The crypto industry in Europe is changing faster than ever. With the introduction of new EU crypto regulations, such as the MiCA crypto regulation (EU 2023/1114), many P2P traders are wondering if they now require a full MiCA CASP license to maintain a legally compliant business.
The short answer is — not necessarily. There’s a smarter way to operate within the EU without the heavy cost and bureaucracy of a full CASP license. That opportunity is found in Slovakia.
Why Slovakia Is the Right Place to Start a Crypto Business
Slovakia has quietly become one of the most practical locations for crypto entrepreneurs seeking to establish a legally compliant crypto business within the EU.
The country’s regulatory system is clear, transparent, and offers one of the most flexible structures for P2P traders and OTC operators.
Under the Slovak AML Act (No. 297/2008 Coll.), trading crypto on your own account is classified as a VASP (Virtual Asset Service Provider) activity — not a CASP service.
That legal difference allows companies to get a crypto license in Slovakia and continue trading without being subject to the full MiCA regime.
In simple terms: you can buy and sell crypto, execute OTC deals, and use P2P platforms — all within the law.
What You Can Do With a Slovak Crypto License
A Slovakia crypto license (VASP registration) provides a legitimate foundation for a range of trading activities, including:
- Buying crypto with fiat currencies such as EUR.
- Selling crypto for fiat.
- Conducting P2P transactions on platforms like Binance P2P, Bybit P2P, and OKX.
- Exchanging one cryptocurrency for another.
- Executing bilateral OTC deals with counterparties.
This setup is ideal for traders who prefer to operate independently, without holding client funds or providing custodial services.
Your business remains transparent and compliant with EU crypto regulations, while maintaining full flexibility.
Legal Simplicity: How to Register a Cryptocurrency Company in Slovakia
Setting up a cryptocurrency company in Slovakia is straightforward if you follow a few key steps.
- Incorporate your company.
Establish a Slovak legal entity that complies with AML and corporate standards. - Prepare the documents.
Founders and directors must have clean criminal records and provide identification documents. - Apply for VASP registration.
Registration is handled by the Financial Intelligence Unit (FIU). Once approved, you receive your official authorization to operate. - Obtain a local legal opinion.
It’s essential to verify with Slovak lawyers that your activities fall under VASP rules, rather than MiCA CASP licensing. - Open a payment account.
After approval, your company can open accounts with European payment institutions that work with crypto businesses. - Begin operations.
You can now buy, sell, and exchange digital assets under your own legal entity — fully compliant and ready for growth.
The process usually takes just a few weeks and involves minimal bureaucracy compared to other EU jurisdictions.
Key Benefits of Getting a Crypto License in Slovakia
Gain instant credibility and unmatched operational flexibility as a registered VASP in Slovakia.
- Enjoy a fast and transparent registration process where every step is clearly defined.
- Start with just €5,000 in share capital, making entry attainable for most businesses.
- Manage your company remotely — no need for a local director.
- Operate EU-wide with a Slovak crypto license honored across Europe.
- Enjoy clear, predictable compliance processes under the Slovak AML Act.
Unlike jurisdictions where crypto licensing is complex or uncertain, Slovakia provides a stable environment for P2P traders to operate efficiently and with confidence.
Why Legal Opinions Matter
Many traders overlook one critical step — obtaining a legal opinion.
In Slovakia, this document from a certified law firm confirms that your business model fits the VASP category and doesn’t require a MiCA CASP license.
This opinion not only helps during registration but also protects you when opening accounts with payment providers or trading on major platforms.
It’s a cornerstone of running a legitimate crypto business in Slovakia.
Working With Experts: Manimama’s Role
At Manimama, we specialize in crypto regulation and licensing across Europe.
Our team assists clients worldwide with company incorporation, VASP registration, and ongoing compliance support.
What we do for clients:
- Register crypto companies in Slovakia and other EU states.
- Handle VASP registration with the Financial Intelligence Unit.
- Prepare AML and internal compliance documentation.
- Obtain legal opinions from local law firms.
- Help open corporate payment and crypto-friendly bank accounts.
- Support verification on major P2P trading platforms.
We’ve helped dozens of businesses get a crypto license in Slovakia — from solo traders to structured OTC desks and early-stage exchanges.
Why Slovakia Is a Smart Move for Crypto Entrepreneurs
Choosing Slovakia means choosing balance: full legal certainty, low setup costs, and access to the European market.
Instead of investing time and money into a complex MiCA CASP license, traders can operate under a recognized and efficient VASP registration.
For anyone looking to start a crypto business in the EU, Slovakia offers:
- Legal transparency and credibility.
- Fast and affordable setup.
- Recognition by European authorities.
- Access to financial partners who are comfortable with crypto.
In an era when regulation can feel like a roadblock, Slovakia offers a genuine pathway for growth.
Conclusion
Launching your P2P crypto business in Slovakia isn’t just about compliance — it’s about smart positioning in the evolving European market.
The Slovak framework enables traders and OTC operators to remain compliant, agile, and efficient.
At Manimama, we simplify this process so you can focus on what matters — growing your business, expanding your network, and trading confidently within the European Union.
If you’re ready to build your crypto business on solid legal ground, Slovakia is your best starting point.
The content of this article is intended to provide a general guide to the subject matter, not to be considered as a legal consultation.
