ArtesLex acted as a legal advisor to an international fintech company regarding the regulatory requirements and the procedure for obtaining a financial licence under the European Union Markets in Crypto-Assets Regulation (MiCAR) in several European Union Member States. The consultation was required by the client to support the expansion of its cryptocurrency exchange operations into the European Union market.
As part of the advisory engagement, we analysed the key market-entry criteria, the specific registration requirements for virtual asset service providers, as well as the national procedural aspects accompanying the implementation of MiCAR in different jurisdictions. Particular attention was given to the regulatory approaches of individual countries, where timelines, requirements and practical aspects of interaction with supervisory authorities may vary.
The provided legal opinion enabled the client to obtain a comprehensive understanding of the regulatory landscape, assess possible scenarios for obtaining the status of a virtual asset service provider, and determine the optimal model for entering the European Union market.
Our team will continue to support MiCAR implementation and provide advisory services to companies operating in the fields of crypto-assets and digital financial services.
23.10.2025
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