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
🇩🇪 Germany partly open
Verified 2026-07-03
 🇵🇹 Portugal partly open
Verified 2026-07-03
Licence type E-Geld-Institut under the ZAG.
Verified 2026-07-02 Source: BaFin
Instituicao de Moeda Eletronica under the RJSPME (Decree-Law 91/2018).
Verified 2026-07-02 Source: Banco de Portugal, https://www.bportugal.pt/en/page/application-authorisation-electronic-money-institution
Regulator BaFin, with the Deutsche Bundesbank.
Verified 2026-07-02 Source: BaFin, https://www.bafin.de/DE/Aufsicht/ZahlungsdienstePSD2/ZahlungsdienstePSD2_node.html
Banco de Portugal.
Verified 2026-07-02 Source: Banco de Portugal, https://www.bportugal.pt/en/page/list-authorised-institutions
Capital requirement Germany capital requirement is locked. Unlock with the £349 pass. Portugal capital requirement is locked. Unlock with the £349 pass.
Timeline to authorisation Germany timeline to authorisation is locked. Unlock with the £349 pass. Portugal timeline to authorisation is locked. Unlock with the £349 pass.
Local substance Germany local substance is locked. Unlock with the £349 pass. Portugal local substance is locked. Unlock with the £349 pass.
Application cost Germany application cost is locked. Unlock with the £349 pass. Portugal application cost is locked. Unlock with the £349 pass.
Ongoing cost Germany ongoing cost is locked. Unlock with the £349 pass. Portugal ongoing cost is locked. Unlock with the £349 pass.
Passporting Germany passporting is locked. Unlock with the £349 pass. Portugal passporting is locked. Unlock with the £349 pass.
EMIs authorised Germany emis authorised is locked. Unlock with the £349 pass. Portugal emis authorised is locked. Unlock with the £349 pass.
Key restrictions Germany key restrictions is locked. Unlock with the £349 pass. Portugal key restrictions is locked. Unlock with the £349 pass.
Safeguarding Germany safeguarding is locked. Unlock with the £349 pass. Portugal safeguarding is locked. Unlock with the £349 pass.
Recent changes PSD3 and PSR merge the payment institution and EMI regimes into one payment institution licence that can issue e-money. Final texts published 23 Apr 2026, OJ expected mid to late 2026, PSR applies about 20 days after publication, PSD3 transposition within 18 months (applicability ~Q2/Q3 2028). Existing EMIs are grandfathered but must update their file.
Verified 2026-07-03 Source: EU
PSD3 and PSR merge the payment institution and EMI regimes into one payment institution licence that can issue e-money. Final texts published 23 Apr 2026, OJ expected mid to late 2026, PSR applies about 20 days after publication, PSD3 transposition within 18 months (applicability ~Q2/Q3 2028). Existing EMIs are grandfathered but must update their file.
Verified 2026-07-03 Source: EU
Difficulty rating Germany difficulty rating is locked. Unlock with the £349 pass. Portugal 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.