Regulatory Alerts2025-07-28
FAQs on the Interplay between MiCAR and PSD2
The Central Bank of Ireland issued this guidance to clarify the implementation of EBA No Action Letter recommendations for Crypto-Asset Service Providers seeking Payment Institution authorisation. Firms must engage with the CASP Authorisation Team before the 1 March 2026 deadline and utilize a streamlined application process that leverages overlapping documentation from their existing CASP assessment. The regulator permits dual licensing under a single legal entity with cumulative own funds requirements, while restricting the new Payment Institution licence to specific electronic money transfer activities unless further expansion is approved.
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