licencemap
Informational only, not legal advice. Verify with qualified counsel before acting. Full disclaimer

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Pin the jurisdiction you are leaning towards, then line up to 5 rivals against it. Every unlocked figure shows where a peer beats it or loses to it on capital, timeline, cost and difficulty, so one screen tells you whether your first choice actually holds up.

Crypto (CASP / VASP) E-money (EMI)
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Dimension Pinned
🇩🇰 Denmark partly open
Verified 2026-07-02
 🇪🇪 Estonia partly open
Verified 2026-07-02
Licence type MiCA CASP authorisation under Regulation (EU) 2023/1114, with Finanstilsynet designated as competent authority under Danish implementing provisions.
Verified 2026-07-02 Source: Finanstilsynet (DFSA): https://www.dfsa.dk/news/2024/jun/crypto-assets_250624
MiCA CASP authorisation; implemented via the Crypto-Assets Market Act (Kruptovarade turu seadus, KrüTS), in force 1 July 2024.
Verified 2026-07-02 Source: Finantsinspektsioon (FI): https://www.fi.ee/en/investeerimine/investeerimisvaldkonna-tegevuslubade-taotlemine/kruptovaraturu-tegevusluba
Regulator Finanstilsynet (Danish Financial Supervisory Authority)
Verified 2026-07-02 Source: Finanstilsynet: https://www.dfsa.dk
Finantsinspektsioon (Estonian Financial Supervision and Resolution Authority)
Verified 2026-07-02 Source: Finantsinspektsioon: https://www.fi.ee
Capital requirement Denmark capital requirement is locked. Unlock with the £349 pass. Estonia capital requirement is locked. Unlock with the £349 pass.
Timeline to authorisation Denmark timeline to authorisation is locked. Unlock with the £349 pass. Estonia timeline to authorisation is locked. Unlock with the £349 pass.
Local substance Denmark local substance is locked. Unlock with the £349 pass. Estonia local substance is locked. Unlock with the £349 pass.
Application cost Denmark application cost is locked. Unlock with the £349 pass. Estonia application cost is locked. Unlock with the £349 pass.
Ongoing cost Denmark ongoing cost is locked. Unlock with the £349 pass. Estonia ongoing cost is locked. Unlock with the £349 pass.
Passporting Denmark passporting is locked. Unlock with the £349 pass. Estonia passporting is locked. Unlock with the £349 pass.
MiCA CASPs approved Denmark mica casps approved is locked. Unlock with the £349 pass. Estonia mica casps approved is locked. Unlock with the £349 pass.
Key restrictions Denmark key restrictions is locked. Unlock with the £349 pass. Estonia key restrictions is locked. Unlock with the £349 pass.
Recent changes Grandfathering deadline for legacy VASPs passed 30 December 2025, pushing remaining Danish crypto firms into full MiCA authorisation or market exit.
Verified 2026-07-02 Source: HELMS Advisory tracker: https://helmsadvisory.com/casp-licence-tracker
Estonia's VASP population collapsed from 641 valid licences (mid-2021 peak) to 36 remaining by early 2026; as of recent reporting only one entity (Lightspark Payments Europe AS) had received full MiCA CASP authorisation. From 18 March 2026, CASP applications must go through FI's new application portal.
Verified 2026-07-02 Source: FinTelegram: https://fintelegram.com/mica-day-one-estonia-pulls-the-plug-on-the-old-crypto-licence-era-no-licence-no-eu-clients/
Difficulty rating Denmark difficulty rating is locked. Unlock with the £349 pass. Estonia difficulty rating is locked. Unlock with the £349 pass.

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Capital, timeline, costs, substance, passporting, restrictions and difficulty for your pinned jurisdiction and every peer, with the deltas that show where each one wins or loses. One-off Founder Pass (£349) or Pro with change alerts.

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Informational only, not legal advice. A delta compares the sortable figure only (capital, timeline, cost, difficulty, passporting, approvals); it is not a judgement on overall suitability. Verify with qualified counsel before acting.