Crypto Licensing & VASP Registration

Expert legal services for obtaining and maintaining financial services licenses and regulatory registrations for cryptocurrency and blockchain businesses. NÄGELE specializes in Liechtenstein TVTG and EU MiCAR licensing, providing comprehensive application support and regulatory correspondence.

Crypto Asset Service Provider Licensing

Liechtenstein TVTG Registration

• Token service provider (TT service provider) registration applications
• TVTG compliance structuring and ongoing registration maintenance
• Financial Market Authority (FMA) application preparation
• Transitional provisions strategy for existing TVTG registrants
• TVTG registration renewals and amendments

EU MiCAR Licensing

• Crypto-asset service provider (CASP) licensing applications
• MiCAR pre-applications with FMA Liechtenstein
• EU passporting strategy for multi-country operations
• CASP authorization for exchange, custody, and wallet services
• Asset-referenced token (ART) and e-money token (EMT) issuer licenses

Financial Services Licenses

Banking & Payment Services

• Banking license applications for crypto banks
• Payment services regulation (PSD2) licensing
• Electronic money institution (EMI) licensing
• Payment institution authorization
• E-money token issuer registration

Investment Services

• Investment services firm licensing for crypto trading
• Broker-dealer applications for digital assets
• Portfolio management licenses for crypto funds
• Investment advice authorization

Specialized Crypto Licenses

Exchange & Trading Licenses

• Crypto exchange operating licenses
• Trading venue and platform authorizations
• Order-book exchange vs. OTC platform licensing
• DeFi protocol regulatory status and licensing needs

Custody & Wallet Services

• Custody service provider licensing under MiCAR and TVTG
• Wallet service authorization
• Asset safekeeping requirements
• Client asset protection compliance

Staking & Lending Services

• Staking service regulatory structuring
• Crypto lending platform licensing
• Yield product compliance and authorization
• Liquidity provision service registration

Regulatory Correspondence

Authority Interactions

• FMA Liechtenstein communications and filings
• Pre-application consultations and regulatory dialogue
• Responses to information requests and inquiries
• Ongoing reporting and regulatory notifications
• License variation and extension applications

Cross-Border Coordination

• Multi-jurisdictional license coordination
• EU passporting notifications and procedures
• Third-country equivalence and recognition
• International regulatory cooperation

The firm's deep involvement in Liechtenstein's blockchain regulatory ecosystem and direct contribution to TVTG drafting provides clients with unmatched expertise in navigating crypto licensing requirements and achieving efficient regulatory approvals.