Advice on crypto-assets
Providing personalised recommendations to a client regarding crypto-asset transactions or services requires a crypto-asset service provider (CASP) authorisation under MiCA Article 3(1)(16)(h) and 3(1)(24). EU authorisation grants passporting rights across all member states. Firms must perform suitability assessments, evaluate client risk tolerance and disclose conflicts of interest before delivering recommendations.
Definition
Giving personalised recommendations to a client about transactions in crypto-assets or the use of crypto-asset services.
- MiCA, Art. 3(1)(16)(h) and 3(1)(24): official text
Which licence you need
Licence families that typically permit this activity:
- CASP · Cyprus
Notification by financial entities providing crypto-asset services under MiCAR Article 60
CySEC
- CASP · Cyprus
Crypto-Asset Service Provider (CASP) authorisation under MiCAR Article 63
CySEC
- CASP · Czech Republic
Crypto-Asset Service Provider authorisation under MiCA and Act No. 31/2025 Coll. (povolení k činnosti poskytovatele služeb souvisejících s kryptoaktivy)
CNB
- VASP · Dubai (VARA)
Virtual Asset Advisory Services Licence
VARA
- CASP · Estonia
Authorisation to operate as a crypto-asset service provider under MiCA
FI
- CASP · France
Prestataire de services sur crypto-actifs (PSCA) / Crypto-asset service provider authorization under EU MiCA Regulation
AMF
- CASP · Germany
Crypto-asset service provider licence (Zulassung als Anbieter von Kryptowerte-Dienstleistungen nach Art. 59 MiCAR / KMAG)
BaFin
- CASP · Ireland
Crypto-Asset Service Provider Authorisation
CBI
- CASP · Italy
Fornitore di servizi per le cripto-attività / Crypto-asset service provider (CASP) authorization
CONSOB
- CASP · Latvia
Crypto-asset service provider licence under MiCA
LB
- CASP · Lithuania
Crypto-asset service provider licence
LB
- CASP · Luxembourg
Crypto-asset service provider authorisation under MiCA Regulation
CSSF
- CASP · Malta
Crypto-Asset Service Provider authorisation under Regulation (EU) 2023/1114
MFSA
- CASP · Netherlands
Crypto-Asset Service Provider (CASP) authorisation under Regulation (EU) 2023/1114 (MiCA)
AFM
- CASP · Poland
Crypto-Asset Service Provider authorization under MiCA (zezwolenie na świadczenie usług w zakresie kryptoaktywów)
KNF
- CASP · Slovakia
Crypto-asset service provider licence under MiCA (povolenie na činnosť poskytovateľa služieb kryptoaktív)
NBS
- CASP · Spain
Proveedor de servicios de criptoactivos (PSC) / Crypto-asset service provider authorization
CNMV
Where it can be licensed
Frequently asked questions
Does publishing general market research or newsletters count as regulated crypto advice?
No, impersonal publications, educational content or general market commentary directed to the public do not constitute personalised advice. Advice regulation is triggered when a recommendation is tailored to the personal circumstances, financial position or specific investment objectives of an individual client.
What suitability assessments must an authorised crypto adviser conduct?
Advisers must assess the client's knowledge, experience in crypto-assets, financial situation, ability to bear losses and risk tolerance. If a crypto-asset is deemed unsuitable, or if the client fails to provide adequate information, the firm must refrain from recommending the transaction.
Sources
- MiCA Art. 3(1)(16)(h) and 3(1)(24) · retrieved 2026-09-24
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