MiCA's Post-Transition Landscape: A New Era for European iGaming Operators

European iGaming operators that accept or facilitate crypto payments must now understand whether their payment partners hold valid Crypto-Asset Service Provider (CASP) authorisation under MiCA and which services that authorisation covers. This is according to Mykyta Kim, CEO of Key2Law, who explains in an interview with European Gaming how the close of MiCA's transitional period on July 1 has changed the regulatory landscape for operators.

Kim notes that relying on assurances from payment partners is no longer enough under the post-transition MiCA regime. Operators must now demonstrate that their entire crypto payment infrastructure complies with applicable legal requirements.

The absence of CASP authorisation in a payment partner can be a significant warning sign for operators, who should conduct both a legal and operational risk assessment to determine the impact on payment continuity, banking relationships, and compliance obligations.