The Czech National Bank said it has authorised 11 entities to provide crypto-asset services under the EU Markets in Crypto-Assets Regulation as the transitional period ended on 1 July. From that date, only legal entities authorised by a competent authority in an EU member state may provide crypto-asset services across the European Union. The requirement covers activities including custody, trading platforms, investment advice and portfolio management in relation to crypto-assets, as well as centralised exchanges. By 1 July 2026, the Czech National Bank had assessed 251 authorisation applications, including notifications from existing financial market entities planning to provide crypto-asset services, with 204 filed during the transitional period. It said it received the highest number of MiCA applications in the EU, but many were materially incomplete, lacked essential information and documentation, or came from entities without a verifiable track record, with virtual registered addresses, or intending to operate abroad. Only a very small proportion of applicants had a realistic and transparent business model, ownership structure and financing method. Entities not authorised by 1 July 2026 may no longer offer crypto-asset services in the EU, must stop onboarding new clients and must inform existing clients about the wind-down of their activities. Providing services without authorisation after the transitional period is a breach of MiCA and may trigger supervisory and enforcement action. The Czech National Bank noted that this also applies to Binance, which applied through the Greek regulator but did not obtain authorisation before the deadline, and said authorised firms may use the EU single market regime to provide services across the bloc once they notify their intention to do so.

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