MiCA Lets Authorized Crypto Firms Offer Approved Services Across EU Borders

A crypto-asset service provider (CASP) authorized under the European Union’s Markets in Crypto-Assets Regulation (MiCA) can extend approved services across member states after notifying its home regulator, giving licensed firms a bloc-wide route to expand. MiCA generally requires authorization to provide crypto-asset services in the EU, subject to specific routes elsewhere in the regulation.

The process does not require a separate MiCA authorization in every destination country. A provider must give its home regulator a list of the member states it plans to enter and the services it intends to offer. The regulator has 10 working days to forward that information to the authorities in those markets. The provider may start after it receives notice or, at the latest, 15 calendar days after filing.

That reach is limited to the firm and services named in the authorization. MiCA requires each approval to specify which crypto services its holder may provide, and permission for one legal entity does not automatically extend to sister companies or other affiliates in the same group.

EU rules also set a narrow route for a business based outside the bloc to serve an EU customer. The exception applies only when the customer acts at the customer’s own exclusive initiative, a standard to be construed narrowly. Firm solicitation, including promotion or advertising in the EU, means the exception does not apply, and contract wording cannot change the circumstances.

The July 1, 2026, date marked the end of the final transition period for existing providers, not MiCA’s start. Most provisions had applied since Dec. 30, 2024, while rules for asset-referenced tokens and e-money tokens began June 30, 2024. After the transition ended, unauthorized providers generally had to stop offering covered services.

Binance withdrew its MiCA application with Greece’s Hellenic Capital Market Commission on June 24, 2026, and announced it would seek authorization in another EU member state. Its announcement did not identify the country or say approval had been granted. A pending application or a license from outside the EU does not itself establish MiCA authorization for a particular firm and its services.