| A | B | C | D | E | F | G | H | I | J | K | L | M | N | O | P | Q | R | S | T | U | V | W | X | Y | Z | |
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1 | Przygotowano przez khg.pl / kryptokancelaria.pl – w razie zainteresowania prosimy o kontakt na sekretariat@khg.pl | |||||||||||||||||||||||||
2 | Kraje | kancelarie do kontaktu | Czy w Państwa kraju wprowadzono ustawę o rynku kryptoaktywów na bazie MICA? | Kiedy to nastąpiło (dokładny dzień)? | Jaki jest link do ustawy? | Ile ma ona stron? | Ile wydano zezwoleń dotychczas? | Jaki jest koszt (oficjalny – urzędowy) złożenia wniosku o zezwolenie? | Czy jest i ile wynosi roczna opłata za nadzór? | |||||||||||||||||
3 | Polska | sekretariat@kryptokancelaria.pl | No, the act is still in the draft stage. | N/A | The draft is available at this link: https://legislacja.rcl.gov.pl/projekt/12382311/katalog/13040429#13040429 | Several hundred, about 107 pages in the draft from mid-May 2025. | 0 | N/A | It is to amount to a maximum of 0.4% of the annual revenue. | |||||||||||||||||
4 | Austria | |||||||||||||||||||||||||
5 | Belgia | niels.vandezande@timelex.eu | Not yet, still being debated at the government level – no formal bill submitted to Parliament yet. | To be determined. | To be determined. | To be determined. | None | It depends on the type of crypto-asset the CASP will be seeking to provide, but it is anticipated that the fee for issuing a licence will be between BGN 10,000-60,000. For issuers of asset-referenced tokens the fee is expected to be BGN 35,000. | To be determined.A general financial supervision fee (GFS) shall be imposed on issuers of asset-referenced tokens and CASPs. Issuers of asset-referenced tokens The fee for issuers shall be fixed at a rate of BGN 20,000. Issuers will also have to pay a variable component of the GFS fee of 0.03 per cent of the annual revenue from the activity of issuing asset-referenced tokens | |||||||||||||||||
6 | Bułgaria | info@mikov-attorneys.com oraz radostina.ivanova@newbalkanslawoffice.com | Not yet, the draft law shall be finally approved by the parliament in the next months (first voting was on 15 May 2025) | N/A | https://www.parliament.bg/bg/bills/ID/165936 albo https://www.parliament.bg/en/bills/ID/165936 | Not known yet, the draft law has approx. 40 | 0 | Not known yet | Not known yet | |||||||||||||||||
7 | Chorwacja | nberovic@mspartners.hr | Yes | July enacted, entered into force on 20.July 2024. | https://narodne-novine.nn.hr/clanci/sluzbeni/2024_07_85_1473.html | 36 | I don't know, I can't find information for any licences. | Calculated on the basis of this rulebook: https://www.zakon.hr/c/podzakonski-propis/59179/nn-157-2023-%2828.12.2023.%29%2C-pravilnik-o-izracunu%2C-visini-i-naplati-naknada-koje-se-placaju-hrvatskoj-agenciji-za-nadzor | Yes, caluclated on the basis of this rulebook: https://www.zakon.hr/c/podzakonski-propis/59179/nn-157-2023-%2828.12.2023.%29%2C-pravilnik-o-izracunu%2C-visini-i-naplati-naknada-koje-se-placaju-hrvatskoj-agenciji-za-nadzor | |||||||||||||||||
8 | Cypr | Patrycja@mpc.legal | MPC: Cyprus is implementing the Markets in Crypto-Assets (MiCA) regulation, which became fully effective across the EU on December 30, 2024. While the regulation is now in force, Cyprus, like other EU member states, is in the process of adapting its existing regulatory framework to align with MiCA's requirements. In June 2025, CySEC formally adopted ESMA’s MiCA-based guidelines on crypto-asset transfer services, reverse solicitation, and portfolio management. From 1 January 2025, all CASPs operating in Cyprus must hold a CySEC-issued MiCA license | Regulation (EU) 2023/1114 of the European Parliament and of the Council of 31 May 2023 on markets in crypto-assets (‘MiCAR’) On 29 June 2023, the Regulation (EU) 2023/1114 (the "MiCAR") entered into force. The MiCAR applies from 30 December 2024, except for Titles III and IV, which will apply from 30 June 2024 | Regulation (EU) 2023/1114 of the European Parliament and of the Council of 31 May 2023 on markets in crypto-assets MICAR (L_2023150EN.01004001.xml) and circulars of Cyprus securities and Exchange Commission Cyprus Securities and Exchange Commission | Markets in crypto-assets | MPC See the regulation | [MPC no licences issued yet] | No look at page 25 of this GetFile.aspx add this table | Notification by CySEC regulated financial entities of their intention to provide certain crypto-asset services (Article 60 of MiCAR) €10.000 Application for authorisation