License types
Virtual asset service providers (VASPs)
Exchanges, brokers, custodians and stablecoin issuers under MiCA and local regimes. Compared across 65 regimes. Figures are the statutory minimums from each regulator; real capital needs are usually higher.
| Jurisdiction | Lasisi | Minimum capital | Layin lokaci | Risk |
|---|---|---|---|---|
| Austria Europe (EU) | MiCA FMA (ma'aikatar da ke kula da MiCA-VVG s. 1) | EUR 50,000 | Ba'a wallafa ba | Standard |
| Belgium Europe (EU) | Ƙarƙashin izinin mai ba da sabis na crypto-asset (MiCA Art. 63 CASP) FSMA (NBB ga kamfanonin saka hannun jari, EMIs da kuma cibiyoyin biyan kuɗi waɗanda ke karkashin kulawarta ta tsare-tsaren) | EUR 50,000 | Ba'a wallafa ba | Standard |
| Cyprus Europe (EU) | MiCA CySEC | EUR 50,000 | MiCA art. 63: completeness duba cikin 25 kwanakin aiki, hukunci a cikin 40 kwanakin aiki na wani cikakke aikace-aikace; babu wata siffar ne aka tsara | Standard |
| Estonia Europe (EU) | MiCA Finantsinspektsioon | EUR 50,000 | Binciken cikakkun bayanai cikin kwanaki 25 na aiki, sa'an nan kuma nazari cikin kwanaki 40 na aiki, wanda za a iya jinkirta har zuwa kwanaki 20 na aiki | Standard |
| France Europe (EU) | Mai ba da sabis na crypto-asset (CASP) amincewa a karkashin MiCA AMF | EUR 50,000 | MiCA Art. 63: 25 kwanakin aiki don bincika cikakkun bayanai, sa'an nan kuma 40 kwanakin aiki don yanke shawara kan cikakken aikace-aikace (za a iya dakatar da agogon don neman bayani) | Standard |
| Germany Europe (EU) | Crypto-asset service provider (CASP) authorisation under MiCA BaFin | EUR 50,000 | MiCA Art. 63: 25 kwanakin aiki don bincika cikakkun bayanai, sa'an nan kuma 40 kwanakin aiki don yanke shawara kan cikakken aikace-aikace (za a iya dakatar da agogon don neman bayani) | Standard |
| Ireland Europe (EU) | Mai ba da sabis na crypto-asset (CASP) ya amince a karkashin MiCAR Bankin Cibiyar Ingila | EUR 50,000 | MiCA Art. 63: 25 kwanakin aiki don bincika cikakkun bayanai, sa'an nan kuma 40 kwanakin aiki don yanke shawara kan cikakken aikace-aikace (za a iya dakatar da agogon don neman bayani) | Standard |
| Italy Europe (EU) | Crypto-asset service provider (CASP) authorization under MiCA CONSOB in consultation with Banca d'Italia (specialised CASPs); Banca d'Italia in consultation with CONSOB for EMIs and payment institutions | EUR 50,000 | Binciken cikakkun bayanai a cikin kwanaki 25 na aiki, sa'an nan kuma yanke shawara a cikin kwanakin aiki 40 na aikace-aikace mai cike da (tsaurara ga buƙatun bayani har zuwa kwanaki 20 na aiki); hukuncin an sanar da shi a cikin kwanakin aiki 5. | Standard |
| Lithuania Europe (EU) | Mai ba da sabis na crypto-asset (CASP) amincewa a karkashin MiCA Bankin Lithuania | EUR 50,000 | MiCA art. 63: cikakkun bincike a cikin kwanakin aiki 25, sa'an nan kuma yanke shawara a cikin kwanakin aiki 40 na aikace-aikacen da aka kammala, tare da har zuwa kwanakin aiki 20 na tsawaita lokaci don neman bayanai | Standard |
| Luxembourg Europe (EU) | Mai ba da sabis na crypto-asset (CASP) amincewa a karkashin MiCA CSSF | EUR 50,000 | MiCA Art. 63: 25 kwanakin aiki don bincika cikakkun bayanai, sa'an nan kuma 40 kwanakin aiki don yanke shawara kan cikakken aikace-aikace (za a iya dakatar da agogon don neman bayani) | Standard |
| Malta Europe (EU) | Mai ba da sabis na Crypto-asset (MiCA) MFSA | EUR 50,000 | MiCA art. 63: completeness duba cikin 25 kwanakin aiki, hukunci a cikin 40 kwanakin aiki na wani cikakke aikace-aikace; babu wata siffar ne aka tsara | Standard |
