Since 2021, a new branch of free trade has been added to the list of trades under the Trade Licensing Act, namely branch No. 81 - Provision of services related to virtual assets. This change is part of the amendment to the Anti-Money Laundering (AML) Act. According to this law, virtual assets are electronically stored units capable of serving at least one of three functions, namely payment, exchange or investment. Therefore, if you buy, sell, store, manage, transfer or broker the purchase or sale of cryptocurrencies for another in the course of your business for profit, you must register your trade No. 81 with the Trade Licensing Office.
In the Czech Republic, there is no separate certificate issued to confirm a VASP/CASP license. Instead, this information is explicitly recorded within the company’s scope of activities in the Commercial Register and is further validated by the articles of association and an official company extract.
The company will be authorized to operate in the following areas simultaneously:
The company is not restricted to a specific currency, allowing it to work with both fiat currencies (EUR, USD, CZK, GBP, etc.) and selected cryptocurrencies (BTC, ETH, TON, USDT, etc.). The key requirement is to adhere to the laws of each country and comply with the current regulatory framework.
By registering a new company or purchasing a ready-made company with a crypto license in the Czech Republic, you gain the right to commence operations immediately upon completing the procedure. Your activities will be fully compliant with legal requirements, allowing you to offer services to a broad client base.
The MiCA (Markets in Crypto-Assets) regulation has not yet been implemented in the Czech Republic, and national legislation has not been aligned with these common requirements. The expected timeframe for local approval is March 2025, with a transition period lasting until July 31, 2025.
Our team of experts closely monitors all legislative changes and trends and maintains constant communication with both regulators and notary offices. As soon as a clear list of requirements for adaptation is finalized, we will promptly provide it to our clients. This ensures that all our clients will have the opportunity to comply with the new legal requirements and continue conducting their business successfully.
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