CASP License in Malta

The CASP (Crypto Asset Services Provider) license allows companies to operate legally within the EU's crypto market. It confirms that a company can officially provide services in the digital asset sector - from cryptocurrency exchange and secure storage to wallet management and executing transactions on behalf of clients. In fact, the license acts as a financial passport in the cryptocurrency market, allowing full operation within the European Union’s single market.

Malta is considered one of the most progressive countries in cryptocurrency regulation, with its own legal framework for VFA (Virtual Financial Assets). After the MiCA regulation came into effect, the jurisdiction quickly adapted to the new realities. However, this does not preclude companies with a VFA license from benefiting from a simplified procedure for obtaining CASP status. With this license, firms can offer their services across the entire European Union.

What is a CASP License?

CASP (Crypto Asset Services Provider) is a license obtained by companies operating in the crypto asset sector. It confirms the legality of business operations and compliance with anti-money laundering (AML) and counter-terrorist financing (CFT) requirements, while also ensuring client protection and operational transparency.

All companies involved with digital assets must obtain CASP status. Such services include cryptocurrency exchange for fiat or other crypto assets, custody and management of crypto assets on behalf of clients, and participation in the issuance or sale of crypto assets. Companies providing services without a license risk fines and other sanctions.

Requirements for Companies

The Malta Financial Services Authority (MFSA) is authorized to issue CASP licenses under the Markets in Crypto‑Assets Act (Chapter 647), which implements the MiCA regulation into national law.

Applicant Requirements

A solid business reputation for all stakeholders, including beneficiaries and key management;
Internal AML/CFT policies in line with FATF recommendations and EU requirements;
Proof of income;
Minimum share capital (from €50,000);
Presence of an office in Malta.

Types of CASP Licenses

CASP Class 1 – Basic Services

Companies can manage crypto asset portfolios and issue them without a firm buy-back obligation. Suitable for small startups not operating exchange platforms. Minimum share capital: €50,000.

CASP Class 2 – Extended Services

Holders of this class can custody crypto assets or access keys on behalf of clients, exchange assets, and execute token transactions. Minimum share capital: €125,000. Suitable for crypto exchanges, custodial services, and OTC platforms.

CASP Class 3 – Full License

In addition to the functions of Classes 1 and 2, these companies are allowed to operate trading platforms. Minimum share capital: €150,000.

CASP License Application Procedure

Determine the List of Services You Plan to Offer

First, you must determine the list of services you plan to offer, so the regulator can define the applicable requirements.
Prepare and Submit Required Documentation

Collect the necessary documents for your company’s operations, ensure all documents meet the MiCA and MFSA standards.
Submit the application through the LH Portal

Companies submit their application through the LH Portal using the MFSA forms.
Review of Compliance with MiCA

The regulator reviews compliance with MiCA and then issues the license for legal operation.
Obtain the License

Once approved, the MFSA will issue a formal license, allowing your company to operate within the scope defined by the license.

Our specialists at Law&Trust assist with the collection, translation, and notarization of documents, taking over interactions with the local regulator.

Required Documentation

Incorporation documents and information on beneficiaries;
Financial model and 3-year projections;
AML/KYC and internal policies;
IT infrastructure, DORA documentation;
Capital details and proof of funds;
Biographies, references, and qualifications of key personnel;
Description of services and target markets;
Organizational structure and risk management plan.

Our Services

Law&Trust provides comprehensive support at all stages of obtaining a CASP license in Malta and other jurisdictions. We offer professional consultations, help select the most suitable jurisdiction for your business, manage company registration, and prepare the documentation package thoroughly.

Our Services Include:

Consultations on obtaining a CASP license;
Company registration in Malta;
Preparation of a complete document package for application submission;
Support throughout the submission process and interaction with regulators;
Appointment of nominee directors and AML staff;
Ensuring full compliance with regulatory requirements.

If you plan to develop your project in Europe, legal assistance is essential. Our experts help select the optimal solution and support you at every stage — from the initial idea to obtaining the license and successfully launching your business.

F.A.Q.

How long does it take to obtain a CASP license?

On average, the process takes 4 to 6 months from the date of application submission. The preparatory stage may take longer, depending on the readiness of documents and the business structure.

What happens to companies with a VFA license?

Malta has introduced a transition period from VFA to CASP. Companies must convert their licenses to comply with MiCA requirements by July 1, 2026. The MFSA provides a simplified conversion procedure for existing VFA providers.

Is it mandatory to have staff in Malta?

Yes, physical presence in the jurisdiction is required: at least one director who is an EU resident, a local compliance officer (can be external), a registered office, and part of the operations in the country.

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