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
🇪🇪 Estonia partly open
Verified 2026-07-02
 🇱🇺 Luxembourg partly open
Verified 2026-07-02
Licence type 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
MiCA CASP Authorisation granted by the Commission de Surveillance du Secteur Financier (CSSF)
Verified 2026-07-02 Source: CSSF: https://www.cssf.lu/en/crypto-assets-service-providers-casp/
Regulator Finantsinspektsioon (Estonian Financial Supervision and Resolution Authority)
Verified 2026-07-02 Source: Finantsinspektsioon: https://www.fi.ee
Commission de Surveillance du Secteur Financier (CSSF)
Verified 2026-07-02 Source: CSSF: https://www.cssf.lu/en/crypto-assets-service-providers-casp/
Capital requirement Estonia capital requirement is locked. Unlock with the £349 pass. Luxembourg capital requirement is locked. Unlock with the £349 pass.
Timeline to authorisation Estonia timeline to authorisation is locked. Unlock with the £349 pass. Luxembourg timeline to authorisation is locked. Unlock with the £349 pass.
Local substance Estonia local substance is locked. Unlock with the £349 pass. Luxembourg local substance is locked. Unlock with the £349 pass.
Application cost Estonia application cost is locked. Unlock with the £349 pass. Luxembourg application cost is locked. Unlock with the £349 pass.
Ongoing cost Estonia ongoing cost is locked. Unlock with the £349 pass. Luxembourg ongoing cost is locked. Unlock with the £349 pass.
Passporting Estonia passporting is locked. Unlock with the £349 pass. Luxembourg passporting is locked. Unlock with the £349 pass.
MiCA CASPs approved Estonia mica casps approved is locked. Unlock with the £349 pass. Luxembourg mica casps approved is locked. Unlock with the £349 pass.
Key restrictions Estonia key restrictions is locked. Unlock with the £349 pass. Luxembourg key restrictions is locked. Unlock with the £349 pass.
Recent changes 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/
Rapid growth in H1 2026: as of 30 June 2026, 11 active CASPs including B2C2 Europe, Banking Circle, Bitstamp Europe, Bridge Building, Clearstream Banking, Coinbase Luxembourg, Stokr, Standard Chartered Luxembourg, Swissquote Bank Europe, Zodia Custody Europe and BitFlyer; BitFlyer authorised 26 June 2026, Stokr 22 June 2026, Bridge Building 29 June 2026, all just before the transitional deadline expired on 1 July 2026
Verified 2026-07-02 Source: Delano: https://delano.lu/article/bitflyer-stokr-and-bridge-building-join-luxembourg-casp-list; CSSF: https://www.cssf.lu/en/2026/07/mica-transition-period-for-virtual-asset-service-providers-ended-on-1-july-2026/
Difficulty rating Estonia difficulty rating is locked. Unlock with the £349 pass. Luxembourg 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.