ESMA_QA_2343

Status: ✅ Answer Published

Link to ESMA Q&A tool: https://www.esma.europa.eu/publications-data/questions-answers/2343

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Regulatory Context

Regulation : MICA

Level 1 Regulation: MiCA

Level 2 Regulation: No information available

Level 3 Regulation: No information available

Topic: Crypto-Asset Service Provider (CASP)

Subject Matter: Minimum capital requirements for CASPs

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Question

Submission Date: 15 November 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?

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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.

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This document was automatically extracted from the ESMA EMIR Q&A database.