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Currently, Czech Republic is one of the EU jurisdictions that does not have in place strict and cumbersome requirements for companies planning to handle crypto business from there. Hence, when starting crypto startup there, business can have no worries on any specific requirements, like minimum amount of share capital, passing through harsh verification of senior management and UBO background on matter of sufficient expertise, etc. Throughout this article, “crypto license” in Czech Republic shall be used in the meaning of a process needed to pass to start operating in the Czech Republic.
Considering state agencies responsible for supervision and regulation of activities of crypto businesses, Financial Analytical Office (FAÚ) is the main one agency serving as responsible for obliged entities’ compliance with Czech anti-money laundering (AML) regulations. Also, FAÚ is the main agency in process of receiving Czech Republic Crypto License
Simultaneously, certain services, such as trading with exchange tokens or managing assets containing virtual assets, may require additional licenses, such as MiFID 2 or AIFM licenses. The regulatory stance on stablecoins remains somewhat ambiguous, with considerations of their classification under EU directives. While stablecoins linked to fiat currencies may necessitate e-money licenses, specific guidance or statement from the Czech National Bank is still pending. Hence, in certain occasions such activities will fall under supervision of the Czech National Bank (CNB).
In summary, establishing a crypto-related venture in the Czech Republic offers a favorable environment characterized by minimal bureaucratic hurdles. By understanding the regulatory landscape and adhering to compliance obligations, entrepreneurs can unlock the full potential of the burgeoning crypto market in the heart of Europe.
Making business in Czech Republic will bring a bunch of benefits. Due to these special business conditions Czech Republic remains and will be great jurisdiction both for crypto startups and existing businesses. Some of them are as follows:
Those benefits of obtaining a crypto license (Czech Republic) can sufficiently simplify business life of entrepreneurs and contribute to growth of innovation, cooperation and success in the dynamic world of cryptocurrencies.
Currently, Czech Republic has not developed any separate crypto laws, but in near future the Czech Republic as party of the Treaty ON European Union must to use and implement new regulatory framework named Markets in Crypto-Assets Regulation (MiCA). Those processes will drag along development of rules on accounting and tax treatment of crypto assets.
With regard to current laws regulating the matters of Cryptocurrency license in Czech Republic, those are as follows:
Since crypto business has high risk of money laundering any Czech Republic cryptocurrency license holder has an obligation to create its AML/CFT rules that responds to its risk appetites. Generally, AML/CFT regulations require the businesses to conduct customer due diligence before starting any relationship, report any suspicious transaction to authorities, comply with record-keeping rules, verifying origin of funds etc.
In that case, crypto enterprises’ AML/CFT rules must be developed in way adhering to AML/CFT laws and contain the following:
These components ensure that licensed entities maintain robust internal controls to prevent illegal activities and comply with regulatory requirements.
Under the MiCA crypto companies may provide its services by following current legislative framework until 1 July 2026 (transitional regime), if member state does not determine otherwise.
After the transitional regime ends, holders of a Czech Republic Crypto Exchange License must comply with the new Markets in Crypto-Assets (MiCA) regulations. This means that applicants must make significant investments for preparation of its compliance for obtaining crypto license in Czech Republic. Specifically, license applicants must meet the following requirements:
Cryptocurrency license Czech Republic can be officially classified as a Trade License under the Trade Act. Specifically, it falls under field 81, “providing services related to a virtual asset,” as outlined in the Trade Act Annex. Crypto business can enter Czech Republic crypto license register for providing the following services:
In order to receive Cryptocurrency License (Czech Republic) and commence operations without any hinders you must follow structured approach in obtaining the license. Hence, be ready to go through the following key stages:
After finishing this process, the crypto business can begin to operate.
Our team can assist you with both comprehensive and partial support throughout the process of obtaining a Czech Republic Crypto License. If you'd like to discuss the Crypto Exchange License in Czech Republic or inquire about acquiring a ready-made company with an existing crypto license, please reach out to us at [email protected]. Additionally, if you have any questions about MiCA compliance, we're here to provide consultations and prepare your company for upcoming changes.
There are no requirements to renew the crypto license in Czech Republic, it is issued for indefinite period.
Yes, non-residents of the Czech Republic can own and operate cryptocurrency companies in the country, subject to compliance with regulatory standards.
The bank account will be important for the operations, but it is not required for obtaining a crypto license in Czech Republic.
Authorized capital for the incorporation of a company in Czech Republic and further crypto license obtaining is 1 (one) Czech Krona
The crypto license in Czech is issued for indefinite period.
The Financial Analytical Unit (FAU) and Central Bank monitor and supervise crypto companies in Czech Republic.
No, the process of Czech crypto license obtaining could be done remotely.
The accumulated experience and tracking of future changes in this area allow us to be proactive
for our clients and develop the most adapted business structures to modern conditions.
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The accumulated experience and tracking of future changes in this area allow us to be proactive
for our clients and develop the most adapted business structures to modern conditions.
By submitting this form, you hereby authorize Inteliumlaw to process your information for the purpose of addressing your inquiry. You retain the right to revoke this consent at any point. For further details, please review our Privacy Policy.
