU) 2023/1114 (MiCA), ELI record", "url": "https://eur-lex.europa.eu/eli/reg/2023/1114/oj/eng", "figure": "12 months", "value": 12, "unit": "month", "vat": null, "axis": { "requirement": "authorisation (withdrawal if unused within 12 months)" }, "retrieved_at": "2026-11-07", "quote": "Competent authorities shall withdraw the authorisation of a crypto-asset service provider if the crypto-asset service provider does any of the following: has not used its authorisation within 12 months of the date of the authorisation;", "source_class": "primary-government", "text_sha256": "04eecde687852eb2cc8b13712fb9255ae29f08008359212e5eea860f15b51f67" }, { "source": "Regulation (EU) 2023/1114 (MiCA), ELI record", "url": "https://eur-lex.europa.eu/eli/reg/2023/1114/oj/eng", "figure": "12 months", "value": 12, "unit": "month", "vat": null, "axis": { "requirement": "prudential (projected fixed overheads for firms under one year)" }, "retrieved_at": "2026-11-07", "quote": "Crypto-asset service providers that have not been in business for one year from the date on which they began providing services shall use, for the calculation referred to in paragraph 1, point (b), the projected fixed overheads included in their projections for the first 12 months of service provision, as submitted with their application for authorisation.", "source_class": "primary-government", "text_sha256": "04eecde687852eb2cc8b13712fb9255ae29f08008359212e5eea860f15b51f67" }, { "source": "Regulation (EU) 2023/1114 (MiCA), ELI record", "url": "https://eur-lex.europa.eu/eli/reg/2023/1114/oj/eng", "figure": "five years", "value": 5, "unit": "year", "vat": null, "axis": { "requirement": "governance (record retention)" }, "retrieved_at": "2026-11-07", "quote": "The records kept pursuant to the first subparagraph shall be provided to clients upon request and shall be kept for a period of five years and, where requested by the competent authority before five years have elapsed, for a period of up to seven years.", "source_class": "primary-government", "text_sha256": "04eecde687852eb2cc8b13712fb9255ae29f08008359212e5eea860f15b51f67" }, { "source": "Regulation (EU) 2023/1114 (MiCA), ELI record", "url": "https://eur-lex.europa.eu/eli/reg/2023/1114/oj/eng", "figure": "three months", "value": 3, "unit": "month", "vat": null, "axis": { "requirement": "custody (statement of position)" }, "retrieved_at": "2026-11-07", "quote": "Crypto-asset service providers providing custody and administration of crypto-assets on behalf of clients shall provide their clients, at least once every three months and at the request of the client concerned, with a statement of position of the crypto-assets recorded in the name of those clients.", "source_class": "primary-government", "text_sha256": "04eecde687852eb2cc8b13712fb9255ae29f08008359212e5eea860f15b51f67" }, { "source": "Regulation (EU) 2023/1114 (MiCA), ELI record", "url": "https://eur-lex.europa.eu/eli/reg/2023/1114/oj/eng", "figure": "EUR 50 000", "value": 50000, "unit": "EUR", "vat": null, "axis": { "CASP class": "Class 1" }, "retrieved_at": "2026-11-07", "quote": "providing portfolio management on crypto-assets. EUR 50 000", "source_class": "primary-government", "text_sha256": "04eecde687852eb2cc8b13712fb9255ae29f08008359212e5eea860f15b51f67" }, { "source": "Regulation (EU) 2023/1114 (MiCA), ELI record", "url": "https://eur-lex.europa.eu/eli/reg/2023/1114/oj/eng", "figure": "EUR 125 000", "value": 125000, "unit": "EUR", "vat": null, "axis": { "CASP class": "Class 2" }, "retrieved_at": "2026-11-07", "quote": "exchange of crypto-assets for other crypto-assets. EUR 125 000", "source_class": "primary-government", "text_sha256": "04eecde687852eb2cc8b13712fb9255ae29f08008359212e5eea860f15b51f67" }, { "source": "Regulation (EU) 2023/1114 (MiCA), ELI record", "url": "https://eur-lex.europa.eu/eli/reg/2023/1114/oj/eng", "figure": "EUR 150 000", "value": 150000, "unit": "EUR", "vat": null, "axis": { "CASP class": "Class 3" }, "retrieved_at": "2026-11-07", "quote": "operation of a trading platform for crypto-assets. EUR 150 000", "source_class": "primary-government", "text_sha256": "04eecde687852eb2cc8b13712fb9255ae29f08008359212e5eea860f15b51f67" }, { "source": "Regulation (EU) 2023/1114 (MiCA), consolidated text on EUR-Lex", "url": "https://eur-lex.europa.eu/legal-content/EN/TXT/?uri=CELEX%3A32023R1114", "figure": "12 months", "value": 12, "unit": "month", "vat": null, "axis": { "requirement": "authorisation lapses if unused (Article 64)" }, "retrieved_at": "2026-11-07", "quote": "Competent authorities shall withdraw the authorisation of a crypto-asset service provider if