Licence type
MiCA CASP authorisation under the Markets in Crypto-Assets Act (Cap. 647); replaces the legacy VFA licence (VFA Act 2018) via a fast-track conversion. Malta granted one of the EU's first full CASP licences (Jan 2025).
Regulator
Malta Financial Services Authority (MFSA) - single competent authority; a long-standing crypto supervisor since the 2018 VFA regime.
Capital requirement 🔒
Full details for this dimension, including verification date and source reference, are available with a Founder Pass or Pro subscription.
Timeline to authorisation 🔒
Full details for this dimension, including verification date and source reference, are available with a Founder Pass or Pro subscription.
Local substance 🔒
Full details for this dimension, including verification date and source reference, are available with a Founder Pass or Pro subscription.
Application cost 🔒
Full details for this dimension, including verification date and source reference, are available with a Founder Pass or Pro subscription.
Ongoing cost 🔒
Full details for this dimension, including verification date and source reference, are available with a Founder Pass or Pro subscription.
Passporting 🔒
Full details for this dimension, including verification date and source reference, are available with a Founder Pass or Pro subscription.
MiCA CASPs approved 🔒
Full details for this dimension, including verification date and source reference, are available with a Founder Pass or Pro subscription.
Key restrictions 🔒
Full details for this dimension, including verification date and source reference, are available with a Founder Pass or Pro subscription.
Recent changes
First-mover: Crypto.com licensed 27 Jan 2025; ~13 CASPs now authorised (OKX, Gemini, Gate, Blockchain.com). ESMA's 10 Jul 2025 peer review criticised the MFSA's authorisation of one CASP, tightening scrutiny. Transition ends 1 Jul 2026.
Difficulty rating 🔒
Full details for this dimension, including verification date and source reference, are available with a Founder Pass or Pro subscription.
Track Malta
Get an email when this regime changes, fee schedules, capital rules, transition deadlines.
Informational only, not legal advice. Entries marked as placeholder or awaiting verification must not be relied on. Confirm all requirements with Malta's regulator and qualified local counsel before acting.