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FINRA grants extended deadlines for companies to report their crypto activities
...latory Authority (FINRA), a self-regulatory body for brokerages and exchanges within the country requested its members to report on their involvement with crypto.** FINRA has recently extended its deadline for firms to report their involvement in crypto activities. It is presumed, that this was made due to the last week’s commotion over Facebook’s Libra cryptocurrency project and its potent...
Path: BlogLawyers’ Lobbying Efforts result in lifting Crypto-Ban in Vanuatu
...- Genia continues. “This amendment placed Vanuatu in the major league, with other, more established, jurisdictions that Tal Ron, Drihem & Co. have already been using since 2017 to represent clients in issuing coins and engage with other blockchain crypto activities, such as Gibraltar, Switzerland, Singapore, Malta, and Estonia. The amendment seeks to expand the possibilities for already-licensed...
Path: BlogHead of the Estonian Financial Watchdog Endangers Crypto License Holders
...ct cardinally and very quickly,” Maeker commented on the topic of the people being unaware of the risks that cryptocurrencies carry. That said, the official expressed his concerns on issues like money laundering and terrorism financing via illegal crypto activities. “The public does not know the amount (in the cryptographic business) or the risks associated with it,” he added. As of today...
Path: BlogFrom now on, Cryptocurrency Transactions are under strict AML regulation in Israel
...l money transfer. In the latest Israeli media reports it is stated that cryptocurrency assets will now fail under strict anti-money laundering rules of Israel, which is another country’s step in their policy of tightening the grip around unlawful crypto activities under its jurisdiction. According to the article by The Jerusalem Post, Israeli Authority for Combating Terror Financing and Mon...
Path: BlogNew Zealand Crypto License
New Zealand is a prime destination for cryptocurrency businesses due to its robust regulatory framework and supportive environment. The Financial Markets Authority (FMA) regulates crypto activities, ensuring compliance with the Financial Markets Conduct Act 2013. Crypto exchanges must obtain an FMA license, meeting strict requirements for investor protection and market integrity, including AML, C...
Path: LicensingGeorgia Crypto License
Georgia has become an attractive destination for cryptocurrency businesses due to its favorable regulatory environment and supportive government policies. The National Bank of Georgia oversees the regulation of crypto activities, ensuring compliance with local laws and international standards. To operate legally, crypto exchanges and related businesses must obtain a license, which involves meetin...
Path: LicensingKazakhstan Crypto License
Kazakhstan is gaining recognition as a favorable destination for cryptocurrency businesses due to its proactive regulatory framework and supportive government stance. The Astana International Financial Centre (AIFC) oversees crypto activities, ensuring compliance with local and international standards. To operate legally, crypto exchanges and related businesses must obtain a license from the AIFC...
Path: LicensingUK Crypto License
...der GBP 250,000, and GBP 10,000 for revenues above this threshold). FCA Review: The FCA reviews the application, conducts assessments, and may request additional information. Approval: Upon successful review, the FCA grants authorization for the crypto activities. Key documents required for the application include: Directors’ and Shareholders’ Resumes: Con...
Path: LicensingSlovakia Crypto License
...ic minimum share capital is mandated for obtaining a crypto license in Slovakia. Overview In Slovakia, crypto-asset services are not directly regulated by the National Bank of Slovakia (NBS). Therefore, no NBS approval is required for crypto activities. However, strict rules apply under Act No. 279/2020 Coll., amending Act No. 297/2008, mandating that crypto service providers regist...
Path: LicensingSouth Africa Crypto License
...erview South Africa leads in cryptocurrency regulation in Africa, having introduced official licensing for crypto service providers. Crypto assets are recognized as financial products and are fully legalized. With 10% of the population engaged in crypto activities as of 2023, there's a high level of adoption and integration of these technologies in the country. General informat...
Path: Licensing