# MiCA Requirements

> MiCA licence requirements by activity: CASP authorisation under Article 63, asset-referenced tokens, e-money tokens. The transitional regime ended 1 July 2026.

## Key facts

- MiCA regulates ten crypto-asset services, listed in Article 3(1)(16): custody and administration, operating a trading platform, exchange for funds, exchange for other crypto-assets, execution of orders, placing, reception and transmission of orders, advice, portfolio management and transfer services.
- Permanent minimum capital for a crypto-asset service provider is EUR 50,000, EUR 125,000 or EUR 150,000 depending on the class of services in Annex IV, or one quarter of the preceding year's fixed overheads if that is higher (Article 67).
- The MiCA transitional regime in Article 143(3) ran out on 1 July 2026 at the latest, and member states were free to shorten it: ESMA's published list records national periods of 6, 9, 12 and 18 months from 30 December 2024.

## Key pages

- [MiCA licence requirements: what does MiCA require of you?](https://micarequirements.com/): the main tool, answer above the fold.
- [MiCA licensing requirements: what an application has to contain](https://micarequirements.com/mica-licensing-requirements/): MiCA application requirements under Article 62 and Delegated Regulation (EU) 2025/305: the 19 information items, the fit and proper proofs, and the statutory clock.
- [MiCA grandfathering: the transitional period ended on 1 July 2026](https://micarequirements.com/mica-transitional-period/): Article 143(3) let existing providers trade on until 1 July 2026 at the latest, and states could shorten it. ESMA published the national periods: 6, 9, 12 or 18 months.
- [MiCA licence register: how to check a firm is actually authorised](https://micarequirements.com/mica-licence-register/): Article 109 requires ESMA to keep a public register of white papers, token issuers and authorised CASPs, plus a register of non-compliant entities under Article 110.
- [MiCA requirements by activity: route, articles and capital](https://micarequirements.com/#data): original data table, updated 2026-08-15.
- [Full site content as markdown](https://micarequirements.com/llms-full.txt)

## Data

- MiCA requirements by activity: route, articles and capital. Methodology: Compiled from Regulation (EU) 2023/1114 as published in the Official Journal, read on 15 August 2026: Titles II to V and Annex IV. Capital figures are the Regulation's own minimums, not estimates. Application fees are set nationally and are not in the Regulation; they vary by member state.
- Last updated: 2026-08-15. Every figure cites its source inline.
- Source: Regulation (EU) 2023/1114 on markets in crypto-assets (MiCA), consolidated Official Journal text: https://eur-lex.europa.eu/eli/reg/2023/1114/oj/eng
- Source: Commission Delegated Regulation (EU) 2025/305, RTS on the information in a CASP application: https://eur-lex.europa.eu/eli/reg_del/2025/305/oj/eng
- Source: ESMA, list of grandfathering periods under Article 143(3): https://www.esma.europa.eu/sites/default/files/2024-12/List_of_MiCA_grandfathering_periods_art._143_3.pdf
- Source: ESMA, MiCA overview and Level 2 and Level 3 measures: https://www.esma.europa.eu/esmas-activities/digital-finance-and-innovation/markets-crypto-assets-regulation-mica
- Source: ESMA, databases and registers (MiCA register): https://www.esma.europa.eu/publications-and-data/databases-and-registers
- Source: EBA, asset-referenced and e-money tokens under MiCA: https://www.eba.europa.eu/regulation-and-policy/asset-referenced-and-e-money-tokens-mica
- Source: ESMA statement on the end of the MiCA transitional period, June 2026 (via AMF): https://www.amf-france.org/en/news-publications/news/end-mica-transitional-period-esma-sets-out-its-expectations-professionals-and-warns-retail-investors

## Citation

Cite as: "MiCA requirements by activity: route, articles and capital", MiCA Requirements, https://micarequirements.com/ (updated 2026-08-15).

## About

- MiCA Requirements is an information site. We are not a law firm, we are not authorised or registered by any regulator, and we are not affiliated with or endorsed by ESMA, the EBA, the European Commission or any national competent authority. Nothing here is legal or regulatory advice: MiCA classification and authorisation turn on facts a questionnaire cannot see, so confirm your position with a qualified adviser or your competent authority before acting.
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