the crypto-asset service provider does any of the following: has not used its authorisation within 12 months of the date of the authorisation;", "source_class": "primary-government", "text_sha256": "04eecde687852eb2cc8b13712fb9255ae29f08008359212e5eea860f15b51f67" }, { "source": "Regulation (EU) 2023/1114 (MiCA), consolidated text on EUR-Lex", "url": "https://eur-lex.europa.eu/legal-content/EN/TXT/?uri=CELEX%3A32023R1114", "figure": "one year", "value": 1, "unit": "year", "vat": null, "axis": { "requirement": "projected fixed overheads for firms under one year (Article 67)" }, "retrieved_at": "2026-11-07", "quote": "Crypto-asset service providers that have not been in business for one year from the date on which they began providing services shall use, for the calculation referred to in paragraph 1, point (b), the projected fixed overheads included in their projections for the first 12 months of service provision, as submitted with their application for authorisation.", "source_class": "primary-government", "text_sha256": "04eecde687852eb2cc8b13712fb9255ae29f08008359212e5eea860f15b51f67" }, { "source": "Regulation (EU) 2023/1114 (MiCA), consolidated text on EUR-Lex", "url": "https://eur-lex.europa.eu/legal-content/EN/TXT/?uri=CELEX%3A32023R1114", "figure": "five years", "value": 5, "unit": "year", "vat": null, "axis": { "requirement": "governance record retention (Article 68)" }, "retrieved_at": "2026-11-07", "quote": "The records kept pursuant to the first subparagraph shall be provided to clients upon request and shall be kept for a period of five years and, where requested by the competent authority before five years have elapsed, for a period of up to seven years.", "source_class": "primary-government", "text_sha256": "04eecde687852eb2cc8b13712fb9255ae29f08008359212e5eea860f15b51f67" }, { "source": "Regulation (EU) 2023/1114 (MiCA), consolidated text on EUR-Lex", "url": "https://eur-lex.europa.eu/legal-content/EN/TXT/?uri=CELEX%3A32023R1114", "figure": "three months", "value": 3, "unit": "month", "vat": null, "axis": { "requirement": "custody client statement frequency (Article 75)" }, "retrieved_at": "2026-11-07", "quote": "Crypto-asset service providers providing custody and administration of crypto-assets on behalf of clients shall provide their clients, at least once every three months and at the request of the client concerned, with a statement of position of the crypto-assets recorded in the name of those clients.", "source_class": "primary-government", "text_sha256": "04eecde687852eb2cc8b13712fb9255ae29f08008359212e5eea860f15b51f67" }, { "source": "Regulation (EU) 2023/1114 (MiCA), consolidated text on EUR-Lex", "url": "https://eur-lex.europa.eu/legal-content/EN/TXT/?uri=CELEX%3A32023R1114", "figure": "EUR 50 000", "value": 50000, "unit": "EUR", "vat": null, "axis": { "CASP class": "Class 1" }, "retrieved_at": "2026-11-07", "quote": "providing portfolio management on crypto-assets. EUR 50 000", "source_class": "primary-government", "text_sha256": "04eecde687852eb2cc8b13712fb9255ae29f08008359212e5eea860f15b51f67" }, { "source": "Regulation (EU) 2023/1114 (MiCA), consolidated text on EUR-Lex", "url": "https://eur-lex.europa.eu/legal-content/EN/TXT/?uri=CELEX%3A32023R1114", "figure": "EUR 125 000", "value": 125000, "unit": "EUR", "vat": null, "axis": { "CASP class": "Class 2" }, "retrieved_at": "2026-11-07", "quote": "exchange of crypto-assets for other crypto-assets. EUR 125 000", "source_class": "primary-government", "text_sha256": "04eecde687852eb2cc8b13712fb9255ae29f08008359212e5eea860f15b51f67" }, { "source": "Regulation (EU) 2023/1114 (MiCA), consolidated text on EUR-Lex", "url": "https://eur-lex.europa.eu/legal-content/EN/TXT/?uri=CELEX%3A32023R1114", "figure": "EUR 150 000", "value": 150000, "unit": "EUR", "vat": null, "axis": { "CASP class": "Class 3" }, "retrieved_at": "2026-11-07", "quote": "operation of a trading platform for crypto-assets. EUR 150 000", "source_class": "primary-government", "text_sha256": "04eecde687852eb2cc8b13712fb9255ae29f08008359212e5eea860f15b51f67" } ], "not_published": [ { "source": "ESMA, Markets in Crypto-Assets Regulation (MiCA)", "url": "https://www.esma.europa.eu/esmas-activities/digital-finance-and-innovation/markets-crypto-assets-regulation-mica", "retrieved_at": "2026-11-07", "reason": "read in full and no accepted figure on the page" }, { "source": "ESMA, interactive single rulebook: MiCA", "url": "https://www.esma.europa.eu/publications-and-data/interactive-single-rulebook/mica", "retrieved_at": "2026-10-31", "reason": "read in full and no accepted figure on the page" }, { "source": "AMF, MiCA: