--- title: "Crypto Banking for Estonian CASPs | Finantsinspektsioon MiCA" description: "White-label crypto banking for Estonian MiCA CASPs: per-client crypto and euro ledger, Kraken liquidity, DORA documents and data for your wind-down plan." url: "https://crassula.io/solutions/crypto-banking/estonia-casp/" lang: "en" image: "https://crassula.io/static/images/og/crassula-default.d7d01fb8a962.jpg" alternates: "en": "https://crassula.io/solutions/crypto-banking/estonia-casp/" "de": "https://crassula.io/de/solutions/crypto-banking/estonia-casp/" "es": "https://crassula.io/es/solutions/crypto-banking/estonia-casp/" "fr": "https://crassula.io/fr/solutions/crypto-banking/estonia-casp/" "x-default": "https://crassula.io/solutions/crypto-banking/estonia-casp/" index: "https://crassula.io/llms.txt" --- Estonia · CASP # Crypto banking for crypto-asset service providers authorised by Finantsinspektsioon Estonia's FIU licences for virtual currency services lost their effect on 1 July 2026, and only Finantsinspektsioon or another EEA supervisor can now authorise crypto services there. The new regime is full financial supervision, not an AML registration. Start on a platform that is ready for it. [Request demo](https://crassula.io/request-demo/) [Crypto Banking →](https://crassula.io/solutions/crypto-banking/) Your market**Estonia**CASP - Crypto and euro positions per client on one ledger - Liquidity via Kraken - ICT and DORA documentation for Finantsinspektsioon - Client position exports for your wind-down plan Rails your customers can use **SEPA****SEPA Instant****SWIFT****On-chain transfers****Internal transfers** What the regulator asks about your IT**8** ![Kraken](https://crassula.io/static/images/solutions/connector-logos/kraken.13f0122dfa3c.png) Case Studies ## See what teams build with Crassula. ![Keytom](https://crassula.io/static/images/solutions/cases/logo-keytom.bdceda23dc6c.png) - Crypto payments - Multi-currency exchange - Digital-asset accounts Live on Crassula ### [Bringing fiat and digital assets together.](https://crassula.io/cases/keytom/) Fiat and crypto payments, multi-currency exchange and digital-asset accounts on Crassula infrastructure. [Read case study: Keytom](https://crassula.io/cases/keytom/) ![Wickie](https://crassula.io/static/images/solutions/cases/logo-wickie.f3b353890315.png) - Digital wallets - Web interfaces - iOS and Android apps Live on Crassula ### [Fiat and crypto products across web and mobile.](https://crassula.io/cases/wickie/) Digital wallets and financial journeys delivered through Crassula APIs, web interfaces and iOS and Android apps. [Read case study: Wickie](https://crassula.io/cases/wickie/) Crypto Banking · CASP ## What a Finantsinspektsioon CASP authorisation lets you offer ### Crypto custody Each client holds crypto accounts with a deposit address and QR code. Keys run on custody infrastructure you contract, and you remain the custodian. ### Exchange with euro on both sides Buy and sell against euro, or swap one coin for another, with liquidity from a connected provider and the price and fee shown before confirmation. ### Euro accounts IBAN accounts from your banking partner with SEPA, SEPA Instant and SWIFT, kept on the same ledger as the client's crypto. ### Transfers out and between clients On-chain withdrawals and internal transfers, with Travel Rule data exchanged through a connected provider. ### Crypto-linked cards Visa and Mastercard cards that spend crypto-linked balances and settle in euro. The card issuer contract is yours. ### EEA clients from Tallinn Once authorised, you notify the passport and serve other member states on the same platform. ### What this licence does not cover - Running on an FIU licence for virtual currency services. The FIU cancelled those licences' register data on 1 July 2026. - Taking new clients while an application is still pending after 1 July 2026. Unauthorised providers may not open accounts or market their services. - Issuing e-money tokens, which need a credit institution or e-money institution. Your market ## What the regulator asks about your IT Each requirement, what the platform gives you for it and who owns it after launch. 