| Netherlands Europe (EU) | Mai ba da sabis na crypto-asset (CASP) amincewa a karkashin MiCA AFM | EUR 50,000 | MiCA Art. 63: 25 kwanakin aiki don bincika cikakkun bayanai, sa'an nan kuma 40 kwanakin aiki don yanke shawara kan cikakken aikace-aikace (za a iya dakatar da agogon don neman bayani) | Standard |
| Poland Europe (EU) | Crypto-asset service provider authorization under MiCA (not yet available in Poland) None designated. KNF ta bayyana a cikin jerin ESMA na hukumomin da suka dace tare da wata sanarwa cewa ba a tantance ta ba; | EUR 50,000 | Ba'a wallafa ba | Standard |
| Portugal Europe (EU) | Mai ba da sabis na crypto-asset (CASP) amincewa a karkashin MiCA CMVM (ya wallafa jerin masu ba da sabis na crypto-asset); ba'a tabbatar da daidaitawar kasa ta MiCA iko tsakanin CMVM da Banco de Portugal ba | EUR 50,000 | MiCA Art. 63: 25 kwanakin aiki don bincika cikakkun bayanai, sa'an nan kuma 40 kwanakin aiki don yanke shawara kan cikakken aikace-aikace (za a iya dakatar da agogon don neman bayani) | Standard |
| Spain Europe (EU) | Mai ba da sabisCASP) izinin karkashin MiCA CNMV (Banco de España ya kula da masu fitarwa na e- kudi tokens da asusun-referenced tokens) | EUR 50,000 | MiCA Art. 63: 25 kwanakin aiki don bincika cikakkun bayanai, sa'an nan kuma 40 kwanakin aiki don yanke shawara kan cikakken aikace-aikace (za a iya dakatar da agogon don neman bayani) | Standard |
| Gibraltar Europe (non-EU) | Mai bayar da DLT (Sashe 7 izinin) GFSC | Not published | Ba'a wallafa ba | Standard |
| Guernsey Europe (non-EU) | Virtual asset service provider license (Part III VASP) GFSC | Not published | Ba'a wallafa ba | Standard |
| Isle of Man Europe (non-EU) | Shigar da rajistar kasuwanci a matsayin mai samar da sabis na dukiya ta zahiri (VASP) IOMFSA | Not published | Ba'a wallafa ba | Standard |
| Jersey Europe (non-EU) | Mai ba da sabis na kayan kwaikwayo (Schedule 2 business) rajista JFSC (AML/CFT/CPF supervision) | Not published | Ba'a wallafa ba | Standard |
| Liechtenstein Europe (non-EU) | FMA Liechtenstein (Fintech Unit) | EUR 50,000 | Ba'a wallafa ba | Standard |
| Monaco Europe (non-EU) | Agrément for digital asset and crypto-asset service providers Ministre d'État, after a reasoned opinion of a consultative commission chaired by the Minister of Finance and Economy (services on financial tokens fall under the CCAF) | Not published | Ba'a wallafa ba | Risk mai girma |
| Switzerland Europe (non-EU) | FINMA | CHF 1,000,000 | Ba'a wallafa ba | Standard |
| Switzerland Europe (non-EU) | A FINMA-recognized self-regulatory organization | Not published | Ba'a wallafa ba | Standard |
| United Kingdom Europe (non-EU) | Tsarin gudanar da kasuwancin cryptoasset (Rukunin Lafiyar Kudi) FCA (AML/CTF mai kula da kasuwancin cryptoasset tun daga 10 ga Janairu, 2020) | Not published | FCA yana da watanni 3 na yanke shawara idan ya sami duk bayanan da yake buƙata | Standard |
| United Kingdom Europe (non-EU) | FCA | Not published | Ba'a wallafa ba | Standard |
| Bahrain Middle East | Lasisi na sabis na crypto-asset (Kategori 1 zuwa 4) Bankin Cibiyar | BHD 25,000 | Ba'a wallafa ba | Standard |
| Bahrain Middle East | Bankunan Najeriya | BHD 250,000 | Ba'a wallafa ba | Standard |
| Qatar (QFC) Middle East | QFC token service license (validation, token generation, token custody, operating a token exchange, token transfer) QFC Authority (token services); QFC Regulatory Authority where the activity relates to investment tokens | Not published | Ba'a wallafa ba | Standard |
| United Arab Emirates (onshore) Middle East | Bankin Cibiyar na UAE | AED 15,000,000 | Ba'a wallafa ba | Standard |
