Crypto transfer service providers licensed in the EU

What the licence covers

The regulation words it as "providing transfer services for crypto-assets on behalf of clients" (Article 3(1)(16) of MiCA). Moving crypto-assets from one distributed-ledger address or account to another on the client's behalf.

A provider is authorised service by service, never for "crypto" in general: a company licensed for transfer services may not offer the other nine unless its authorisation lists them too. Offering this service without holding it is the same breach as operating with no licence at all, which is what puts a company on the list of non-compliant entities. Because it falls in capital class 1, a provider must hold at least EUR 50,000 in permanent capital, or a quarter of its yearly fixed overheads if that is more (Annex IV and Article 67).