1 Operational wind-down plan, which Finantsinspektsioon now requests from applicants Exports of every client's crypto and euro positions, and a description of how wallets and accounts can be closed or moved to another provider. You, with our input 2 ICT systems, security arrangements and DORA compliance Architecture, hosting, access roles, 2FA, audit trail, backups and incident handling documented for the file. Crassula drafts, you adopt 3 Register of positions per client and segregation (Art. 75 MiCA) Crypto per client on ledger accounts separate from your own, with exports to reconcile against the custody wallets. Your operations team, on platform data 4 Custody policy and access controls Withdrawal approvals and access roles in the back office, described as they work. You, with input from us and the custody provider 5 Client funds placed with a credit institution or central bank (Art. 70 MiCA) The euro owed to each client on the ledger, ready to reconcile against your client money account. Your finance team, on platform data 6 Customer due diligence under the Estonian Money Laundering and Terrorist Financing Prevention Act Onboarding questionnaires per client type, identity checks and screening through connected providers, client limits. Your compliance officer 7 Travel Rule under Regulation (EU) 2023/1113 Originator and beneficiary data captured at onboarding and on each transfer, exchanged through a connected Travel Rule provider. Your compliance officer 8 Outsourcing of critical or important functions Service description, contract terms, audit and access rights, exit support. You, with our input Estonia ## Payment rails and providers Rails your customers can use SEPA SEPA Instant SWIFT On-chain transfers Internal transfers ![Kraken](https://crassula.io/static/images/solutions/connector-logos/kraken.13f0122dfa3c.png) ### Kraken MiCA-authorised by the Central Bank of Ireland and able to serve the EEA. Liquidity for your exchange service. Confirm with Kraken whether Kraken Embed is available for Estonian clients. ### [Prefer another provider?](https://crassula.io/connectors/) Crassula connects 60+ payment, banking and compliance integrations. We will check which ones fit your licence. *Explore all connectors →* **24/7**real-time processing, no batch window **60+**payment and provider integrations connected **150+**companies run on Crassula **15+**languages the platform speaks Estonia ## Dates to plan around Rules that change what you have to build, in the order they apply. 1. **1 Jul 2024** Estonia's Market in Crypto-Assets Act enters into force, naming Finantsinspektsioon as the authority for CASPs. 2. **30 Dec 2024** MiCA applies to CASPs, together with the crypto Travel Rule under Regulation (EU) 2023/1113. 3. **17 Jan 2025** DORA applies to crypto-asset service providers. 4. **23 Mar 2026** Finantsinspektsioon warns that firms applying late are unlikely to get a decision before the deadline and must submit wind-down plans. 5. **1 Jul 2026** The transition ends. The FIU cancels the register data of virtual currency service licences, and only MiCA-authorised firms may serve Estonian clients. CASP ## Applying to Finantsinspektsioon as a CASP? Name us in your application. Finantsinspektsioon looks at governance, capital, client assets, ICT and conduct, which is far more than the FIU ever checked. We give you a working platform and the technical part of the file, while your legal advisers handle the rest. [Talk to us about your application](https://crassula.io/request-demo/) Crassula provides technology and documentation support. We do not provide legal or regulatory advice and cannot guarantee the outcome of an application. 1. 01 ### A platform you can demonstrate A configured environment to show the regulator, not slides. 2. 02 ### The technical part of your application, prepared ICT systems, security and DORA, outsourcing and business continuity sections, plus data for your wind-down plan. 3. 03 ### Providers lined up Liquidity through Kraken, plus banking, custody and KYC providers from our network, matched to your licence. ![A customer checking digital-asset balances at home.](https://crassula.io/static/images/features/people/assets-1200.7142bcecf019.webp) Crypto Banking ## How a launch usually runs Picture a Tallinn team that held one of the last FIU licences and filed with Finantsinspektsioon in spring 2026. Its decision did not arrive before 1 July, so it stopped onboarding, kept existing clients informed and handed over the wind-down plan the supervisor had asked for. Its first product, built in-house, could not produce a clean per-client register of