Glossary
Passporting
The principle that an authorisation granted in one EU or EEA state is valid throughout the bloc without further authorisation.
Passporting is what makes the EU a single market for regulated services. For crypto, it means a CASP authorised in Ireland can serve customers in Germany, France or Spain on the strength of that one authorisation.
It also means the home-state decision is strategic. Regulators differ in how quickly they process, how much substance they expect and how familiar they are with a given business model — and those differences do not follow from the rulebook, which is identical.
Where this comes up
See also
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