Regulations
By Evie Vavasseur
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Filing After the Transition Deadline. There's a timing wrinkle worth noting. The EU's MiCA transitional period ended on July 1, 2026.
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What MiCA Actually Covers. MiCA isn't just about crypto trading. The framework covers custody, exchange services, trading…
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A Crowded Post-Deadline Queue. Breinrock isn't alone in filing after the July cutoff.
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Breinrock wants into the EU. The firm has filed applications with the Czech National Bank for both a Crypto-Asset Service Provider license and a Payment Institution license under…
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The company already holds licenses in Canada, the UK, the UAE, the Czech Republic, and Switzerland, and it claims to serve clients in more than 150 countries.
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No timeline for approval was available. The Czech National Bank didn't comment, and Breinrock didn't specify when it expects a decision. Unclear whether that's weeks or months out.
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The transitional cutoff hit different across the bloc. Germany's BaFin moved faster than most, shortening its own internal transition window to December 2025 and focusing heavily…
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MiCA isn't just about crypto trading. The framework covers custody, exchange services, trading platforms, and advisory work — pretty much the full stack of what a crypto-asset…
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Related: EU Banks Surge to 23% of MiCA Crypto Register as 80 Institutions Join
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That's exactly what Breinrock seems to be after. Filing in the Czech Republic specifically — a country with a reputation for structured financial oversight — suggests the company…
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The CASP license covers the crypto-asset services side. The PI license covers payments. Together, they'd let Breinrock operate a fairly broad range of financial services across…
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Breinrock isn't alone in filing after the July cutoff. Plenty of firms across Europe are still working through the post-transition authorization queue, trying to get compliant…
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For Breinrock, the CASP and PI applications are probably the most consequential regulatory filings the company has made in Europe.
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