CASP registration in Latvia
Latvia's MiCA-compliant CASP framework provides regulated access to crypto custody, exchange, and transfer services across the EU, from one of Europe's most accessible licensing jurisdictions.
What this enables
Class I
Share capital €50,000
Class II
Share capital €125,000
Class III
Share capital €150,000
Whis this is for
This structure is suited to:
Crypto businesses seeking MiCA-compliant EU market access
Platforms offering custody, brokerage, or exchange services to EU-based clients
Businesses already holding or pursuing an EMI license that want to add crypto asset services under the same entity
Companies preparing for MiCA compliance ahead of full regulatory enforcement
This is not the right fit if:
Your crypto activities do not require EU regulatory coverage
You operate exclusively outside the EEA with no plans to serve EU clients
You need a CASP-only setup, but your business model includes fiat payment services requiring EMI licensing. In this case, a combined EMI and CASP structure may be required.
Registration process
Included in scope
Not included
Optional add-on
Costs and regulatory requirements
· €125,000 (Class II)
· €150,000 (Class III) — retained within the licensed entity
Frequently asked questions
What is the difference between Class I, II, and III?
The class determines which crypto asset services you are authorised to provide and the corresponding share capital requirement. Class I covers advisory, order execution, and transfer services. Class II adds custody and exchange services. Class III covers the operation of a trading platform. Most businesses applying for custody and exchange capabilities require Class II.
Is this registration MiCA-compliant?
Yes. Latvia's CASP framework is aligned with the EU's Markets in Crypto-Assets regulation. Registration positions the business for ongoing compliance as MiCA enforcement develops across the EEA
Can I add a CASP registration to an existing EMI license?
Yes. A CASP registration can be structured as an additional layer under the same Latvian entity. DM Strategy advises on the most efficient sequencing for your situation.
Do I need a Latvian company to apply?
Yes. A Latvian legal entity is required. If one is not already in place, incorporation is included in the engagement scope.
What are the ongoing obligations after approval?
Annual supervision fees, AML/CTF reporting, and compliance with Bank of Latvia requirements. DM Strategy can provide ongoing compliance support as a separate engagement.
Understand your regulatory path before starting
The initial call covers your target crypto activities, the appropriate CASP class, and whether standalone registration or a combined EMI and CASP structure fits your business model.
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