NLD AFM Crypto Providers Licenses


On Feb. 29, NLD AFM said CASPs can apply for license from Apr. 22.


  • NLD AFM announced Crypto Asset Service Providers can apply for license as of Apr. 22.
  • Overview
  • CASPs can submit license application or notification to NLD AFM from Apr. 22, 2024.
  • If approved, permit/notification can be used from Dec. 30, 2024, when MiCA in force.
  • From that date, those with CASP license/notification can offer crypto asset services on EU market, those licensed for equivalent service/activity can submit CASP notification.
  • In Netherlands, AFM is primary supervisor of these services; person or institution may not offer crypto asset services within the European Union without a CASP permit.
  • Transition period applies to CASP already active per national law before Dec. 30, 2024.
  • If they want to continue offering crypto asset services, expected to have MiCA license or notification by Jun. 30, 2025; until then, the national regime applies.
  • CASP permit or notification can be requested by email per instructions on website.
  • NLD AFM offers parties preparing application for CASP permit opportunity to request a pre-scan procedure; this helps to make permit application process more efficient.
  • But at the same time to also build mutual knowledge about important topics.
  • Effectiveness
  • Applications and notifications to be received as of Apr. 22, 2024.

Regulators NLD AFM
Entity Types B/D; Exch; Inv Co; MSB
Reference PR 2/29/2024; MICA Reg 2023/1114
Functions Compliance; Financial; Legal; Operations; Registration/Licensing
Countries Netherlands
Category
State
Products Corporate; Cryptocurrency; Fund Mgt
Regions EMEA
Rule Type Final
Rule Date 2/29/2024
Effective Date 4/22/2024
Rule Id 203004
Linked to N/A
Reg. Last Update 2/29/2024
Report Section EU

Last substantive update on 03/05/2024