ManagoraMANAGORA
ESEN
Exchanges, custodians, brokers and crypto-asset platforms operating, or seeking to operate, in Spain under MiCA

Your CASP authorisation before the CNMV, prepared and defended from start to finish.

We prepare your authorisation as a crypto-asset service provider (CASP) before the CNMV (the Spanish securities markets regulator) under the European MiCA Regulation: programme of operations, governance model, minimum capital, business continuity and cybersecurity plan (DORA), anti-money laundering policies and, if you issue tokens, the white paper. We handle the dealings with the CNMV from start to finish. Operating without authorisation is a serious infringement: we help you regularise your position.

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Who it is for and what you need

Authorisation as a crypto-asset service provider (CASP) before the CNMV (Spanish securities market regulator) under the Reglamento (UE) 2023/1114 (MiCA). This is not a self-service procedure: it is a financial licence file that we prepare and defend, tailored to you.

Which businesses this is for
Exchanges and trading platforms
Fiat-to-crypto and crypto-to-crypto exchange, and the operation of trading platforms.
Custodians and wallet providers
Custody and administration of crypto-assets on behalf of clients.
Brokers and intermediaries
Reception, transmission and execution of orders, and placement.
Portfolio management and advice
Portfolio management, advice on crypto-assets and crypto neobanks.
Requirements
Minimum capital
€50,000, €125,000 or €150,000 depending on the class of services (custody, exchange or trading platform).
Programme of operations and governance
Business model, management bodies and the fitness and propriety of directors.
Continuity and cybersecurity (DORA)
Business continuity plan and digital operational resilience.
Anti-money laundering
AML/PBC manual, representative before the SEPBLAC (Spanish anti-money laundering authority) and Travel Rule (Reg. UE 2023/1113).
Safeguarding of funds and white paper
Protection of client assets, and the MiCA white paper if you issue tokens.
What we do for you
We assemble the complete CASP authorisation file.
We prepare governance, capital, the continuity plan, DORA and AML/PBC policies.
We draft the MiCA white paper if you issue tokens or admit them to trading.
We handle all dealings with the CNMV and respond to its requests for information.
Key facts
Authority
CNMV (Comisión Nacional del Mercado de Valores, the Spanish securities market regulator).
Legislation
Reglamento (UE) 2023/1114 (MiCA), arts. 59 to 63.
Deadline
The transitional regime for firms already operating ends on 1 July 2026; after that date, only authorised firms may operate.
Format
Bespoke engagement, with a fixed quote after an initial meeting.
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The problem

Without authorisation, you cannot operate
Providing crypto-asset services without a CASP licence is a very serious infringement: cessation of activity and heavy fines.
This is a financial licence, not a form
Programme of operations, governance, capital, DORA and anti-money laundering: a full regulatory project.
The CNMV sends back a poorly assembled file
An incomplete or poorly reasoned application is refused, and the time lost means your operations stay on hold.
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What we take off your hands

Turnkey CASP application
Programme of operations, governance, capital, business continuity and cybersecurity (DORA), all prepared by us.
We deal with the CNMV
We file, we answer requests for further information and we defend the application through to authorisation.
Anti-money laundering and white paper included
Anti-money laundering manual and, if you issue tokens, the MiCA white paper.
Bespoke, not self-service
A high-value engagement with a fixed fee agreed upfront: you tell us your case and we build the file.
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How it works

01

You provide the paperwork

Through the website or integrated with your own software. Your team learns nothing new.

02

We spot the problems

We apply the rules and the case-by-case detail of each filing before we submit it.

03

We prepare the file

We calculate, fill in and leave every procedure ready to be filed.

04

We file it

We file it in your name and hand you back the official acuse (filing receipt).

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Included in your plan

You do not need to know which procedure applies to you: we identify it and we file it for you.

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