Crypto License in Czech Republic: Everything You Need to Know

The Czech Republic is quickly becoming a key player in Central Europe's crypto scene. With a growing number of blockchain startups and a supportive fintech environment, it's an attractive place to build and scale crypto businesses.

But with MiCA (Markets in Crypto-Assets Regulation) taking effect across the EU, crypto companies in the Czech Republic will need to transition from their current VASP status to a full CASP license to continue operating legally.

If your company offers crypto services in or from the Czech Republic, here's what you need to know about getting CASP-compliant.

What Is a CASP License in the Czech Republic?

A CASP license (Crypto-Asset Service Provider license) is the new legal standard under MiCA for any business providing crypto-related services within the EU.

In the Czech Republic, it replaces the current VASP (Virtual Asset Service Provider) registration and ensures that companies meet updated EU rules on transparency, AML, and counter-terrorism financing.

You’ll need a CASP license if you provide any of the following services:

• Crypto custody or wallet services
• Crypto exchange or trading platforms
• Crypto-to-crypto or fiat-to-crypto transactions
• Executing orders on behalf of clients
• Crypto payments or fund transfers
• Investment advice or crypto asset portfolio management

CASP License Timeline in the Czech Republic

MiCA introduces clear compliance deadlines that affect all crypto service providers:

• December 30, 2024 - MiCA officially takes effect across the EU
• 2025 TBD - Final deadline for CASP license applications (exact date to be confirmed)

If your business is currently registered as a VASP in the Czech Republic, you'll need to upgrade to a CASP license before the transition period ends.

CASP License Requirements in the Czech Republic

To apply for and maintain a CASP license in the Czech Republic, your business must meet several key requirements:

• Register with the Czech Trade Licensing Office and the Financial Analytical Office (FAU)
• Have a local presence in the Czech Republic (at least one board member must be an EU resident)
• Meet capital requirements ranging from €125,000 to €350,000 depending on services offered
• Implement strong AML and KYC policies
• Ensure compliance with the FATF Travel Rule and maintain real-time crypto transaction monitoring

How Scorechain Helps You Stay MiCA-Compliant

At Scorechain, we work with crypto businesses across Europe to simplify their compliance journey. Our platform brings everything you need to stay ahead of MiCA - without adding complexity to your day-to-day operations.

Crypto Transaction Monitoring

Get automated, real-time risk scoring for every transaction. Detect suspicious wallet activity and stay in line with EU AML standards.

Travel Rule Compliance

Scorechain connects directly with Notabene and CryptoSwift, making it easy to handle identity verification and secure data exchange between VASPs.

Blockchain Risk Analytics and KYT

Track wallet behavior, monitor on-chain risks, and generate audit-ready reports in minutes - with clear flags for fraud, darknet exposure, or sanction links.

Sanctions and Blacklist Monitoring

Screen wallets against global sanction lists and block high-risk addresses before transactions are confirmed.

Secure Your CASP License and MiCA Compliance with Scorechain

Scorechain supports over 150 financial institutions and crypto companies across the EU with advanced tools for crypto compliance, risk monitoring, and regulatory reporting.

If you're preparing to apply for a CASP license in the Czech Republic - or just want to see how our solution fits into your compliance strategy - we’re here to help.

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