Search
cryptocurrency exchange License in El Salvador
...government fees can be paid with cryptocurrency. In addition, the process of obtaining a crypto license in El Salvador is not too difficult, and the government supports investors by providing loyal business regulations. El Salvador cryptocurrency exchange License is authorized to: trade or exchange digital assets for clients hold or manage digital assets on behalf o...
Path: LicensingImpact of New Legal Framework on Estonian Crypto Market
...n to the crypto companies but regulator as well. This only means that now companies and regulator have to learn to collaborate better with each other. Just like any kind of revival, this renaissance involves several obstacles for the individuals and cryptocurrency exchanges business. It is certain that the time of easy licenses in the EU has ended, and the era of stricter regulation has begun o...
Path: BlogHow to Obtain a Crypto License in Saint Vincent and the Grenadines
...0, 2022, marks a significant step towards formalizing the crypto regulatory framework in SVG. Although this act is not yet in force, it outlines the requirements for operating crypto businesses and will eventually regulate various activities such as cryptocurrency exchanges, initial coin offerings (ICOs), decentralized finance (DeFi) projects, and non-fungible token (NFT) drops. The VABA will requ...
Path: BlogJapan to Tighten Crypto Rules for Preventing Sanctions Evasion
...tions Evasion Prevention. - Legislation updates are initiated by the Russia-Ukraine war conflict. - In case crypto exchanges suspect unauthorized transactions, they are obliged to notify the FSA. The government of Japan is to tighten rules on cryptocurrency exchanges, as the country announced intentions to update its Foreign Exchange and Foreign Trade Act.Chief Cabinet Secretary, Hokazu Mat...
Path: BlogCyprus Securities and Exchange Commission (CySEC) accepts new policy for Crypto-Asset providers
... Markets aw, transposing MiFID II and E-Money Tokens (EMT), which qualify as Electronic Money under the Electronic Money Law, transposing EMD. **Below you can find a list of crypto-business models, which are affected by CASP legislation:** • cryptocurrency exchanges: the digital marketplaces where you can buy and trade cryptocurrencies, crypto-asset, altcoins, and NFTs either as crypto-to-...
Path: BlogBrand-new product - Crypto Exchange & Wallet License in Lithuania
...come a holder of both above-mentioned licenses and the average time of application review by the regulator is around 1 month. **Key points for Lithuanian Crypto License Company structure** To apply for the Lithuanian crypto license to provide cryptocurrency exchange and/or wallet services a limited liability company (UAB) has to first be set up in Lithuania. The minimum share capital requir...
Path: BlogBrief description of the first day of Bitcoin usage in daily payment: technical problems and protests
...coin use, our editorial office still sees that as a great step towards further implementation of cryptocurrencies into the everyday routine – Per aspera ad astra! Also, for those interested in cryptocurrency business affairs we propose Estonian cryptocurrency exchange License and Lithuania as a jurisdiction for your crypto business. In case of interest, we may provide you all information and ...
Path: BlogSouth Korea is planning to establish Crypto-Focused Bureau
...eria starting from 2016. In addition to that, SEC recognized cryptocurrencies in September 200 and is planning to create regulatory sandbox for digital currencies. Never minding the abovementioned, according to our experience, we propose Estonian cryptocurrency exchange License as the best crypto solution. In case of interest, we may provide you with all information regarding setting-up Cryptoc...
Path: BlogHong Kong Securities and Futures Commission changing its previous "opt-in" approach
...ons of all cryptocurrency trading companies operating in Hong Kong’s jurisdiction. The following activities is an extension of the crypto regulations introduced by the SFC in November last year. Hong Kong is considered as the base of many major cryptocurrency exchanges, but until November 2019, they were not regulated by the financial regulator, as digital assets did not fall under the catego...
Path: BlogNew requirements for Lithuania and UK EMIs
...d stable risk management policy, specifically if company’s business activities are related to crypto currencies. Such precaution is required until the final agreement is reached between the EU and the UK. EMIs that have established accounts for cryptocurrency exchanges which are currently under final review for the Estonian Financial Intelligence Unit (FIU), will be obligated to clarify that ...
Path: BlogNew 6 AMLD Compliance Conditions for EMIs
...ended by the Regulator to require stronger compliance. Similar to many cryptocurrency licenses, EMI are not been forced to comply with new conditions, but it is quite probable that EMIs, especially in the Baltics, will have to follow the lead of the cryptocurrency exchanges. This is up to the EU Member States to introduce the Directive in local legislation, keeping in mind that Directive requir...
Path: BlogLegalization of Cryptocurrencies in Russia
...ition to the large fines, the authorities also intended to put the involved parties under imprisonment for up to 7 years, depending on the amount of involved digital currencies and the damage to the country’s financial system. This came when major cryptocurrency exchanges including Binance were entering the Russian market, calling a progressive stance of the country’s leaders towards crypto. ...
Path: Blog“To trade or not to trade?” or How Chinese Exchanges Overcome the Bitcoin Ban?
