Readiness申请准备清单Readiness Checklist
申请前应先确认Before Filing
- CASP 申请人通常需为立陶宛或欧盟内可接受的法律实体，并向 Bank of Lithuania 证明管理层、股东、治理、系统、资本和合规能力。
- 部分已受监管金融机构可根据 MiCAR Article 60 通过 notification 路径提供若干加密资产服务，但需逐项核验是否适用。
- EMI 申请人需证明业务计划、初始资本、股东资金来源、董事/管理层适格性、AML/CFT、客户资金 safeguarding、IT 和运营安排。
- A CASP applicant generally needs to be a Lithuanian or otherwise acceptable EU legal entity and demonstrate management, shareholder, governance, systems, capital and compliance capability to the Bank of Lithuania.
- Some already-regulated financial institutions may provide certain crypto-asset services through a notification route under MiCAR Article 60, but applicability must be checked item by item.
- An EMI applicant must demonstrate business plan, initial capital, source of shareholder funds, director/management fitness, AML/CFT, customer funds safeguarding, IT and operations.
监管重点Regulatory Focus
- CASP：治理、合规、风险管理、客户资产保护、投诉处理、利益冲突、外包、IT 安全、业务连续性、市场滥用防控和监管报告。
- 加密资产服务需建立 AML/CFT、制裁筛查、链上交易监控、Travel Rule、钱包风险识别和可疑交易报告流程。
- EMI：客户资金 safeguarding、自有资金计算、交易监控、反洗钱、支付安全、运营韧性、监管报告和消费者保护。
- CASP: governance, compliance, risk management, client asset protection, complaint handling, conflicts, outsourcing, IT security, business continuity, market abuse controls and regulatory reporting.
- Crypto-asset services require AML/CFT, sanctions screening, on-chain transaction monitoring, Travel Rule, wallet risk identification and suspicious transaction reporting.
- EMI: customer funds safeguarding, own funds calculations, transaction monitoring, AML, payment security, operational resilience, regulatory reporting and consumer protection.
交付材料Delivery Workstream
- MiCAR CASP 与 EMI 活动边界分析，判断是否单一路径、双牌照或分阶段申请。
- 准备申请路线图、资本模型、组织架构、关键人员清单、客户资金/客户资产流程和监管问询预案。
- 起草业务计划、AML/CFT、Travel Rule、客户资产、safeguarding、IT、外包、投诉处理和合规手册。
- 协调立陶宛本地律师、会计、银行/EMI 通道、董事/办公室和监管申请递交。
- MiCAR CASP and EMI activity perimeter analysis to determine single route, dual licence or phased application.
- Application roadmap, capital model, organisation structure, key personnel list, customer funds/client asset process and regulatory Q&A plan.
- Drafting of business plan, AML/CFT, Travel Rule, client asset, safeguarding, IT, outsourcing, complaints and compliance manuals.
- Coordination with Lithuanian local counsel, accountants, banks/EMI channels, directors/office and regulatory filing.
监管机构与法律依据Regulator & Statutory Basis
- 监管机构：立陶宛银行（Bank of Lithuania）。
- CASP 路径依据《欧盟加密资产市场条例》（Regulation (EU) 2023/1114, MiCAR）；立陶宛银行已开始根据 MiCAR 授予 crypto-asset service provider authorisation。
- EMI 路径依据立陶宛电子货币机构监管框架；unrestricted EMI licence 可在欧盟范围内 passport，restricted EMI 仅限立陶宛境内并受业务规模限制。
- Regulator: Bank of Lithuania.
- CASP route is based on Regulation (EU) 2023/1114 on Markets in Crypto-Assets (MiCAR). The Bank of Lithuania has started granting crypto-asset service provider authorisations under MiCAR.
- EMI route is based on the Lithuanian electronic money institution framework. An unrestricted EMI licence can be passported across the EU, while a restricted EMI is limited to Lithuania and subject to scale limits.
Bank of Lithuania 立陶宛银行（Bank of Lithuania）；《欧盟加密资产市场条例》（Regulation (EU) 2023/1114, MiCAR）；立陶宛电子货币及支付机构相关法律；EMI 电子货币机构牌照Bank of Lithuania; Regulation (EU) 2023/1114 (MiCAR); Lithuanian EMI/payment institution framework
适用业务范围Permitted Activities
- MiCAR CASP：加密资产托管与管理、运营交易平台、加密资产与资金/其他加密资产兑换、执行订单、配售、接收和传递订单、提供加密资产建议、投资组合管理、转账服务等。
- EMI：发行和赎回电子货币，并可提供支付账户、转账、汇款、支付交易、现金存取等支付服务。
- CASP 与 EMI 可分别服务不同业务目的：CASP 解决加密资产服务授权，EMI 解决电子货币、支付账户和欧盟支付通道能力。
- 如涉及稳定币、ART/EMT、交易平台或托管，应同步评估 MiCAR issuer / CASP obligations、资金流和客户资产保护。
- MiCAR CASP: custody and administration of crypto-assets, operation of a trading platform, exchange of crypto-assets for funds or other crypto-assets, execution of orders, placing, reception and transmission of orders, advice, portfolio management and transfer services.
