Electronic money token issuer authorisation / notification under MiCA Regulation (Luxembourg)
The Electronic money token issuer authorisation / notification under MiCA Regulation is issued by Commission de Surveillance du Secteur Financier (CSSF) 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 3 current holders. The application fee is EUR 5,000. Ownership changes need the regulator's approval before completion.
At a glance
| Official name | Electronic money token issuer authorisation / notification under MiCA Regulation1 |
|---|---|
| Also known as | Luxembourg EMT issuer authorisation · Luxembourg stablecoin issuer licence · MiCA EMT issuer (Luxembourg) · CSSF EMT issuer · EMT issuer · EMT issuer notification |
| Issued by | Commission de Surveillance du Secteur Financier |
| Jurisdiction | Luxembourg |
| Licence family | Stablecoin / e-money token issuer |
| Legal basis | Regulation (EU) 2023/1114 on markets in crypto-assets (MiCA)2 |
| Passporting | EU/EEA passport available |
| Application fee | EUR 5,0003 |
| Annual fee | EUR 15,0003 |
| Public register | official register4 |
| Current holders | 34 |
What it lets you do
| Issuing e-money tokens | Offering to the public, or seeking admission to trading of, a token that references the value of a single official currency. |
|---|---|
| Issuing asset-referenced tokens | Offering to the public, or seeking admission to trading of, a token that stabilises its value by referencing other assets or a basket of currencies. |
Where it is valid
Cost
Buying a company that already holds it
Prior notification with an objection period. Acquisition or disposal of qualifying holdings reaching or crossing 10%, 20%, 30%, or 50% of capital or voting rights, or causing an entity to become a subsidiary, requires prior written notification to the CSSF. The CSSF conducts a prudential assessment of acquirer suitability, reputation, financial soundness, and AML risk within 60 working days (interruptible once by up to 20 working days, or 30 working days for non-EU acquirers) under Articles 18 and 18-1 of the Law of 5 April 1993, Article 12 of the Law of 10 November 2009, Article 83 of Regulation (EU) 2023/1114 (MiCA), and Circular CSSF 17/669 adopting the Joint ESA Guidelines.5
EMT/ART in other countries
| Country | Licence | Regulator | Min. capital | Application fee | Statutory time |
|---|---|---|---|---|---|
| Luxembourg | Electronic money token issuer authorisation / notificationElectronic money token issuer authorisation / notification under MiCA Regulation | CSSF | n/a | EUR 5,000 | n/a |
| Netherlands | Asset-referenced token (ART) issuer licenceAsset-referenced token (ART) issuer licence under EU MiCA | DNB | n/a | EUR 10,000 | ~7.9 mo |
| Netherlands | E-money token (EMT) issuer notificationE-money token (EMT) issuer notification under EU MiCA | DNB | n/a | EUR 3,200 | n/a |
| Spain | MiCA EMT and ART token issuer authorization | BdE | n/a | n/a | n/a |
| United Arab Emirates | Payment Token Issuer Licence (Dirham Payment Tokens) | CBUAE | n/a | n/a | ~2.8 mo |
Values come from each licence's page, where every figure has its source.
Laws behind it
- Markets in Crypto-Assets Regulation: Regulation (EU) 2023/1114
Sources
- cssf.lu: markets in crypto assets mica micar · retrieved 2026-09-24
- EUR-Lex: CELEX 32023R1114 · retrieved 2026-09-24
- cssf.lu: GDR 231222 CSSF fees (PDF) · retrieved 2026-09-24
- searchentities.apps.cssf.lu: entite · retrieved 2026-09-24
- cssf.lu: circular cssf 17 669 · retrieved 2026-09-24
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