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Is NAGA X regulated in the EU?

NAGA X. Crypto-asset service provider (CASP) with home Member State 🇨🇾 Cyprus.

Authorised under MiCA

NAGA X is listed in the ESMA register as an authorised crypto-asset service provider. The licence was granted by Cyprus Securities and Exchange Commission (CySEC) on 8 June 2026 and covers 8 of 10 MiCA services in 1 EEA country.

NAGA X among the EU's authorised providers

NAGA X was the 12th of 24 crypto-asset service providers currently authorised in Cyprus, and one of 365 across the EEA, licensed 17 months after MiCA became applicable. With 8 authorised services it is above the register average of 3.3; 3 providers hold a broader one. It has notified 1 of 30 EEA countries; 58 providers have notified all of them. CySEC supervises 24 authorised providers in total.

What the authorisation covers

NAGA X is authorised for 8 of the ten crypto-asset services defined in Article 3(1)(16) of MiCA. It is not authorised for operating a trading platform, placing of crypto-assets — if it offers those, that activity is outside this licence.

  • a Custody and administration 1 country Holding clients' crypto-assets or the private keys to them, and keeping them safe. This is what a wallet service or an exchange that keeps your coins does.
  • c Exchange for funds 1 country Buying crypto-assets from clients, or selling to them, against money (euro or another currency) using the provider's own capital.
  • d Exchange for other crypto-assets 1 country Swapping one crypto-asset for another with the client, using the provider's own capital — for example bitcoin for a stablecoin.
  • e Execution of orders 1 country Concluding purchases or sales of crypto-assets on the client's behalf, including on a third-party trading platform.
  • g Reception and transmission of orders 1 country Taking a client's order to buy or sell and passing it on to another provider that executes it — a broker that does not execute itself.
  • h Advice on crypto-assets 1 country Giving personalised recommendations to a client about buying, selling or holding specific crypto-assets.
  • i Portfolio management 1 country Managing a client's crypto-asset portfolio with discretion, under a mandate — deciding what to buy and sell on their behalf.
  • j Transfer services 1 country Moving crypto-assets from one distributed-ledger address or account to another on the client's behalf.

Not authorised: b. Operating a trading platform · f. Placing of crypto-assets.

Where it may operate

NAGA X is authorised to operate only in Cyprus. It has not used the MiCA passport to notify other EEA states.

Highlighted: countries notified for at least one service. Outlined: home Member State. Passporting is per service; see the list on the left for each service's count.

Identification

Legal name
NAGA X
LEI
984500DCB2AF415E5Y71 · GLEIF record
Competent authority
Cyprus Securities and Exchange Commission (CySEC) (Cyprus)
Registered address
Ariadnis 7, Mouttagiaka, 4531, Limassol, Cyprus - (HQ)
Declared website
nagax.com
Authorised on
8 June 2026
Register entry updated
15 July 2026
Only the declared domains are covered. Fraudsters routinely copy the name of an authorised provider and operate from a look-alike domain. If the website you are on is not one of the addresses above, the authorisation does not apply to it — check the exact domain.

Questions people ask

Is NAGA X regulated in the EU?

Yes. NAGA X (NAGA X) holds a MiCA authorisation as a crypto-asset service provider, granted by Cyprus Securities and Exchange Commission (CySEC) on 8 June 2026. It appears in the ESMA register of authorised CASPs.

Which crypto services is NAGA X authorised for?

8 of the ten MiCA services: custody and administration, exchange for funds, exchange for other crypto-assets, execution of orders, reception and transmission of orders, advice on crypto-assets, portfolio management, transfer services.

In which countries can NAGA X offer crypto services?

1 EEA countries: Cyprus.

Who supervises NAGA X?

Cyprus Securities and Exchange Commission (CySEC), the competent authority in Cyprus, which is the provider's home Member State under MiCA.

Other providers authorised in Cyprus

All providers from Cyprus →

Source: ESMA interim MiCA register (CASPS.csv), as reported by Cyprus Securities and Exchange Commission (CySEC). This page reflects the register as of our last sync; it is not a statement by the regulator. Methodology.