Are You Ready for Dual Licensing Under MiCA?
MiCA is a clear call to maturity for crypto-native providers; the transition from tech-first to regulatory-first thinking is essential. The days of siloed crypto-only solutions are waning. Future-ready platforms need to straddle both digital and fiat ecosystems with compliant, scalable, and secure infrastructure.
While the MiCA framework primarily aims to protect consumers, ensure financial transparency, and foster innovation in the crypto sector, it also poses critical operational and compliance challenges, particularly for providers whose technology has been built exclusively around crypto-assets.
MiCA introduces a new level of operational complexity. Most notably, services involving fiat conversions, payments, custody of customer funds, and issuing of asset-referenced tokens. And time is running out to ensure that you can effectively demonstrate readiness when seeking a payment license under PSD2.
If your platform touches fiat—whether it’s offering stablecoins redeemable in euros, enabling users off-ramp or on-ramp, executing instant payments or holding fiat balances, you now have a new set of requirements under the dual licensing approach. Does your system architecture support fiat balances, reconciliation, and regulatory reporting? Is it integrated into traditional payment infrastructures? Is it built to integrate with providers for AML, Sanction Screening, KYC and KYT, etc.?
If not, now is the time to find a core that can work with you to provide everything you need to meet licensing requirements, at speed.
Speeding your path to regulation
SaaScada’s data-driven core was built using cloud-native technologies and can hold both fiat and non-fiat currencies. SaaScada’s real-time unstructured data approach and open APIs enable us to work with a wide range of partners to help deliver all the new functionality necessary for regulation. Better yet, our real-time data capabilities ensure that you can provide lightning-fast transactional speeds for your customers whilst also enabling you to meet the transparency and disclosure requirements under MiCA.
Regulation comes with regular audits and regulatory interaction. Can you demonstrate robust IT systems, operational continuity, and security?
We can get you up and running in weeks with a solution that is already being used by Banks and EMIs in Europe. Better yet, we can run alongside your existing tech stack and integrate with existing reporting to deliver continuity, but we can also offer the ability to migrate your business fully onto SaaScada, so both fiat and non-fiat can be held on one tech stack.
Our pricing makes it affordable for new FinTechs and established providers alike to build new products and services. If you want to find out more about how SaaScada can help contact us.