- EMI: issuance and redemption of electronic money, and payment services such as payment accounts, transfers, remittance, payment transactions and cash deposits/withdrawals.
- CASP and EMI serve different purposes. CASP covers crypto-asset services, while EMI covers e-money, payment accounts and EU payment channel capability.
- If stablecoins, ART/EMT, trading platforms or custody are involved, MiCAR issuer and CASP obligations, fund flow and client asset protection should be assessed together.
申请人资格Applicant Eligibility
- CASP 申请人通常需为立陶宛或欧盟内可接受的法律实体，并向 Bank of Lithuania 证明管理层、股东、治理、系统、资本和合规能力。
- 部分已受监管金融机构可根据 MiCAR Article 60 通过 notification 路径提供若干加密资产服务，但需逐项核验是否适用。
- EMI 申请人需证明业务计划、初始资本、股东资金来源、董事/管理层适格性、AML/CFT、客户资金 safeguarding、IT 和运营安排。
- 申请材料通常需以 Lithuanian 或 English 准备；境外文件可能需要 apostille / legalisation。
- A CASP applicant generally needs to be a Lithuanian or otherwise acceptable EU legal entity and demonstrate management, shareholder, governance, systems, capital and compliance capability to the Bank of Lithuania.
- Some already-regulated financial institutions may provide certain crypto-asset services through a notification route under MiCAR Article 60, but applicability must be checked item by item.
- An EMI applicant must demonstrate business plan, initial capital, source of shareholder funds, director/management fitness, AML/CFT, customer funds safeguarding, IT and operations.
- Application materials usually need to be prepared in Lithuanian or English. Foreign documents may require apostille or legalisation.
资本要求Capital Requirements
- MiCAR Article 67 下 CASP 初始资本按服务类别分级：Class 1 为 EUR 50,000，Class 2 为 EUR 125,000，Class 3 为 EUR 150,000；最终还需满足自有资金/固定开支等审慎要求。
- Unrestricted EMI 通常需 EUR 350,000 初始资本，并持续满足自有资金与客户资金 safeguarding 要求。
- Restricted EMI 不适用最低初始资本要求，但业务仅限立陶宛，且受平均未偿电子货币/支付交易额等限制。
- 如业务同时涉及 CASP + EMI，应合并建模资本、客户资产、客户资金、链上资产、法币通道和运营开支。
- Under MiCAR Article 67, CASP initial capital is tiered by service class: Class 1 EUR 50,000, Class 2 EUR 125,000 and Class 3 EUR 150,000. Own funds and fixed overhead requirements also apply.
- Unrestricted EMI generally requires EUR 350,000 initial capital and ongoing own funds and customer funds safeguarding.
- Restricted EMI is not subject to a minimum initial capital requirement, but business is limited to Lithuania and subject to average outstanding e-money/payment transaction thresholds.
- If the business involves both CASP and EMI, capital, client assets, customer funds, on-chain assets, fiat channels and operating expenses should be modelled together.
关键合规要求Key Compliance Obligations
- CASP：治理、合规、风险管理、客户资产保护、投诉处理、利益冲突、外包、IT 安全、业务连续性、市场滥用防控和监管报告。
- 加密资产服务需建立 AML/CFT、制裁筛查、链上交易监控、Travel Rule、钱包风险识别和可疑交易报告流程。
- EMI：客户资金 safeguarding、自有资金计算、交易监控、反洗钱、支付安全、运营韧性、监管报告和消费者保护。
- 跨境服务和 passporting 需在业务上线前确认目标成员国通知、营销口径和本地消费者保护规则。
- CASP: governance, compliance, risk management, client asset protection, complaint handling, conflicts, outsourcing, IT security, business continuity, market abuse controls and regulatory reporting.
- Crypto-asset services require AML/CFT, sanctions screening, on-chain transaction monitoring, Travel Rule, wallet risk identification and suspicious transaction reporting.
- EMI: customer funds safeguarding, own funds calculations, transaction monitoring, AML, payment security, operational resilience, regulatory reporting and consumer protection.
