Crypto trading license

Crypto trading license is a permission to provide services to users in certain jurisdictions based on enacted legislation. The regulator is the body that proposes legislation and monitors that the exchanges applying for a license fully meet the requirements.
Many entrepreneurs choose virtual currency as a tool to earn money by opening crypto exchanges. In order to ensure that such an enterprise is legal, it is recommended to obtain a special work permit in this area – crypto trading license.

The main features of crypto trading license

Crypto exchanges with trading licenses are approved by the regulators of certain countries and, accordingly, work with them more safely than with unregulated. Permission opens the way to the release of virtual currencies, the opening of client wallets and the settlement of non-fatal money. For the cryptocurrency business or ICOs issue SPI licenses. They allow exchanging non-phyat and fiat funds, creating merchandising solutions and processing centers, opening and servicing customer accounts. To issue electronic money you will need SEMI or EMI permissions (small or full respectively).

Bitcoin Web Hosting

Blockchain Consultation

Investment Professionals

Licensing conditions

registered as a legal entity - with «physical» office, authorized capital;
Having prepared the founding documents for the requirements of the regulator and acquirer, where the account is opened;
hired official staff, directors with education and experience in the financial sphere;
developed business plan, public offer, descriptions of technical and software tools for the project;
providing evidence of compliance with AML-legislation - policies to protect personal customer data, combat money laundering, etc.;
providing a package of documents for licensing to the regulator and paid the fee.

Prospects of crypto trading license

The crypto trading license is not only a confirmation of the company’s verification by the state regulator, but also the possibility of further judicial protection of their rights by all bidders. Those companies that remained on the market and accepted the rules of the civilized game, continue to actively develop and increase trading turnover. Cryptocurrency is a high-risk asset, so do not add risks working in an offshore zone or without any registration of activities.

Licensing process

Identification of specific activities and the nature of the crypto assets to be dealt with.
Registration of a crypto company.
Collection of data on the founders, beneficiaries, and officials of the company, including their proper reputation.
Search for a legal address, employees, assets for a future crypto company.
Completion of registration forms and formation of a package of documents for registration.
Submission and consideration of the package of documents by the regulator (with payment of the relevant state duties and possible additional data requests by the regulator).
Issuance of a license in the event of a positive decision on the issue.