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

🇩🇰 Denmark

Standard MiCA CASP regime via Finanstilsynet, with grandfathering for legacy VASPs closed at end of 2025.

Crypto (CASP) E-Money (EMI)
Last verified 2026-07-03 Next review 2026-07-17

Data verified: oldest cell 1 day ago (verified 2026-07-02). Individual cells show their own verification date below.

Licence type

Tilladelse som e-pengeinstitut under Lov om betalinger (Payment Services Act, LBK nr 1013 af 21/08/2024), transposing EMD2; a 'begraenset tilladelse til at udstede elektroniske penge' (limited/small e-money licence) exemption tier also exists for smaller-scale issuers

Verified 2026-07-02 Source: Finanstilsynet: https://www.finanstilsynet.dk/ansoeg-og-indberet/ansoegningsskemaer/ansoegning-om-tilladelse-som-e-pengeinstitut ; https://www.finanstilsynet.dk/ansoeg-og-indberet/ansoegningsskemaer/ansoegning-om-begraenset-tilladelse-til-at-udstede-elektroniske-penge-e-penge

Regulator

Finanstilsynet (the Danish Financial Supervisory Authority / Danish FSA)

Verified 2026-07-02 Source: Finanstilsynet: https://www.finanstilsynet.dk/finansielle-temaer/betalingstjenester-og-e-penge/regler

Capital requirement 🔒

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Timeline to authorisation 🔒

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Local substance 🔒

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Application cost 🔒

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Ongoing cost 🔒

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Passporting 🔒

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EMIs authorised 🔒

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Key restrictions 🔒

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Safeguarding 🔒

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Recent changes

PSD3 and the PSR will merge the payment institution and EMI regimes into one licence that can issue e-money. Final texts published 23 April 2026, applicability targeted around 2028; existing EMIs are grandfathered but must update their file.

Verified 2026-07-03 Source: EU

Difficulty rating 🔒

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The decision numbers for Denmark are one step away

Capital, timeline, costs, substance, passporting, restrictions and difficulty, with sources and verification dates. Deciding now? The one-off Founder Pass (£349) unlocks everything for 30 days. The free showcase jurisdiction shows you the exact format and quality first.

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Informational only, not legal advice. Entries marked as placeholder or awaiting verification must not be relied on. Confirm all requirements with Denmark's regulator and qualified local counsel before acting.