3 min •
Fumbi Network
MiCA Authorisation – Investing with the Regulated Provider Fumbi
FUMBI is one of the first companies in Slovakia to obtain authorisation to provide crypto-asset services under the MiCA regulation, issued by the National Bank of Slovakia (NBS).
Our services are therefore subject to the new European cryptocurrency regulation, which introduces clear rules, greater client protection and increased trust in the entire digital asset market.
What is MiCA
MiCA (Markets in Crypto-Assets) is a new EU legislation that changes how companies like Fumbi provide crypto services across Europe.
It introduces a mandatory authorisation from the regulator for all crypto-service providers (so-called CASPs – Crypto-Asset Service Providers) and sets unified rules that strengthen oversight and confidence in the entire sector.
The goal of MiCA is clear – to protect investors and make the crypto market safer, more transparent, and more trustworthy.
Thanks to its MiCA authorisation, Fumbi provides clients with clearly defined rules and a higher level of protection in an environment supervised by the NBS.
MiCA and Fumbi
Obtaining MiCA authorisation is an important milestone for Fumbi.
The authorisation issued by the National Bank of Slovakia confirms that the company has met all requirements set by the European regulation for crypto-asset service providers (CASP).
Fumbi thus officially operates as a regulated provider of crypto-asset services (CASP) – in accordance with the framework applicable to financial institutions in the European Union.
This step brings greater transparency, legal certainty, and trust in how our processes and services are managed.
Our internal processes include strict measures for the segregation of client assets, adherence to AML/KYC rules, internal controls, and cybersecurity, in line with the European MiCA and DORA frameworks.
With this, Fumbi has become one of the first regulated crypto-asset service providers in Slovakia operating under NBS supervision.
For clients, this means that our services continue to operate as before – simple, transparent, and compliant with EU regulation, which brings clear rules and stronger legal certainty.
The authorisation also enables Fumbi to provide services throughout the EU through the passporting mechanism, without requiring separate authorisations in other Member States.
This step strengthens confidence that our processes and services are managed in accordance with unified European rules that emphasise transparency, responsibility, and client protection in the rapidly evolving digital asset environment.
Scope of Regulated Fumbi Services Under the Authorisation
- Exchange of crypto-assets for funds (fiat currencies)
- Exchange of crypto-assets for other crypto-assets
- Custody and administration of client crypto-assets
- Transfers of crypto-assets
- Advice on crypto-assets
- Portfolio management of crypto-assets
(These services are subject to direct supervision by the NBS and must meet all MiCA requirements.)
TAKE ADVANTAGE OF CRYPTO’S POTENTIAL
Services Outside the Scope of MiCA
Some activities, such as staking, lending, DeFi operations or self-custody wallets, are currently outside the scope of MiCA.
Fumbi therefore offers them outside the range of authorised services, in compliance with applicable legislation and with a focus on safe, transparent, and responsible service provision.
MiCA Timeline
| Date | Event |
| 20 April 2023 | MiCA regulation approved by the European Parliament |
| 9 June 2023 | MiCA published in the Official Journal of the EU |
| 29 June 2023 | MiCA enters into force – preparation period begins for Member States and crypto-service providers |
| 30 June 2024 | Application of rules for ART/EMT tokens begins (asset-referenced tokens and e-money tokens) |
| 30 December 2024 | Application of rules for crypto-asset service providers (CASP) begins |
| 17 December 2025 | Fumbi obtains MiCA authorisation – becoming one of the first companies in Slovakia authorised to provide crypto-asset services under MiCA. |
| 31 December 2025 | Clients of FUMBI NETWORK j. s. a. are being transferred to FUMBI, s. r. o., which is a regulated service provider under MiCA. On this date, the new Client Agreements and Terms & Conditions also enter into force, and you can find them directly in your account. |
FAQ
1. What exactly does it mean that Fumbi has MiCA authorisation?
It means that the National Bank of Slovakia has granted FUMBI, s. r. o., authorisation to provide crypto-asset services under the MiCA regulation.
This authorisation confirms that the company has met all requirements set by the European regulation, including rules on client protection, risk management, asset administration, and operational transparency.
Fumbi therefore operates as a regulated crypto-asset provider under the supervision of the NBS, within the unified European framework for digital assets.
2. Will MiCA affect my existing contracts and services?
The introduction of the MiCA regulation brings several organisational changes, but these occur automatically and do not require signing new contracts.
Clients who had a contract with FUMBI NETWORK j. s. a. will, as of the effective date of the new Terms and Conditions, i.e. 31 December 2025, become clients of FUMBI, s. r. o., which has obtained an authorization under the MiCA Regulation.
The new Client Agreement will be automatically made available to every client in the platform and will replace the previous User Agreement.
In line with the MiCA regulation, we are introducing two service delivery models:
- Brokerage Services, which are available to all clients, and
- Active Management, which is intended for natural persons and is provided after an appropriateness assessment.
If, on the effective date of the changes, you were using staking—which is now part of the Active Management model—it will be temporarily made available to you free of charge during a transitional 90-day period. This will give you time to consider whether you wish to use the Active Management model and, if interested, complete the investment questionnaire based on which we will assess whether this model is suitable for you.
The temporary availability of staking does not mean an automatic transition to the Active Management model.
3. What do I need to do if I already have an investment in a product that falls under the new MiCA rules?
If you use products or services that fall under the new MiCA rules, their continued provision after the effective date of the changes may be adjusted depending on the outcome of the so-called suitability assessment.
During the transitional period, we will ask you to complete an investment questionnaire. If you do not complete the questionnaire, or if the result of the suitability assessment shows that a certain product or service is not suitable for you, it will not be possible to continue actively using that product or service.
In such a case, the relevant crypto-assets will remain available to you under the Brokerage Services model, primarily through the Fumbi Custom product, in accordance with the applicable rules.
This ensures that your assets remain safely accessible in your account and you can continue to manage them at your discretion.
4. Is the processing of my personal data changing?
The processing of your personal data will continue to take place to the same extent and for the same purposes, in accordance with applicable legal regulations. From the effective date of the changes, the controller of your personal data will be FUMBI, s. r. o.; you can find more details in the updated Privacy Policy.
5. Why is MiCA important for investors?
MiCA brings a clear and unified legal framework for cryptocurrencies across all EU countries.
It ensures that crypto-service providers must:
– keep client funds segregated from their own,
– transparently inform about risks, products, and fees,
– comply with security, internal control, and AML/KYC requirements.
For investors, this means a higher level of protection, greater transparency, and clearer rules, making the environment of crypto-asset services more understandable and trustworthy.
6. Can I invest through Fumbi outside Slovakia?
Yes – MiCA enables so-called “passporting” of authorisations, which allows Fumbi, after completing the required notifications to individual Member States, to provide its services in other EU countries.
Once these notifications are made, Fumbi’s services will be accessible throughout the EU in accordance with the unified regulatory rules under MiCA.
7. Which Fumbi services fall under MiCA and which do not?
Under MiCA, the services for which Fumbi has authorisation from the National Bank of Slovakia include:
crypto-asset exchange, custody and administration, advisory, portfolio management, and transfers on behalf of clients.
Conversely, activities such as staking, lending, DeFi operations or self-custody wallets are not yet included in the MiCA framework and are not supervised by the NBS.
Fumbi, therefore, offers them separately from regulated services, with an emphasis on transparency and safe operations.
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