# CASP applications accepted by the FIN-FSA from 1. September 2024

2024-08-28

Tags: newsroom, All, Kaikki

EU Regulation on Markets in Crypto-Assets ("**MiCA**") has been partially applicable since 30. June 2024, demanding the issuers and offerors of asset referenced tokens and electronic money tokens to comply with the novel crypto-asset regulation. Starting from 30. December 2024, all other crypto-asset service providers ("**CASP**") have to acquire a CASP authorisation in order to offer crypto-asset services. It is important to notice that under the national transitional period, companies that have already registered as virtual asset service providers ("**VASP**") under national law can continue their operations without a CASP authorisation until 30. June 2025, provided that they have filed a CASP authorisation application before 30. October 2024.

We have discussed the effects of MiCA in more detail in our [previous article](https://www.nordiclaw.fi/en/news/mica-regulation-and-its-impacts-on-traditional-financial-institutions).

The Finnish Financial Authority ("**FIN-FSA**") starts accepting CASP authorisation applications on 1. September 2024. If you are already offering virtual asset services under national law (or plan on entering the market as a new player) and have not yet begun preparing the application material for the CASP authorisation application, now is a good time to begin ensuring compliance with MiCA for when it becomes fully applicable.

At Nordic Law, we have assisted numerous companies in the registration as a virtual asset service provider, and currently assist companies with applying for CASP authorisations. If you require assistance with achieving MiCA compliance, we are happy to help.