as a CASP (Article 62 of MiCAR) (a) providing custody and administration of crypto-assets on behalf of clients €10.000. (b) operation of a trading platform for crypto-assets €30.000. (c) exchange of crypto-assets for funds; €5.000. (d) exchange of crypto-assets for other cryptoassets: €5.000 (e) execution of orders for crypto assets on behalf of clients: €8.000 (f) placing of crypto assets: €8.000 (g) reception and transmission of orders for cryptoassets on behalf of clients: €8.000 (h) providing advice on crypto-assets: €8.000 (i) providing portfolio managements of crypto-assets: €8.000 (j) providing transfer services for crypto-assets on behalf of clients: €5.000 it is clarified that in order for an end service to be delivered to clients, the provision of several of the aforesaid services might coexist. In such cases the fee payable should amount to the cumulative fee corresponding to each and every service | |||||||||||||||||
9 | Czechy | jan.rydvan@blockchain.legal | Yes | 15 February 2025 | https://www.zakonyprolidi.cz/cs/2025-31 | 11 | 0 | custody, exchange: 813 EUR szerszy zakres usług: 2 033 EUR | There is no fee. | |||||||||||||||||
10 | Dania | |||||||||||||||||||||||||
11 | Estonia | vladislav.linko@hedman.legal and Karolina.Ullman@njordlaw.ee | Yes | 1st of July 2024 | Original act: https://www.riigiteataja.ee/akt/kr%C3%BCts and https://www.riigiteataja.ee/en/eli/519092024001/consolide in English; | 19 (not including explanatory notes) ; | 0 | 3000 euros | Yes, and it consists of the capital share and the share calculated on the basis of assets. The capital share is equal to 1% of the share capital required under MiCA. The share calculated on the basis of assets depends on the specific type of offered service and can be: 0.005–2 per cent of the total amount of transactions initiated and accepted by the crypto-asset service provider for services specified in Article 3(1), point (16) c), d), e) or g) of MiCA; 0.005–2 per cent of the funds held for clients for services specified in Article 3(1), point (16) a) or i) of MiCA; 0.005–2 per cent of annual operating income from the service provided by the crypto-asset service provider for services specified in Article 3(1), point (16) b), f), h) or j) of MiCA; 0.005–2 per cent of the value of the issued crypto-assets in case of an issuer of asset-referenced tokens. | |||||||||||||||||
12 | Finlandia | 1 | ||||||||||||||||||||||||
13 | Francja | John.LEGUEN@gide.com | Yes. Ordinance n° 2024-936 of October 15, 2024. | From December 30, 2024, except for provisions on ART/EMT which are applicable from October 18, 2024 | https://www.legifrance.gouv.fr/jorf/id/JORFTEXT00005035374790 | 48 (but no relevant for the purpose of the global analysis). | N.A. | € 10.000 and additional variable fees for custody services. | 2 | |||||||||||||||||
14 | Grecja | sntsamichas@tsamichaslaw.gr | At the time of writing (July 2025), Greece has not yet adopted a specific national law transposing or supplementing MiCA. However, as a directly applicable EU Regulation, MiCA entered into force across all EU Member States, including Greece, without requiring formal national transposition. The Hellenic Capital Market Commission (HCMC) is expected to issue relevant secondary measures or guidance regarding the supervisory framework, license processing, and fee structures for Crypto-Asset Service Providers (CASPs), in line with MiCA’s phased implementation timeline. Until such implementing provisions are issued, Greece operates under the directly applicable MiCA framework and existing AML-based licensing schemes for virtual asset service providers (VASPs). | MiCA entered into force at the EU level on 29 June 2023, following its publication in the Official Journal of the European Union (OJ L 150/40, 9.6.2023). Its provisions became applicable on a staggered basis, with the majority of articles (including those concerning CASPs) becoming fully applicable on 30 December 2024, pursuant to Article 149 of the Regulation. This date marks its effective enforceability across Greece and other EU jurisdictions. | Regulation (EU) 2023/1114 comprises 166 pages in its Official Journal version (OJ L 150). This includes all 149 articles, 6 annexes, and detailed legal provisions on crypto-assets, licensing, governance, stablecoins, and market integrity. | As of July 2025, no MiCA-based licenses have been issued by the Hellenic Capital Market Commission (HCMC). Existing VASPs continue to operate under Law 4734/2020 and AML/ATF