- Cross-border services and passporting require target member state notification, marketing approach and local consumer protection rules to be confirmed before launch.
时间表Timeline
- 路径评估与实体准备：4 - 8 周，包括 MiCAR/EMI 活动映射、资本测算、组织图、关键人员和政策差距分析。
- CASP authorisation：通常 6 - 12 个月，取决于服务类别、系统复杂度、AML/CFT、管理层和监管问询。
- EMI licence：通常 6 - 12 个月或更长，取决于客户资金 safeguarding、IT、AML/CFT、资本、股东来源和运营准备度。
- 如同时申请 CASP 与 EMI，应分阶段推进，避免资金流、客户资产和监管边界相互冲突。
- Route assessment and entity preparation: 4-8 weeks, including MiCAR/EMI activity mapping, capital calculation, organisation chart, key personnel and policy gap analysis.
- CASP authorisation: usually 6-12 months depending on service class, system complexity, AML/CFT, management and regulator questions.
- EMI licence: usually 6-12 months or longer depending on customer funds safeguarding, IT, AML/CFT, capital, shareholder source of funds and operational readiness.
- If applying for both CASP and EMI, the applications should be phased to avoid conflicts in fund flow, client assets and regulatory perimeter.
政府收费Government Fees
- CASP、EMI 申请和监管费用以 Bank of Lithuania 最新费用表和申请表为准。
- 预算应另列公司设立、法定审计、合规官/MLRO、IT 审查、当地董事/办公室、翻译、公证及 apostille 等成本。
- CASP and EMI application and supervisory fees are subject to the Bank of Lithuania's latest fee schedule and application forms.
- Budget should also include company formation, statutory audit, compliance officer/MLRO, IT review, local directors/office, translation, notarisation and apostille costs.
持续合规义务Ongoing Obligations
- CASP：资本充足、监管报告、客户资产与钱包控制、投诉记录、市场滥用监测、AML/CFT、Travel Rule 和重大变更通知。
- EMI：客户资金 safeguarding、定期财务/资本报告、审计、运营风险、支付安全、反洗钱和消费者保护。
- 跨境 passporting 后需维护目标市场通知、产品/营销材料、本地合规和监管沟通记录。
- CASP: capital adequacy, regulatory reporting, client asset and wallet controls, complaint records, market abuse monitoring, AML/CFT, Travel Rule and material change notifications.
- EMI: customer funds safeguarding, periodic financial/capital reporting, audit, operational risk, payment security, AML and consumer protection.
- After passporting, target market notifications, product/marketing materials, local compliance and regulatory communication records must be maintained.
典型申请人画像Typical Applicant Profile
- 希望进入欧盟市场的交易所、托管商、钱包、经纪、OTC、转账、加密资产咨询或投资组合管理平台。
- 需要 EMI/支付账户/电子货币能力的支付机构、Web3 支付、跨境收款、卡产品或 embedded finance 平台。
- 已有香港、迪拜、新加坡或离岸结构，需要欧盟 regulated hub 的集团。
- Exchanges, custodians, wallets, brokers, OTC desks, transfer providers, crypto-asset advisers or portfolio managers entering the EU market.
- Payment institutions, Web3 payment platforms, cross-border collection, card product or embedded finance platforms needing EMI/payment accounts/e-money capability.
- Groups with Hong Kong, Dubai, Singapore or offshore structures needing an EU regulated hub.
Spark Advisory 服务范围Our Engagement Scope
- MiCAR CASP 与 EMI 活动边界分析，判断是否单一路径、双牌照或分阶段申请。
- 准备申请路线图、资本模型、组织架构、关键人员清单、客户资金/客户资产流程和监管问询预案。
- 起草业务计划、AML/CFT、Travel Rule、客户资产、safeguarding、IT、外包、投诉处理和合规手册。
- 协调立陶宛本地律师、会计、银行/EMI 通道、董事/办公室和监管申请递交。
- 获批后支持 passporting、报告、政策更新、审计准备和重大变更通知。
- MiCAR CASP and EMI activity perimeter analysis to determine single route, dual licence or phased application.
- Application roadmap, capital model, organisation structure, key personnel list, customer funds/client asset process and regulatory Q&A plan.
- Drafting of business plan, AML/CFT, Travel Rule, client asset, safeguarding, IT, outsourcing, complaints and compliance manuals.
- Coordination with Lithuanian local counsel, accountants, banks/EMI channels, directors/office and regulatory filing.
- Post-approval support for passporting, reporting, policy updates, audit preparation and material change notifications.