Hanfa Board meeting: third authorisation issued under MiCA
At its meeting today, the Board of the Croatian Financial Services Supervisory Agency (Hanfa) adopted a decision granting authorisation to the company DIGITAL ASSETS from Split to operate as a crypto‑asset service provider (CASP), in accordance with Regulation (EU) 2023/1114 on markets in crypto‑assets (MiCA) and the Act implementing that Regulation. DIGITAL ASSETS thus becomes the third company in Croatia to obtain such authorisation, commonly referred to as a crypto licence.
This regulatory framework represents the first comprehensive effort at the level of the European Union to systematically regulate the crypto-asset market, with the aim of enhancing security and transparency.
The introduction of MiCA establishes an obligation for companies wishing to provide crypto-asset services to obtain prior authorisation from the competent regulator. The licensing process includes an assessment of compliance with organisational, staffing and capital requirements, including the business plan, governance structure, and the expertise and good repute of management and qualifying shareholders. Particular attention is given to risk management systems, IT security, and anti-money laundering and terrorist financing measures.
Special emphasis is placed on consumer protection. Service providers are required to ensure clear segregation of clients’ assets from their own, as well as to provide transparent information on services and associated risks. This further strengthens trust and reduces the scope for misuse.
Companies that obtain authorisation are entered into the relevant Hanfa register and may provide services in other EU Member States. At the same time, existing virtual asset service providers may continue to operate without a crypto licence until 1 July 2026 at the latest, after which crypto-asset services may be provided only upon obtaining a new licence.
The granting of authorisation to DIGITAL ASSETS marks a further step in establishing a well-regulated and supervised crypto-asset market in Croatia, contributing to its professionalisation and a higher level of consumer protection.
More details about this and other decisions from today's meeting of the Hanfa Board are available here.
