MiCA in Denmark: rules, supervision and CASP licenses

Finanstilsynet is Denmark's national competent authority under MiCA. The regulation's rules for crypto-asset service providers took effect across the EU on 30 December 2024, and Denmark chose one of the shorter transitional windows: existing providers had until 30 December 2025 to obtain a CASP authorisation. Since that date, offering crypto trading, custody or exchange services to Danish customers without a licence is simply not permitted.

Denmark's first CASP authorisation under MiCA was granted to Penning (FTID 10902) — a fact you should not take this page's word for. Look it up in the register; that is precisely what the register is for.

Search Finanstilsynet's company register (virksomhedsregister.finanstilsynet.dk) for the provider's name, or check ESMA's EU-wide register of authorised CASPs. The entry shows what the firm is actually authorised to do — custody, exchange, execution, portfolio management — which matters, because a licence covers specific services, not everything a website happens to offer.

If a provider serving Danish customers appears in neither register, the rest of your due diligence is moot. No entry means no authorisation.

Before MiCA, Danish crypto firms operated under anti-money-laundering registration alone — a thin regime that said nothing about custody, capital or conduct. CASP authorisation adds the substance: client assets must be held segregated from the firm's own, capital requirements apply, fees and risks must be disclosed clearly, and a formal complaints procedure is mandatory.

What MiCA does not change: crypto remains a volatile asset class, and holdings are not covered by the Danish deposit guarantee (Garantiformuen). Regulation makes the provider accountable — it does not make the asset safe.