COREDO > Crypto Licence in the Czech Republic

Crypto Licence in the Czech Republic

A crypto licence in the Czech Republic is an authorisation to operate as a Crypto-Asset Service Provider (CASP) in accordance with European Union legislation and the national law of the Czech Republic. The licence is issued to companies providing exchange, custody and management services for digital assets, as well as other related crypto-asset services.

COREDO has been operating in the legal and compliance services market since 2016 and provides full support for obtaining a CASP licence in the Czech Republic — from the initial project assessment to interaction with the Czech National Bank (Česká národní banka, ČNB).

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Cost of the service
from 35 150 EUR

Regulatory Framework: MiCA and DORA

The activities of crypto-asset service providers in the Czech Republic are governed by two key European Union acts that have direct effect in all EU Member States:

The Markets in Crypto-Assets Regulation (MiCA) — Regulation (EU) 2023/1114 — establishes uniform rules for the licensing, supervision and operations of crypto-asset service providers across the entire EU. MiCA entered into full effect on 30 December 2024. The Regulation defines requirements for CASP authorisation, prudential standards, consumer protection rules and rules for dealing with crypto-assets.

The Digital Operational Resilience Act (DORA) — Regulation (EU) 2022/2554 — entered into force on 17 January 2025 and applies to all financial entities, including CASPs. DORA requires companies to implement ICT risk management systems, conduct cybersecurity audits and testing, and ensure business continuity.

At the national level, the implementation of the European regulations is established by the Act on the Digitalisation of the Financial Market (zákon o digitalizaci finančního trhu, Act No. 31/2025 Coll.), which entered into force on 15 February 2025. This act designates the ČNB as the sole competent authority for MiCA and DORA and establishes transitional provisions for existing cryptocurrency companies.

Alongside it, Act No. 32/2025 Coll. amends a number of existing legislative acts in connection with the digitalisation of the financial market.

Transitional Period: From VASP to CASP

Prior to MiCA entering into force, cryptocurrency companies in the Czech Republic operated under VASP (Virtual Asset Service Provider) registration through the trade licensing system. From 30 December 2024, all crypto-asset service providers are required to obtain a full CASP licence.

The Act on the Digitalisation of the Financial Market provides a transitional period (grandfathering) for companies that carried out crypto-asset activities under a trade licence before 30 December 2024. Such companies may continue operating provided they submit a CASP licence application to the ČNB no later than 31 July 2025. In this case, they are entitled to continue operating until a decision is made on their application, but no later than 1 July 2026.

For new companies planning to enter the Czech cryptocurrency market, a CASP licence application may be submitted at any time. The ČNB review process takes between 3 and 6 months.

Classification of CASP Licences in the Czech Republic

Under MiCA, CASP licences are divided into three classes depending on the nature of the services provided.

Class 1

covers the following types of activities: execution of orders for the purchase and sale of crypto-assets, placing of crypto-assets on the market, reception and transmission of orders, advice on crypto-assets, portfolio management of crypto-assets, and transfer of crypto-assets between addresses.

Class 2

includes all Class 1 services, as well as custodial storage of crypto-assets and exchange of crypto-assets for fiat currency or other crypto-assets.

Class 3

combines all Class 1 and Class 2 services, as well as the operation of crypto-asset trading platforms.

In addition to CASP, MiCA identifies two further types of authorisation: issuers of asset-referenced tokens and issuers of e-money tokens. The Regulation does not apply to NFTs or certain financial instruments already regulated by other EU legislation.

Advantages of Obtaining a CASP Licence in the Czech Republic

EU passporting rights

a Czech CASP license allows companies to provide crypto services across all EU member states without additional licenses.

Transparent regulation

the Czech Republic was among the first EU countries to implement MiCA, creating a clear and predictable legal environment for crypto businesses.

Access to banking services

crypto companies can open bank accounts subject to AML/KYC compliance.

Competitive tax system

the corporate tax rate is 21%, while individuals are exempt from capital gains tax on crypto assets held for more than three years.

Moderate capital requirements

licensing conditions remain accessible for small and medium-sized businesses.

Developed fintech infrastructure

Prague is one of Central Europe’s leading technology and blockchain hubs.

