Crypto-Asset Regulation · glossary

Passport

A crypto firm's right to provide its authorised services in any other member state after notifying its home regulator. It needs no new authorisation, office or capital, and may start at the latest 15 calendar days after notifying. The passport stops at the EU's border. Definition: Passport · Binder §1.4 · Chapter 2 · Chapter 6

Explained in Chapter 2, The Map of MiCA, of Crypto-Asset Regulation.

The main page for this term is Passport, in European Brokerage.

How it comes up, in Chapter 2
The passport is the return on all this cost. A CASP authorised at home may provide its authorised services in any other member state by telling its home regulator which countries it wants (Article 65). It needs no new authorisation, no local office and no local capital.
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As defined in the training compliance binder
a CASP's right to provide its authorised services in any other member state on notification to its home NCA, without new authorisation (Article 65);
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Related terms

Where this term lives

This term is part of one complete fictional deal, with every document attached and a test after every chapter. Open Crypto-Asset Regulation → · All terms A–Z →