supervision, pending full adaptation of national supervisory procedures to MiCA requirements. Public data on MiCA licensing is expected after the first filings are processed post-December 2024. | Greece has not yet published a dedicated licensing fee schedule for CASPs under MiCA. However, under the pre-existing AML regime, the application processing fee for registration with the HCMC stands at €1,500. | Yes, for entities registered as VASPs under the AML framework, there is currently an annual supervisory fee of €1,000, payable to the HCMC. However, MiCA-specific supervisory fees (including those referred to under Articles 58–62 MiCA) are expected to be determined by HCMC through delegated acts or technical standards following ESMA coordination. These may include tiered supervisory fees based on revenue, assets under management, or type of crypto-asset services offered. | Yes, for entities registered as VASPs under the AML framework, there is currently an annual supervisory fee of €1,000, payable to the HCMC. However, MiCA-specific supervisory fees (including those referred to under Articles 58–62 MiCA) are expected to be determined by HCMC through delegated acts or technical standards following ESMA coordination. These may include tiered supervisory fees based on revenue, assets under management, or type of crypto-asset services offered. | 3 | Jaki jest link do ustawy? | |||||||||||||||
15 | Hiszpania | amandine.verhaeghe@cms-fl.com | yes | 4/7/2023 | https://www.boe.es/buscar/act.php?id=BOE-A-2023-7053 | 216, but it also includes regulation on securities markets and investment services | We anticipate that revised fee schedules aligned with MiCA will be published through Ministerial Decisions or regulatory acts of the HCMC, likely within the framework set by Article 62 MiCA and subject to ESMA guidelines. | There is no official fee for submission. The fee is only applicable if the license is issued and is of EUR 10,406.04 plus EUR 300 of registration fee. | Yes, but the amount/method for calculation of the supervisory fee for CASPs has not been established yet. For other regulated entities there are two annual supervisory fees: one for supervision of solvency, based on the regulatory capital required; another one for supervision on conduct of business rules, based on the income/revenues and number of clients. | 4 | ||||||||||||||||
16 | Holandia (Niderlandy) | 5 | ||||||||||||||||||||||||
17 | Irlandia | 6 | ||||||||||||||||||||||||
18 | Litwa | gabriele.macerauskaite@ellex.legal; p.motiekaitis@fortlegal.com | Yes | 25 July 2024 (first version); 16 May 2025 (amendments) | https://www.e-tar.lt/portal/lt/legalAct/d7542830499b11efbdaea558de59136c/asr | 23 | 1 | EUR 2 425 | 0.7% of annual revenues, but not less than EUR 3 000 | 7 | ||||||||||||||||
19 | Luksemburg | |||||||||||||||||||||||||
20 | Łotwa | |||||||||||||||||||||||||
21 | Malta | |||||||||||||||||||||||||
22 | Niemcy | |||||||||||||||||||||||||
23 | Portugalia | js@servulo.com | Not yet — the legislation is still pending adoption. | It has not entered into force yet. | Not applicable | There is currently no published text. | none | Information not yet disclosed by the Portuguese Supervisory Authorities. | No official information has been made available yet by the Portuguese Supervisory Authorities. | |||||||||||||||||
24 | Rumunia | |||||||||||||||||||||||||
25 | Słowacja | radoslav.gulassa@highgate.sk | Yes | 1st of January 2025 | https://www.slov-lex.sk/ezbierky/pravne-predpisy/SK/ZZ/2024/248/20250101 | 7 | 0 | 1 700 € – 2 500 € | brak odpowiedzi. | |||||||||||||||||
26 | Słowenia | |||||||||||||||||||||||||
27 | Szwecja | Karolina.Ullman@njordlaw.ee | odpowiedziała mi na temat Estonii, ale jest też ze Szwecji, czekam na odpowiedź. Duża kancelaria Njord - dostane namiar jeszcze do Litwy i do Niemiec od nich. | |||||||||||||||||||||||
28 | Węgry | no.ordody-nagy@schoenherr.eu | Yes (Act VII of 2024 on the crypto-assets market) | 30 June 2024 | https://njt.hu/jogszabaly/2024-7-00-00 | 7 page | Referring to the Central Bank of Hungary, 22 licenses had been issued. | HUF 1,900,000 | Yes, but the amount of the fee is not defined, paragraph 12 of Act VII of 2024 regulates the method of calculating the annual supervisory fee. | |||||||||||||||||
29 | Włochy | Andrea.Pantaleo@dlapiper.com | Yes | 14 September 2024 | https://www.gazzettaufficiale.it/eli/id/2024/09/13/24G00147/sg | Around 50 | 0 | 0 | 0 | |||||||||||||||||
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