| United Arab Emirates (onshore) Middle East | Virtual Asset Service Provider (VASP) license, Dubai Virtual Assets Regulatory Authority (VARA) | AED 100,000 | Ba'a wallafa ba | Standard |
| United Arab Emirates (onshore) Middle East | Capital Market Authority (formerly SCA) | Not published | Ba'a wallafa ba | Standard |
| United Arab Emirates: Abu Dhabi Global Market (ADGM) Middle East | Ayyukan da aka tsara dangane da Asusun Virtual (Virtual Asset framework, COBS Chapter 17) FSRA | Generally the PRU capital for the same activity in traditional assets. Virtual asset custody: higher of USD 250,000 or six months' annual audited expenditure. MTF using virtual assets: six months' operational expenses plus a buffer of up to six further months, held in fiat (MIR 3.2) | Ba'a wallafa ba | Standard |
| United Arab Emirates: Abu Dhabi Global Market (ADGM) Middle East | FSRA | USD 2,000,000 | Ba'a wallafa ba | Standard |
| United Arab Emirates: Dubai International Financial Centre (DIFC) Middle East | Ayyukan Kudi da suka shafi Crypto Tokens (DFSA Tsarin Crypto Token) DFSA | Depends on the activity's prudential category: e.g. USD 2 million for Dealing as Principal (Category 2), USD 200,000 for Dealing as Agent or operating an ATS (Category 3A), USD 1 million where the only service is Providing Custody of Crypto Assets (Category 3B) (PIB 3.6.2) | Ba'a wallafa ba | Standard |
| Australia Asia-Pacific | AFSL da kasuwa lasisi ga digital asusun kayayyakin aiki da sabis (ASIC INFO 225), da kuma AUSTRAC rajista ASIC (financial kayayyakin aiki); AUSTRAC (AML/CTF rajista) | Not published | Ba'a wallafa ba | Standard |
| Hong Kong Asia-Pacific | Lissafin kasuwanci na Virtual asset (VATP), AMLO da SFO SFC | HKD 5,000,000 | Ba'a wallafa ba | Standard |
| Hong Kong Asia-Pacific | HKMA | HKD 25,000,000 | Ba'a wallafa ba | Standard |
| Japan Asia-Pacific | FSA (ta hanyar ofishin kudi na yankin) | JPY 10,000,000 | Ba'a wallafa ba | Standard |
| Japan Asia-Pacific | FSA (ta hanyar ofishin kudi na yankin) | Not published | Ba'a wallafa ba | Standard |
| Labuan (Malaysia) Asia-Pacific | Labuan FSA | MYR 1,000,000 | Ba'a wallafa ba | Standard |
| New Zealand Asia-Pacific | Mai bayar da sabis na dukiya ta zahiri: rajistar FSPR da AML/CFT mai ba da rahoton entity Kamfanin Ofis (rajista); Ma'aikatar Harkokin Cikin Gida (AML/CFT mai kulawa) | Not published | Ba'a wallafa ba | Standard |
| Philippines Asia-Pacific | Mai ba da sabis na asusun kwamfutoci (VASP) shaidar mallakar BSP | PHP 50,000,000 | Ba'a wallafa ba | Standard |
| Singapore Asia-Pacific | MAS | SGD 250,000 | Ba'a wallafa ba | Standard |
| Singapore Asia-Pacific | Digital token service provider license (DTSP) MAS | Not published | Ba'a wallafa ba | Standard |
| Korea ta Kudu Asia-Pacific | Sashen Binciken Kudi na Korea (Kwamishinan KoFIU) | Not published | Ba'a wallafa ba | Standard |
| Antigua and Barbuda Americas & Caribbean | Digital asset business license (Class A or Class B) Financial Services Regulatory Commission | Not published | Ba'a wallafa ba | Standard |
| Argentina Americas & Caribbean | PSV rajista Kwamitin Tsaro | USD 35,000 | Ba'a wallafa ba | Standard |
| Bahamas Americas & Caribbean | Shigar da matsayin kasuwancin dukiyar dijital (ciki har da musayar dukiyar dijital) Securities Commission of The Bahamas | Not published | Ba'a wallafa ba | Standard |
| Bermuda Americas & Caribbean | Digital asset business license (Class F full, Class M modified, Class T test) Bermuda Monetary Authority (Authorisation and Licensing Committee for digital assets) | Not published | Ba'a wallafa ba | Standard |