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Cost of Obtaining a CASP Licence in the Czech Republic

COREDO offers clients the option of using each of the listed services individually or as a full package.

Initial Case Assessment

EUR 5,000 + VAT

Providing detailed information on requirements.
Analysing the client’s documentation to identify problem areas and potential solutions.
Preparing an individual plan for the CASP licence application.

Company registration in the Czech Republic

EUR 1,150 + VAT

Preparation of documents for registration and incorporation of a new company in the Czech Republic (in-person or remote registration).
Acquisition of a registered office for one year, payment of state fees.
Company registration in accordance with Czech law.
Obtaining the necessary trade licences (excluding the CASP licence) at the Trade Licensing Office.
Translation of required documents.

Preparation of the application and supporting documents

from EUR 29,000 to EUR 49,000 + VAT

Preparation of the necessary legal documentation for submission to the ČNB.
Development of a business plan and financial plan in accordance with a three-year business model.
Consultations on necessary adjustments.
Coordination with the ČNB during the review process.

The total full package amounts to from EUR 35,150 to EUR 55,150 + VAT.

The final cost depends on the results of the initial project assessment, the required CASP service classes, and the degree of involvement of COREDO specialists in document preparation.

In addition, COREDO offers a ready-made company with VASP registration and a submitted CASP licence application starting from EUR 300,000. The price includes the transfer of 100% of shares in an active VASP company, a registered office for one year, a complete set of CASP licence documents, transfer of control over the bank account, legal support for the transaction, and notification to the ČNB of the change of ownership. The transfer period is 1–3 weeks.

Payment Terms

Payment for COREDO’s CASP licensing services in the Czech Republic is made in three instalments.

The first payment is an advance of 40% of the total cost of services. It is due before the start of the application and document preparation phase.

The second payment is an interim payment of 40% of the total cost. It is due before the application submission and ČNB interaction phase, following approval of the prepared application and documents.

The third payment is a final payment of 20% of the total cost. It is due after the ČNB decision on the application.

Requirements for CASP Licence Applicants

Confirmation of minimum capital is a mandatory requirement. The amount of minimum capital depends on the CASP class: for Class 1 — EUR 50,000, for Class 2 — EUR 125,000, for Class 3 — EUR 150,000. These requirements are established by Article 67 and Annex IV of the MiCA Regulation. In addition, the CASP’s own funds must cover at least one quarter of fixed overhead costs for the preceding year.

The company’s management must demonstrate a clean business reputation (criminal record certificate), at least three years of experience in a management position, at least three years of experience in the cryptocurrency sector, and appropriate qualifications (diplomas, certificates).

The company is required to ensure segregation of clients’ crypto-assets and funds, providing the relevant documentation and policies.

A comprehensive AML/KYC system is mandatory, including the appointment of a responsible officer (MLRO), internal anti-money laundering and counter-terrorist financing policies, and a transaction monitoring system.

Compliance with DORA requirements involves documented ICT risk management systems, a business continuity plan, and cybersecurity audit results.

Documents Required for a CASP Licence in the Czech Republic

All documents are submitted in Czech. COREDO ensures the preparation and translation of the complete package.

Documents on management and shareholders: passport or identity document, proof of residential address, bank statement for the last 6 months or tax declaration, completed KYC forms, curriculum vitae (CV), diplomas and certificates.

Business plan and financial plan: a three-year programme of activities describing the services to be provided.

Proof of capital contribution: bank statement.

Internal controls and governance: organisational structure, key personnel, policies and procedures.

Risk management: anti-money laundering policies, business continuity plan.

Technical documentation: cybersecurity audit, description of ICT systems (in accordance with DORA requirements).

Policy on segregation of crypto-assets and client funds: policies, procedures and banking agreements.

Custodial storage policy (if applicable): storage procedures, risk identification and outsourcing.

Operational rules for the trading platform (if applicable): admission conditions, fee structure, market surveillance.

Commercial policy and pricing (if applicable): client interaction policy, pricing methodology.

Order execution policy (if applicable): execution factors, quality control.

Proof of adviser qualifications (if applicable): policies and mechanisms for assessing knowledge and experience.

