ESMA_QA_2343
15/11/2024
Subject Matter
Minimum capital requirements for CASPs
    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?
    ESMA Answer
    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.  

      Status: Answer Published

      Additional Information

      Level 1 Regulation
      MiCA
      Topic
      Crypto-Asset Service Provider (CASP)