Crypto License Guide 2026 — Panama, Lithuania, Dubai & More | Consulting24

Investor protection under ECSPR: the European Crowdfunding Service Providers Regulation reshaped how retail investors assess crowdfunding offers across the EU. At the centre of that framework sits the key investment information sheet, a standardised disclosure document that every crowdfunding platform must publish before an investor commits a single euro. CRYPTO LICENSE GUIDE · 2026 Investor protection under ECSPR: Crypto licensing across 15+ jurisdictions CONSULTING24.CO What ECSPR is and why it matters for investor protection The European Crowdfunding Service Providers Regulation, usually shortened to ECSPR, has applied across the European Union since November 2021 and was fully embedded in national supervisory practice by 2023. It replaced a patchwork of national crowdfunding rules with a single passporting regime. A platform authorised as a crowdfunding service provider in one member state can offer its services throughout the EU, which means investors in Estonia, Spain, Ge...

MiCA is now fully in force, and crypto firms authorised as CASPs must decide which functions to delegate and which to retain. This guide explains the outsourcing boundaries under MiCA and how to structure arrangements that satisfy the regulator. CRYPTO LICENSE GUIDE · 2026 Outsourcing under MiCA: what Crypto licensing across 15+ jurisdictions CONSULTING24.CO The regulatory starting point: MiCA and the EBA outsourcing guidelines MiCA does not contain a single, self-contained outsourcing regime. Instead, Article 73 of the MiCA Regulation requires CASPs to have sound governance and strong internal control mechanisms, and the European Banking Authority's outsourcing guidelines are applied by analogy in many supervisory contexts. National competent authorities across the EU have taken different approaches, but the common thread is that a CASP may outsource operational functions while remaining fully responsible for compliance. The practical consequence is that a CASP can delegate e...

The Markets in Crypto-Assets (MiCA) regulation introduces the first comprehensive EU framework for stablecoin issuance, redefining compliance obligations for issuers and service providers across Europe. CRYPTO LICENSE GUIDE · 2026 Stablecoin issuance under MiCA: Crypto licensing across 15+ jurisdictions CONSULTING24.CO What MiCA means for stablecoin issuers MiCA establishes a harmonised legal framework for stablecoins, categorised as asset-referenced tokens (ARTs) and e-money tokens (EMTs). Issuers must obtain authorisation as a credit institution or an electronic money institution, or comply with specific stablecoin rules. The regulation applies to any entity issuing stablecoins to the EU market, regardless of where the issuer is based, if the stablecoin is offered to EU residents. Key requirements include maintaining a reserve of assets equal to the value of tokens in circulation, with strict custody and investment rules. Issuers must also provide clear redemption rights to ...