positions. We set up the environment in its brand with Kraken liquidity and the custody infrastructure it contracts, and migrate its client balances onto the ledger. The ICT and DORA sections are rewritten around the new set-up, and the operations team shows Finantsinspektsioon a working reconciliation. Once authorised, it reopens sign-ups in Estonia and notifies its passport for Finland and Latvia. For the regulatory background, read our [guide to the Estonian VASP to CASP move](https://crassula.io/guides/licenses/estonia-vasp/) and the [MiCA CASP licence guide](https://crassula.io/guides/licenses/mica-casp/). Guides ## Read the licence guides ![Estonia VASP to CASP License in 2026: The Complete Guide](https://crassula.io/static/images/guides/estonia-vasp/tallinn-tower-preview-960.385804879fb3.jpg) ### [Estonia VASP to CASP License in 2026: The Complete Guide](https://crassula.io/guides/licenses/estonia-vasp/) ![MiCA CASP License in 2026: The Complete Guide](https://crassula.io/static/images/guides/mica-casp/mica-crystal-preview-960.09abba5803a6.jpg) ### [MiCA CASP License in 2026: The Complete Guide](https://crassula.io/guides/licenses/mica-casp/) ![Cryptoasset Business Registration in 2026: MiCA, CASP and Beyond](https://crassula.io/static/images/guides/cryptoasset-business/crypto-seal-preview-960.c7da663526d7.jpg) ### [Cryptoasset Business Registration in 2026: MiCA, CASP and Beyond](https://crassula.io/guides/licenses/cryptoasset-business/) ![Crypto Banking as a Service in 2026: Architecture, Software and Launch Path](https://crassula.io/static/images/guides/what-is-crypto-banking/crypto-bank-links-preview-960.7748647fa1c9.jpg) ### [Crypto Banking as a Service in 2026: Architecture, Software and Launch Path](https://crassula.io/solutions/crypto-banking/guides/what-is-crypto-banking/) ![White-Label Crypto Wallet in 2026: The Complete Guide](https://crassula.io/static/images/guides/white-label-crypto-wallet/crypto-cold-wallet-preview-960.c0246c88ffb1.jpg) ### [White-Label Crypto Wallet in 2026: The Complete Guide](https://crassula.io/solutions/crypto-banking/guides/white-label-crypto-wallet/) [**Explore all guides**Licensing, payments, cards and core banking, explained by our team.](https://crassula.io/guides/) Estonia · CASP ## FAQ The questions teams ask us before a first call. [**Not covered here?**Bring your question to a demo with our team.](https://crassula.io/request-demo/) Did FIU licences convert into CASP authorisations? No. Each firm had to file a full new application with Finantsinspektsioon. The FIU cancelled the register data of the old licences on 1 July 2026. Of the 641 licences valid in mid-2021, only 36 were still valid at the start of 2026. What does Finantsinspektsioon charge to process an application? A processing fee of EUR 3,000 applies to an authorisation application, and ongoing supervision fees follow once you are authorised. Why does Finantsinspektsioon ask for a wind-down plan? Applicants still under review on 1 July 2026 could not keep serving clients, so the supervisor wanted proof that client assets could be returned or moved without harm. MiCA also requires an orderly wind-down plan from CASPs that hold client assets. How long does the review take? MiCA allows 25 working days to check completeness and 40 working days to decide, plus up to 20 working days of suspension when Finantsinspektsioon asks for more. Questions and gaps usually make it longer. How much capital do we need? MiCA sets EUR 50,000 for class 1 services, EUR 125,000 for custody or exchange (class 2) and EUR 150,000 for a trading platform (class 3), or a quarter of last year's fixed overheads if that is higher. Does Crassula hold our clients' crypto? No. Crassula is the software layer for accounts, exchange, apps and back office. Keys sit in the custody infrastructure you contract, and you answer for custody to clients and Finantsinspektsioon. Estonia · CASP ## What a Finantsinspektsioon CASP authorisation lets you offer Tell us your licence and country. We will map the rails, providers and documents you need. [Request demo](https://crassula.io/request-demo/) [**Know what you pay**One setup fee and a monthly plan with accounts and transactions included.*See pricing →*](https://crassula.io/prices/) [**Start with the API**Documented endpoints for accounts, payments, cards and customers.*Explore the API →*](https://crassula.io/features/api/)