| Bolivia Americas & Caribbean | Autoridad de Supervisión del Sistema Financiero | Not published | Ba'a wallafa ba | Risk mai girma |
| Brazil Americas & Caribbean | Mai ba da sabis na dukiya ta zahiri: mai tsare ko mai sayar da ita Bankin Duniya | BRL 8,000,000 | Ba'a wallafa ba | Standard |
| British Virgin Islands Americas & Caribbean | Mai ba da sabis na rajista na kayan kwaikwayo Banki | Not published | FSC tana nufin ta bayar da shawarwari na farko a cikin makonni 6 kuma ta kammala aikace-aikacen a cikin watanni shida daga gabatarwar farko | Risk mai girma |
| Canada Americas & Caribbean | Ƙari ga haka, akwai bukatar a yi rajista da dandamalin kasuwanci na crypto (mai sayar da riba ko mai sayar da zuba jari) tare da tallafi mai tsada. Ma’aikatar Shari’a ta Jihar Kano (mai kula da dokoki) da kuma CIRO; FINTRAC MSB tana buƙatar rajistar don cinikin kudi na zahiri | Not published | Ba'a wallafa ba | Standard |
| Cayman Islands Americas & Caribbean | Cayman Islands Monetary Authority | Not published | Ba'a wallafa ba | Standard |
| Chile Americas & Caribbean | Crypto-asset sabis a karkashin Ley Fintec (custody, intermediation, alternative trading system for crypto-assets) Comisión para el Mercado Financiero | CLF 5,000 | CMF dokoki a kan rajista cikin 30 kwanakin kasuwanci (art. 6) da kuma a kan sabis izinin cikin mafi yawan watanni shida (art. 7); biyu sa'o'i tsaya yayin da CMF jira ga gyara | Standard |
| Curaçao Americas & Caribbean | Virtual asset service provider license (vergunning virtuele activa dienstverlener) St. Maarten | Not published | CBCS na yanke shawara cikin kwanaki 60 na cika takardar neman izinin da kuma karɓar kudin shigar da takardar | Standard |
| Dominica Americas & Caribbean | Sashen Ayyuka na Kudi | Not published | FSU dole ne ya yanke shawara a cikin kwanaki goma sha tara na wani cikakke aikace-aikace (S.R.O. 19 na 2024, reg. 4) | Standard |
| Mexico Americas & Caribbean | Intercambio de activos virtuales como actividad vulnerable (sayar da dukiya ta zahiri da tsare-tsaren a matsayin wata sana'a mai haɗari) Secretaría de Hacienda y Crédito Público (AML rajista da sanarwar); Banco de México (aiyukan dukiyar zahiri na bankuna da hukumomin fintech) | Not published | Ba'a wallafa ba | Standard |
| Mauritius Africa | Virtual Asset Service Provider license, Class M (Virtual Asset Broker-Dealer) Banki | MUR 2,000,000 | Ba'a wallafa ba | Standard |
| Mauritius Africa | Virtual Asset Service Provider license, Class O (Virtual Asset Wallet Services) Banki | No fixed amount: sufficient working capital in fiat to continue business for 12 months on realistic forecasts | Ba'a wallafa ba | Standard |
| Mauritius Africa | Virtual Asset Service Provider license, Class R (Virtual Asset Custodian) Banki | MUR 5,000,000 | Ba'a wallafa ba | Standard |
| Mauritius Africa | Virtual Asset Service Provider license, Class S (Virtual Asset Market Place) Banki | MUR 6,500,000 | Ba'a wallafa ba | Standard |
| Mauritius Africa | Virtual Asset Service Provider license, Class I (Virtual Asset Advisory Services) Banki | No fixed amount: sufficient working capital to meet debts as they fall due | Ba'a wallafa ba | Standard |
| Seychelles Africa | Financial Services Authority | USD 25,000 | FSA sabis standard: 3 watanni zuwa shekaru 2 daga wani cikakke aikace-aikace, dangane da wahala | Standard |
| Afurka ta Kudu Afrika | Financial Sector Conduct Authority | Not published | Ba'a wallafa ba | Standard |
An lissafa tushe a kan kowace fuska na doka. Bayani kawai, ba shawara ta doka ba.