...tions that are much more favorable for traders and overtook the market with 44% part of the market share. Some analysts state that the Chinese ban will remain legal until government creates **a special licensing program** that will cover the work of cryptocurrency exchange platforms. What about now? News resources state that the biggest exchanges on the market are already looking for solutions....
Path: BlogBitcoin Mining Faces Rumors in China
...rts a very negative attitude towards Bitcoin and other cryptocurrencies. However, mining is still not banned and, any unofficial statements that might claim it is an outlaw, do not have any legal power. At the same time, we have to remind that the **cryptocurrency exchanges** and **ICO** are illegal in China. Considering the fact, that the government has already restricted the access of Chinese...
Path: BlogBinance exchange is planning to create crypto futures trading platform
**cryptocurrency exchange Binance, the world’s largest cryptocurrency exchange by trading volume, has recently revealed its plans to launch a futures trading platform which will offer both long and short positions for digital assets.** The aforesaid news was announced at the Asia Blockchain Summit in Taipei. During a presentation at the conference, Changpeng “CZ” Zhao, founder and C...
Path: BlogFrom now cryptocurrency will be under AML rules in Thailand
...to amend local legislation and bring cryptos into the AML regime. The aforesaid process will start with the Anti-Money Laundering Act. **Changes shall be made in accordance with international standards on crypto exchange service providers, hence cryptocurrency exchange platforms will have to report their financial activities to the AMLO.** Local representatives explain that such information is...
Path: BlogCanada is Planning to Restrict Cryptocurrency Short Selling
Canadian financial regulatory authorities are currently developing **new rules for cryptocurrency exchanges** within the country. The Canadian Securities Administrators (CSA) and the Investment Industry Regulatory Organization of Canada (IIROC) announced a new framework for cryptocurrencies exchanges that would terminate short selling and margin trading of digital assets The development of the...
Path: BlogAustralia is planning to implement blockchain technology in order to automate transaction reporting
...tribution of Swinburne’s existing Blockchain Innovation Lab, the BSOE is planning to work with Capgemini to develop blockchain solutions from the point of Proof of Concept to collaborated production. Last spring, AUSTRAC presented new rules for cryptocurrency exchanges adhering the AML&CTF (counter money laundering and terrorism financing), which also included implementation of obligatory int...
Path: BlogiFX EXPO Asia, Hong Kong 2019
...d Company Formation](http:www.offshorelicense.com/companies/hong-kong-limited-company-formation){._blank} ☑ [Mauritius Global Business License](http://www.offshorelicense.com/licensing/maurtius-global-business-licence){._blank} ☑ [Estonian cryptocurrency exchange License](http://www.offshorelicense.com/licensing/estonian-cryptocurrency-exchange-license){._blank} ☑ [Cayman Islands Se...
Path: BlogMandate registration is coming! South Africa wants to regulate crypto
... for formal authorization to provide crypto assets-related products or services".* The SARB is taking into account numerous aspects to respectively regulate crypto sector including the announcement of a mandatory registration requirements for all cryptocurrency exchanges and wallet platforms operation within the country. The SARB also clarified that a step-by-step approach, starting with the...
Path: Blog5 signs of booming blockchain innovation in Australia
...ing Stock Exchange*** Despite recent announcements from NYSE parent company ICE and Switzerland’s SIX, Australia’s largest stock exchange is already light years ahead. Not only has The Australian Securities Exchange (ASX) already been listing cryptocurrency exchanges and blockchain companies since 2014, but they’re actually migrating their entire infrastructure to blockchain by 2020. W...
Path: BlogCoinbase was approved by SEC to list security tokens
One of the top U.S. cryptocurrency exchange, **Coinbase Inc., has been granted the regulatory’s approval to acquire securities of several firms** – it is a great progress in legitimizing crypto investments and provisions of related services to public in a trustworthy way. Last month, the exchange announced that it intends to purchase three companies: (I) Keystone Capital Corp., (II) Venov...
Path: BlogA raising trend of investment scams in Australia
...itcoin scams. The above-mentioned regulator received reports of people being deceived through fake cryptocurrency websites. Recently in Australia **new regulatory requirements entered into force** and the Australian authorities proceed to inform cryptocurrency exchange platforms, that they are now subject to this new regulation, with **one of the requirements being – registration with AUSTRA...
Path: BlogHow Brokers in China Feel After the Website Blocks
We have already informed you regarding the latest **Chinese website restrictions** that occurred due to lack of information towards the financial regulator. Soon after the government **banned Bitcoin and other cryptocurrency exchanges**, followed by the bans of other trade platforms. It affected all FX and trading platforms without ICP certificates. Trading community stated that the access to...
Path: BlogCrypto-Friendly bank ‘freeze’ bank account
...the best possible course of action, which is cheaper, quicker and more effective, is to find a friendly and engaged contact at the relevant bank and seek to work with them to help them conclude their process as soon as possible. In a case if the cryptocurrency exchange is regulated, customers who are unable to withdraw their funds should immediately contact the regulator where their account is...
Path: Blog