# Crypto-Asset Service Provider (CASP) authorisation under MiCAR Article 63 (Cyprus) Source page: https://protegra.io/licensing/licences/casp-mica/cyprus/ The Crypto-Asset Service Provider (CASP) authorisation under MiCAR Article 63 is issued by Cyprus Securities and Exchange Commission (CySEC) under Regulation (EU) 2023/1114 on markets in crypto-assets (MiCA). It can be passported to the other EU/EEA states by notification. The official register lists 16 current holders. The legal decision period is 40 working days from receipt of a complete application (following a 25 working days completeness assessment). Ownership changes need the regulator's approval before completion. ## At a glance | Official name | Crypto-Asset Service Provider (CASP) authorisation under MiCAR Article 63 [1] | | --- | --- | | Issued by | [Cyprus Securities and Exchange Commission](https://protegra.io/licensing/regulators/cysec-cyprus/) | | Jurisdiction | [Cyprus](https://protegra.io/licensing/jurisdictions/cyprus/) | | Licence family | [Crypto-asset service provider (MiCA CASP)](https://protegra.io/licensing/licences/casp-mica/) | | Legal basis | Regulation (EU) 2023/1114 on markets in crypto-assets (MiCA) [2] | | Passporting | EU/EEA passport available | | Application fee | EUR 5,000 to EUR 30,000 per requested crypto-asset service (EUR 5,000 for exchange or transfer services; EUR 8,000 for RTO, execution, placing, advice, or portfolio management; EUR 10,000 for custody; EUR 30,000 for trading platform operation) [3] | | Annual fee | Fixed annual fee between EUR 5,000 and EUR 20,000 per authorized crypto-asset service (EUR 5,000 for exchange/execution/transfers; EUR 8,000 for advice/portfolio; EUR 10,000 for custody; EUR 20,000 for trading platform), plus turnover surcharge above EUR 500,000 (1% up to EUR 1M, scaling to 0.1% above EUR 10M, capped at EUR 500,000 total) [3] | | Statutory decision time | 40 working days from receipt of a complete application (following a 25 working days completeness assessment) [2] | | Public register | [official register](https://www.cysec.gov.cy/en-GB/entities/Crypto-Assets-Entities-(MiCAR)/MiCAR-CASPs/Licensees-(Article-63)/) [1] | | Current holders | 16 [1] | ## What it lets you do - [Custody and administration of crypto-assets](https://protegra.io/licensing/activities/crypto-custody/) - [Operating a crypto-asset trading platform](https://protegra.io/licensing/activities/crypto-trading-platform/) - [Exchange of crypto-assets for funds](https://protegra.io/licensing/activities/crypto-fiat-exchange/) - [Exchange of crypto-assets for other crypto-assets](https://protegra.io/licensing/activities/crypto-crypto-exchange/) - [Execution of orders for crypto-assets on behalf of clients](https://protegra.io/licensing/activities/crypto-order-execution/) - [Placing of crypto-assets](https://protegra.io/licensing/activities/crypto-placing/) - [Reception and transmission of orders for crypto-assets](https://protegra.io/licensing/activities/crypto-order-reception-transmission/) - [Advice on crypto-assets](https://protegra.io/licensing/activities/crypto-advice/) - [Portfolio management of crypto-assets](https://protegra.io/licensing/activities/crypto-portfolio-management/) - [Transfer services for crypto-assets](https://protegra.io/licensing/activities/crypto-transfer/) - **Custody and administration of crypto-assets.** Safekeeping or controlling crypto-assets, or the means of access to them such as private keys, on behalf of clients. - **Operating a crypto-asset trading platform.** Managing a multilateral system that brings together buying and selling interests in crypto-assets so that contracts are concluded. - **Exchange of crypto-assets for funds.** Buying or selling crypto-assets against fiat money using the provider's own capital. - **Exchange of crypto-assets for other crypto-assets.** Concluding contracts with clients to swap one crypto-asset for another using the provider's own capital. - **Execution of orders for crypto-assets on behalf of clients.** Concluding agreements to buy or sell crypto-assets on behalf of clients, including subscribing to offers. - **Placing of crypto-assets.** Marketing crypto-assets to purchasers on behalf of or for the account of the offeror or a related party. - **Reception and transmission of orders for crypto-assets.** Receiving a client's order to buy or sell crypto-assets and passing it to a third party for execution. - **Advice on crypto-assets.** Giving personalised recommendations to a client about transactions in crypto-assets or the use of crypto-asset services. - **Portfolio management of crypto-assets.** Managing portfolios that include crypto-assets on a discretionary, client-by-client basis under a mandate. - **Transfer services for crypto-assets.** Moving crypto-assets on behalf of a client from one distributed-ledger address or account to another. ## Where it is valid _Issued in Cyprus (gold); can be passported to the other EU/EEA states (blue) by notification._ ## Cost _Regulatory costs from the official sources above. Professional fees, staff, office and audit come on top and depend on the business model._ ## How long it takes Statutory: 40 working days from receipt of a complete application (following a 25 working days completeness assessment) [2]. Observed: not published. The statutory clock usually starts only when the regulator treats the application as complete, and pauses while it waits for answers to its questions. ## Buying a company that already holds it **Prior notification with an objection period.** Any natural or legal person proposing to acquire or increase, directly or indirectly, a qualifying holding reaching or crossing 10%, 20%, 30%, or 50% in a CIF, AIFM, or CASP, or to achieve control making it a subsidiary, must submit prior written notification to CySEC under Sections 12 and 13 of Law 87(I)/2017 and MiCA Article 83. CySEC acknowledges receipt within two working days and has a statutory assessment period of 60 working days to oppose the acquisition based on reputation, financial soundness, AML risks, and fit-and-proper criteria. The assessment period may be interrupted once by up to 20 working days (or 30 working days for non-EU entities) to request additional information. If CySEC does not object in writing before expiry, the transaction is deemed approved. Closing without CySEC non-opposition suspends voting rights and risks statutory penalties. [4] Ready-made companies holding this licence: [see verified positions](https://protegra.io/companies/crypto-digital-assets/). ## Laws behind it - [Markets in Crypto-Assets Regulation](https://protegra.io/licensing/laws/eu-mica-2023-1114/): Regulation (EU) 2023/1114 ## Getting this licence Protegra handles this licence end to end: [CASP licensing in Cyprus](https://protegra.io/mica-cyprus): process, timeline and our fee. ## Sources 1. [cysec.gov.cy: Licensees (Article 63)](https://www.cysec.gov.cy/en-GB/entities/Crypto-Assets-Entities-(MiCAR)/MiCAR-CASPs/Licensees-(Article-63)/): retrieved 2026-09-24 2. [eur-lex.europa.eu: HTML (32023R1114)](https://eur-lex.europa.eu/legal-content/EN/TXT/HTML/?uri=CELEX:32023R1114): retrieved 2026-09-24 3. [cysec.gov.cy: GetFile](https://www.cysec.gov.cy/CMSPages/GetFile.aspx?guid=f9291762-d5a0-4199-ba2e-34fe77ac49fd): retrieved 2026-09-24 4. [cylaw.org: full](https://www.cylaw.org/nomoi/enop/non-ind/2017_1_87/full.html): retrieved 2026-09-24 Last verified 2026-09-24 · Author: Danil Marmysh · Reviewed by Anastasia Sidorenkova · © Protegra. Data: CC BY 4.0, cite "Protegra Licensing Atlas". Not legal advice.