Article 63 authorisation

Under MiCA, a firm that wants to provide crypto-asset services applies for authorisation as a crypto-asset service provider (CASP) to the competent authority of the member state where it has its registered office. Article 63 sets out how that authority assesses the application, and the authorisation lists the services the firm may provide.

Crypto-native firms enter the regulated market this way. Firms already regulated as financial institutions can use the Article 60 notification route instead. Across the EEA, Article 63 authorisations outnumber Article 60 notifications, and some entities appear under both routes.