Regulatory Alerts2026-04-02
Central Bank of Ireland MiCAR Industry Briefing: Path to Success for CASP Licensing
The Central Bank of Ireland issued this briefing to outline expectations and supervisory objectives for firms seeking Crypto-Asset Service Provider (CASP) authorization under MiCAR. The document identifies critical areas for improvement, specifically demanding robust local substance, strict control over client crypto-assets, and comprehensive Fitness and Probity standards. It emphasizes that applicants must demonstrate autonomous decision-making, avoid excessive outsourcing of core activities, and maintain proactive, timely engagement throughout the authorisation process.
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