Over the past decade, the Czech Republic has developed a robust financial system with transparent legislation. The country’s cryptocurrency regulation ensures a reliable business environment that clients trust. One of the key standards is obtaining a cryptocurrency licence, which allows companies to offer virtual asset services to their clients.
With a stable economy and banking system, the Czech Republic reduces risks for the cryptocurrency business, particularly when opening corporate accounts and conducting international transactions.
Under the new legislation, the Czech National Bank will serve as the regulator (National Competent Authority).
At the European Union level, two key legislative acts were adopted to regulate the activities of cryptocurrency-related companies:
These regulations are directly applicable in all EU member states, including the Czech Republic.
In the Czech Republic, the new regulatory requirements are reflected in the following documents:
Starting from January 1, 2025, all VASPs (Virtual Asset Service Providers) operating within the Czech Republic must undergo a re-licensing process to ensure compliance with the updated standards and requirements for obtaining a license.
The new legal framework establishes three categories of licences:
01Crypto-Asset Service Provider (CASP)
a legal entity providing services involving crypto-assets. CASPs are divided into three classes:
Class 1:
02Issuer of asset-backed tokens
issues crypto-assets tied to value (e.g., commodities, rights, or currency).
03Issuer of e-money tokens
issues tokens backed by a single official currency.
A Czech licence provides access to the European Economic Area (EEA) market, allowing companies to operate in EU countries without requiring additional permissions. This significantly expands the business's geographical reach and client base.
The favourable regulatory environment simplifies the licensing process. In the Czech Republic, the requirements for cryptocurrency companies are clear and relatively straightforward, with minimal bureaucratic hurdles.
Attractive tax conditions help reduce operational costs. Companies in the cryptocurrency sector can benefit from a favourable tax system, improving profitability.
Compared to other EU jurisdictions, the minimum capital requirements for crypto companies in the Czech Republic are less stringent, making licensing accessible to small and medium-sized businesses.
Regulatory support ensures legal protection. The Czech National Bank oversees compliance with the law and helps licensed companies operate in a stable and transparent legal environment.
Banks are more accommodating towards cryptocurrency companies. Unlike in many other EU countries, where it is difficult for crypto businesses to open a bank account, several Czech banks are willing to collaborate with licensed companies if they have clear AML/KYC policies in place.
COREDO offers its clients the option to select any of the following services individually or as part of a full package:
The price may vary depending on the specific project.
When applying for this type of activity, a company is supposed to meet several requirements. The standard list of requirements includes:
All documents must be submitted in the Czech 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 provides professional support at every stage of the licensing process, from the initial project assessment through to the issuance of a CASP licence.
We assist you in completing all stages in line with the new MiCA requirements, ensuring that legal, financial, and operational aspects are fully addressed and that all documentation is prepared to the highest standard. Our experts provide comprehensive support, helping minimise risks and speed up the licensing process.
