EU CRYPTO REGISTER · AUTHORISED · LAST VERIFIED
Is ILAVO GROUP a.s. licensed under MiCA in the European Union?
ILAVO GROUP a.s.'s European entity (ILAVO GROUP a.s.) is recorded as an authorised Crypto-Asset Service Provider under the EU's Markets in Crypto-Assets Regulation, with its authorisation issued by Czech Republic on 12 February 2026.
Verdict: ILAVO GROUP a.s. appears in the ESMA Register of MiCA-Authorised CASPs.
| Legal entity | ILAVO GROUP a.s. |
|---|---|
| Home Member State | Czech Republic |
| National Competent Authority | |
| Authorisation date | |
| Legal Entity Identifier (LEI) | 315700DWN9FHXPPTHD55 |
| Authorised services | Custody, Exchange for funds, Exchange for crypto, Order execution, Order R&T, Transfer services |
Source: ESMA Register of Crypto-Asset Service Providers. Retrieved 30 June 2026.
About ILAVO GROUP a.s.
ILAVO GROUP a.s. is a Czech crypto fintech operator that runs two consumer-facing brands: KvaPay, described on its site as a crypto wallet, digital-asset management and payments platform, and Kvakomat, a network of crypto ATMs for buying and selling bitcoin and other crypto-assets for cash. The company presents itself as providing 'innovative crypto fintech solutions in the EU' and is operated by ILAVO GROUP a.s. itself, headquartered in the Czech Republic. The founding year is not disclosed in the available research. Source: ilavo.cz
The service is a multi-asset crypto exchange covering buying and selling (spot) of various cryptocurrencies, with cash-to-crypto and crypto-to-cash transactions handled through the Kvakomat ATM network and digital-wallet and payment functions through KvaPay. Custody appears in the entity's authorised MiCA services list, but the wider research does not confirm savings or DCA, staking, or card products as offerings, and EUR or SEPA support is only implied by the Czech base rather than explicitly documented. Sources: ilavo.cz, kvakomat.com
On the regulatory point, the contracting legal entity is ILAVO GROUP a.s., established in the Czech Republic, and its competent authority is the Czech National Bank (CNB). Under MiCA it is authorised as a crypto-asset service provider for the following services: custody and administration of crypto-assets, exchange of crypto-assets for funds, exchange of crypto-assets for other crypto-assets, execution of orders for crypto-assets, reception and transmission of orders, and transfer services. The company states it is one of the first companies in the Czech Republic to obtain a MiCA CASP licence. Sources: ilavo.cz, KvaPay announcement
The MiCA authorisation does not extend to services outside the listed set. It does not cover advice on crypto-assets, portfolio management of crypto-assets, or the placing of crypto-assets, and a CASP authorisation is distinct from issuing asset-referenced or e-money tokens. Anyone relying on the licence should confirm the entity's current status and exact permissions directly against the CNB and ESMA public registers. Source: CKMA member list
Which crypto services is ILAVO GROUP a.s. authorised to offer in the EU?
Under its MiCA authorisation issued by Czech Republic, ILAVO GROUP a.s. (ILAVO GROUP a.s.) is approved to provide the following services to EEA residents. Each service is defined in Article 3(1)(16) of Regulation (EU) 2023/1114.
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Providing custody and administration of crypto-assets on behalf of clients
The exchange holds your crypto in its own wallets. Authorisation here means MiCA's segregation and insurance rules apply: client crypto-assets must be ring-fenced from the exchange's own funds.
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Exchange of crypto-assets for funds
The exchange offers crypto-to-fiat (e.g. BTC to EUR) and fiat-to-crypto conversion. Authorisation here implies MiCA's pricing transparency requirements.
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Exchange of crypto-assets for other crypto-assets
The exchange offers crypto-to-crypto trading (e.g. BTC to ETH). Required for most spot trading pairs not denominated in fiat.
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Execution of orders for crypto-assets on behalf of clients
The exchange can place orders for you on third-party venues (smart-routing). Less common in retail crypto; relevant for brokerage-style services.
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Reception and transmission of orders for crypto-assets on behalf of clients
The exchange can receive your order and pass it to another venue for execution. Brokerage-pattern service, often paired with order execution.
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Providing transfer services for crypto-assets on behalf of clients
The exchange can move crypto between addresses on your behalf, including off-platform withdrawals. The Travel Rule applies to these transfers.
Which services is ILAVO GROUP a.s. not authorised to offer?
ILAVO GROUP a.s.'s MiCA licence does not cover: Trading platform, Placing, Advice, Portfolio mgmt. These services may still be offered by other authorised providers, or by ILAVO GROUP a.s. under a different regulatory framework (for example, derivatives may fall under MiFID II rather than MiCA). Source: ESMA Register, retrieved 30 June 2026.
See other MiCA-authorised exchanges by service:
What does this mean for users of ILAVO GROUP a.s. in the EU?
If you transact through ILAVO GROUP a.s.'s EEA-authorised entity (ILAVO GROUP a.s.), the protections introduced by MiCA apply to your relationship from onwards. In practical terms this means: client crypto-assets are ring-fenced from the exchange's own funds (Article 70 MiCA), the authorised entity holds prudential capital, has formal complaint-handling procedures, and is subject to transparency obligations on fees and order execution. Source: Regulation (EU) 2023/1114.
One thing to verify yourself: the legal entity you contract with day-to-day must match the entity in the ESMA register. Some global exchanges operate multiple legal entities under one brand. Confirm in ILAVO GROUP a.s.'s terms of service that your contracting entity is ILAVO GROUP a.s., not a non-EEA affiliate.
Which MiCA-authorised exchanges are alternatives to ILAVO GROUP a.s.?
Three MiCA-authorised providers to consider. Drawn from the ESMA register, never paid placement.
| Provider | Home Member State | Authorised | Services |
|---|---|---|---|
| Alaric Securities | Bulgaria | 9 services | |
| OKX | Malta | 9 services | |
| Kraken | Ireland | 8 services |
Related reading
Understand the regulatory context behind ILAVO GROUP a.s.'s entry on the register:
Frequently asked questions about ILAVO GROUP a.s. and MiCA
Is ILAVO GROUP a.s. licensed under MiCA?
Yes. ILAVO GROUP a.s. appears in the ESMA Register of MiCA-Authorised Crypto-Asset Service Providers, with its authorisation issued by the competent authority of Czech Republic.
Which EU countries can ILAVO GROUP a.s. serve under this licence?
A MiCA authorisation in one EEA member state permits passporting across all EEA member states, subject to a notification process to each host-state regulator.
Are my crypto-assets on ILAVO GROUP a.s. protected under MiCA?
MiCA introduces ring-fencing of client crypto-assets, prudential capital requirements for the authorised entity, complaint-handling obligations, and conduct rules. It does not provide a deposit-guarantee scheme equivalent to bank deposit insurance.
What's the difference between the authorised entity and the global brand?
Some global exchanges operate multiple legal entities. The MiCA authorisation applies only to the specific legal entity in the ESMA register, not to the global brand. Verify the contracting entity in ILAVO GROUP a.s.'s terms of service.
Where can I check the official record?
The ESMA register publishes the authoritative list and updates it weekly. The direct link to ILAVO GROUP a.s.'s entry is on this page under 'Sources'.
Sources
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