now accepting applications for authorisation as a CASP", "url": "https://www.amf-france.org/en/news-publications/news/mica-regulation-amf-now-accepting-applications-authorisation-casp", "retrieved_at": "2026-11-11", "reason": "every candidate on the page was refused" }, { "source": "FSMA (Belgium), crypto-asset service provider (CASP)", "url": "https://www.fsma.be/en/crypto-asset-service-provider-casp", "retrieved_at": "2026-09-11", "reason": "every candidate on the page was refused" }, { "source": "ESMA, statement on the end of transitional periods under MiCA", "url": "https://www.esma.europa.eu/sites/default/files/2026-04/ESMA75-113276571-1679_Statement_on_the_end_of_transitional_periods_under_MiCA.pdf", "retrieved_at": "2026-09-12", "reason": "read in full and no accepted figure on the page" } ], "sources": [ { "url": "https://eur-lex.europa.eu/legal-content/EN/TXT/?uri=CELEX%3A32023R1114", "label": "Regulation (EU) 2023/1114 (MiCA), consolidated text on EUR-Lex", "license": "the publisher's own terms; quoted for reporting and comment" }, { "url": "https://eur-lex.europa.eu/eli/reg/2023/1114/oj/eng", "label": "Regulation (EU) 2023/1114 (MiCA), ELI record", "license": "the publisher's own terms; quoted for reporting and comment" }, { "url": "https://www.esma.europa.eu/esmas-activities/digital-finance-and-innovation/markets-crypto-assets-regulation-mica", "label": "ESMA, Markets in Crypto-Assets Regulation (MiCA)", "license": "the publisher's own terms; quoted for reporting and comment" }, { "url": "https://www.esma.europa.eu/publications-and-data/interactive-single-rulebook/mica", "label": "ESMA, interactive single rulebook: MiCA", "license": "the publisher's own terms; quoted for reporting and comment" }, { "url": "https://www.amf-france.org/en/news-publications/depth/mica", "label": "AMF, the European Markets in Crypto-Assets regulation", "license": "the publisher's own terms; quoted for reporting and comment" }, { "url": "https://www.amf-france.org/en/news-publications/news/mica-regulation-amf-now-accepting-applications-authorisation-casp", "label": "AMF, MiCA: now accepting applications for authorisation as a CASP", "license": "the publisher's own terms; quoted for reporting and comment" }, { "url": "https://www.fsma.be/en/crypto-asset-service-provider-casp", "label": "FSMA (Belgium), crypto-asset service provider (CASP)", "license": "the publisher's own terms; quoted for reporting and comment" }, { "url": "https://www.esma.europa.eu/sites/default/files/2026-04/ESMA75-113276571-1679_Statement_on_the_end_of_transitional_periods_under_MiCA.pdf", "label": "ESMA, statement on the end of transitional periods under MiCA", "license": "the publisher's own terms; quoted for reporting and comment" } ], "methodology": "Every row is a verbatim sentence read from the named source's own page through our fetch service on the date shown, hash-pinned to the stored read (the sha of the page's visible text; the raw page is mirrored to R2). 3 of the 8 named sources that could be read published a usable figure; 5 published none and are recorded as not published, never filled in; 0 could not be read (blocked, dead or unreachable) and count nowhere. The headline figures (median, minimum, maximum, quartiles) are over ONE figure per source for each breakdown it prices, in month (a source's median where its page yielded several accepted sentences for one breakdown), so a page that gives figures for several breakdowns gives one for each and N counts 7 figures, never sentences; 214 candidate sentence(s) were refused by a reviewer with the reason recorded. The fuller derivation this dataset is chartered to grow into (not yet what the figures above are; they are each source's own published figure as read): one row per requirement per CASP class holding the threshold as enacted and the article that sets it: the minimum own funds by class (Class 1, 2 and 3), the alternative one-quarter-of-fixed-overheads test and which of the two binds at a given cost base, the governance, custody, complaints and prudential conditions, and the authorisation timetable in working days. The derived figure the market does not publish is the BINDING CAPITAL: for a firm of a stated annual fixed overhead, which of the two Article 67 tests applies and by how much - the Regulation states both tests and never the crossover, which is the only number a firm planning a raise actually needs", "embed": "

3 to 12 month

6 of 7 published figures (requirement), MiCA Authorisation Requirements, across 3 sources, read 11 November 2026

Source: micarequirements.com MiCA Authorisation Requirements
" }