ESMA_QA_2343
Status: ✅ Answer Published
Regulatory Context
Level 1 Regulation: MiCA
Topic: Crypto-Asset Service Provider (CASP)
Subject Matter: Minimum capital requirements for CASPs
Question
Submission Date: 15-11-2024
What are the minimum capital requirements applicable to CASPs providing (i) only crypto-asset services listed under either Class 2 or Class 3, or (ii) providing crypto- asset services listed under Class 1 and Class 3 of Annex 4 of MiCA?
12-12-2024
Original language
The minimum capital requirement applicable to a CASP should be the one applicable to whichever of its services requires the higher minimum capital requirement.
In particular:
The minimum capital requirements applicable to a CASP authorised to provide only one or several crypto-asset services belonging to the same Annex 4 “Class” of crypto-asset service – should be:
If the crypto-asset service(s) is/are listed in Class 2 of Annex 4, EUR 125 000;
If the crypto-asset service(s) is/are listed in Class 3 of Annex 4, EUR 150 000.
The minimum capital requirement applicable to a CASP authorised to provide both Class 1 and Class 3 services should be EUR 150 000.
ESMA Answer
Answer Date: 12-12-2024
The minimum capital requirement applicable to a CASP should be the one applicable to whichever of its services requires the higher minimum capital requirement.
In particular:
The minimum capital requirements applicable to a CASP authorised to provide only one or several crypto-asset services belonging to the same Annex 4 “Class” of crypto-asset service – should be:
If the crypto-asset service(s) is/are listed in Class 2 of Annex 4, EUR 125 000;
If the crypto-asset service(s) is/are listed in Class 3 of Annex 4, EUR 150 000.
The minimum capital requirement applicable to a CASP authorised to provide both Class 1 and Class 3 services should be EUR 150 000.
This document was automatically extracted from the ESMA EMIR Q&A database.