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Attempts to Unify Cryptocurrency Regulation and Introduction of the Travel Rule
...aundering supervisors; - broaden the requirements for identifying high-risk third countries and ensure a high level of protection for money moving to or from such countries. One of the most notable directives is the Travel Rule which requires “virtual asset service providers” (VASPs) — including crypto exchanges and custodial wallet providers — to disclose customer information when fac...
Path: BlogAlbania is preparing a legal framework for virtual assets
...ovide virtual assets, the risk of using virtual assets for money laundering and market manipulation, and the draft law recognizes the risk of money laundering through the use of digital currencies. According to new regulation it is required that any virtual asset service provider put in place a risk-protected system to monitor transactions for suspicious transactions. The licensees will also have ...
Path: BlogFirst Digital Securities Exchange Approved by Financial Conduct Authority
...), announced becoming Financial Conduct Authority (FCA) regulated digital securities exchange and custodian in the UK**. Archax has also become the first company to receive crypto-asset registration from the UK regulator, making it a fully compliant virtual asset service provider (VASP). This is major step for the emerging global digital securities field. For the first time, digital issuances f...
Path: BlogCuba is up to define Crypto Regulation Guidelines
...uba is seeking to establish guidelines for crypto-related providers licensing. “The Central Bank of Cuba, for reasons of socio-economic interest, may authorize the use of certain virtual assets in commercial transactions, and grant a license to virtual asset service providers for operations related to financial, exchange and collection or payment activities, in and from the national territory...
Path: BlogHow to Get a Crypto License in 2024
...omes at a premium price. Cheapest Crypto License Lithuania is known for offering the cheapest crypto licenses, with lower application fees and capital requirements compared to other jurisdictions. Additional Considerations VASP Crypto License A virtual asset service provider (VASP) license is required for businesses providing services related to virtual assets. This includes exchanges, wallet...
Path: BlogHow to Obtain a Crypto License in Saint Vincent and the Grenadines
...d Application: Submit a detailed application including the business description, AML/KYC systems, and IT infrastructure. Interviews: Participate in interviews conducted by the FSA to evaluate the suitability of the business. Requirements for a virtual asset service provider (VASP) License Registration of a Limited Liability Company (LLC) in SVG Having an office space in the country Set ...
Path: BlogEstonia Crypto License
... online. Clear and adaptable regulations keep pace with market changes, enhancing Estonia's appeal as a leading jurisdiction for crypto operations.Timeframe: 6 - 8 months Minimum paid up capital: The minimum share capital required for a virtual asset service provider (VASP) license is EUR 250,000. Overview Estonia is known as a "cryptocurrency haven" due to its progress...
Path: Licensing