Netherlands Implements Transitional Period for Crypto Regulations Under MiCA Framework

The Netherlands continues to solidify its position as a crypto-friendly jurisdiction with the implementation of a 12-month transitional period for crypto Asset Service Providers (CASPs). Existing operators may continue services under current regulations while pursuing mandatory MiCA licensing from the Dutch Authority for Financial Markets (AFM).

AFM began accepting MiCA license applications in April 2024, marking a pivotal step in harmonizing Dutch crypto regulations with broader EU standards. The regulatory approach balances innovation with compliance, allowing legacy operators to adapt while ensuring only authorized entities provide services post-transition.

While lacking specific digital asset laws, the Netherlands incorporates EU anti-money laundering directives (AMLD5) and emerging MiCA standards. This regulatory clarity contrasts with more restrictive jurisdictions, potentially attracting crypto businesses seeking EU market access through Dutch regulatory gateways.