All activities related to crypto-assets in Slovakia are regulated in accordance with European legislation. This regulation is primarily aimed at ensuring compliance with anti-money laundering and counter-terrorist financing (AML/CFT) directives.
All operations involving digital finance, similar to operations with fiat financial assets, must be transparent and supervised.
In Slovakia, activities related to crypto-assets are regulated at both the European Union and national levels.
The legal framework is primarily based on:
These regulations have direct effect in all EU countries, including Slovakia.
In Slovakia’s national legislation, the provisions of these European acts are enshrined in:
As of December 30, 2024, all Virtual Asset Service Providers (VASPs) operating in Slovakia are required to undergo a re-licensing process to bring their activities into compliance with the new requirements.
Compliance monitoring and supervision of VASPs are carried out by the National Bank of Slovakia (NBS), which has been designated as the national competent authority.
Under the new legislative framework, licenses are divided into three categories:
01Crypto-Asset Service Provider (CASP) — a legal entity providing services divided into three classes:
Class 1:
Class 2: Includes all Class 1 services plus:
Class 3: Includes all Class 2 services plus:
02Asset-Referenced Token (ART) Issuer
Issues crypto-assets that maintain a stable value by referencing other assets, rights, or a combination thereof, including official currencies.
03E-Money Token (EMT) Issuer
Issues crypto-assets that maintain a stable value by referencing the value of one official currency.
The MiCA Regulation does not apply to unique and non-fungible crypto-assets (NFTs) and certain other categories, including financial instruments.
Due to its location and high living standards, Slovakia is an excellent country for conducting business related to crypto-assets, as such activities are fully legal.
Other advantages of obtaining a cryptocurrency license in Slovakia include:
Favorable regulation of cryptocurrency company activities
Relatively easy and low-cost licensing process
Flexible taxation system with low taxes for crypto businesses
Legislative stability and a high level of protection for business owners' rights
100% foreign ownership of the company is permitted
No regulatory restrictions on the movement of capital and income
You can choose individual services or a complete package.
Price may vary depending on the specific case
To obtain a CASP license in Slovakia, a company must meet the following requirements:
To obtain a CASP license in Slovakia, the following package of documents must be prepared and submitted to the National Bank of Slovakia (NBS) and must be translated into the Slovak language:
In-depth expertise
We understand all the nuances of crypto regulation across different jurisdictions
End-to-end support
We handle the entire licensing process — from application to registration
Tailored approach
We customise our solutions to your business model, covering exchanges, brokers, DeFi projects, and other structures
Post-licensing support
We provide advice on AML, reporting, and regulatory compliance
Transparency and trust
We operate fully within the law, strengthening your reputation with banks and business partners
COREDO can help you simplify the registration process and obtain a cryptocurrency license in Slovakia with minimal time and effort.
Entrust the application preparation and interaction with the NBS to our experts, so you can focus on developing your business.