Description of crypto-asset transfer services (if applicable): types of crypto-assets, procedures for collecting client information.

White paper (if applicable).

Procedure for Obtaining a CASP Licence in the Czech Republic

Initial project assessment.

COREDO specialists analyse the client’s situation, collect the necessary information, and determine the timeline, cost and degree of involvement. Duration — approximately 1 week.

01

Company registration.

Incorporation of a company in the Czech Republic, obtaining trade licences, establishing a registered office. Duration — 2–4 weeks.

02

Application preparation.

Collection and preparation of the complete document package taking into account the specifics of the business and the chosen service classes. Duration — approximately 2 months depending on the completeness of the data provided.

03

Application submission and interaction with the ČNB.

Monitoring the progress of the application review, promptly providing requested information.

04

ČNB decision.

The application review takes between 3 and 6 months. Upon approval, the licence is entered into the ČNB register.

05

The overall timeline from the start of work to licence issuance is approximately 6–9 months.

Our Experts

By partnering with COREDO, you gain deep expertise in cryptocurrency regulation across various jurisdictions, comprehensive support at all stages of licensing.

Pavel Kos

Head of Legal at COREDO. Has been with the company since 2017. Specialises in the licensing of financial and cryptocurrency companies in EU jurisdictions.

Basang Ungunov

Lawyer at COREDO's legal team. Specialises in the preparation of legal documentation for obtaining CASP licences, legal support for cryptocurrency projects and interaction with regulators.

Frequently Asked Questions

What is a CASP licence?

A CASP (Crypto-Asset Service Provider) licence is an authorisation issued by the competent authority of an EU Member State under the MiCA Regulation. It allows a company to legally provide services related to crypto-assets: exchange, custody, portfolio management, order execution and other types of activities defined by the Regulation.

Which regulator issues the CASP licence in the Czech Republic?

Since 30 December 2024, when MiCA entered into full effect, the competent authority in the Czech Republic is the Czech National Bank (Česká národní banka, ČNB). The ČNB is responsible for issuing CASP licences, supervising their activities and ensuring compliance with MiCA requirements.

What are the advantages of a CASP licence in the Czech Republic?

A CASP licence obtained in the Czech Republic allows a company to provide crypto-asset services across all 27 EU Member States through the passporting mechanism (Article 65 of MiCA). This provides access to a market of more than 450 million people without the need to obtain separate authorisations in each country.

What is the minimum capital for a CASP licence?

The minimum capital depends on the licence class: Class 1 — EUR 50,000, Class 2 — EUR 125,000, Class 3 — EUR 150,000. The requirements are established by Article 67 of the MiCA Regulation. Additionally, the company’s own funds must cover at least one quarter of fixed overhead costs for the preceding year.

How much does it cost to obtain a CASP licence in the Czech Republic?

COREDO’s services for obtaining a CASP licence start from EUR 29,000 + VAT for application preparation and submission. The full package, including the initial assessment and company registration, amounts to from EUR 35,150 to EUR 55,150 + VAT. The final price depends on the specifics of the project.

How long does it take to obtain a licence?

The entire process from the start of work to licence issuance takes approximately 6–9 months: initial assessment — approximately 1 week, company registration — 2–4 weeks, document preparation — approximately 2 months, ČNB review — 3 to 6 months.

Is it possible to purchase a ready-made cryptocurrency company?

Yes, COREDO offers ready-made companies with an active VASP registration and a submitted CASP licence application starting from EUR 300,000. The company transfer takes 1–3 weeks and can be completed remotely on the basis of a power of attorney.

What is the corporate tax rate for cryptocurrency companies in the Czech Republic?

Companies carrying out crypto-asset activities in the Czech Republic pay corporate tax at the standard rate of 21%.

Get a Consultation on CASP Licensing in the Czech Republic

Planning to launch a cryptocurrency business in the European Union? COREDO specialists will help you through every stage of obtaining a CASP licence in the Czech Republic — from the initial project assessment to registration in the ČNB register. COREDO has been operating in the legal and compliance services market since 2016 and ensures full compliance with MiCA and DORA requirements.