Cryptocurrency licence in Slovakia

All activities related to cryptocurrency assets in Slovakia are regulated following European legislation. This regulation primarily focuses on compliance with anti-money laundering and anti-terrorism financing prescriptions. Any transactions involving digital financial assets, as well as transactions with fiat financial assets, must be transparent and traceable.

Cryptocurrencies in Slovakia are not considered securities or financial instruments, and they are not subject to regulation by the Central Bank (NBS). However, they are subject to strict legal provisions, which are spelled out in Law No. 279/2020 Coll., amending Law No. 297/2008 on the prevention of money laundering and the financing of terrorism. Cryptocurrency activity in Slovakia is monitored by the Financial Intelligence Unit (Finančná spravodajská jednotka).

COST OF OBTAINING A CRYPTO LICENCE IN SLOVAKIA

COREDO specialists are pleased to offer assistance in obtaining a cryptocurrency license in Slovakia. We provide two cooperation options:

1. Package “Establishing a New Crypto Company from Scratch“. This package includes:

• Company registration;
• Providing a legal address for 1 year;
• Development of a basic AML/CFT policy;
• Obtaining permission for cryptocurrency activities.

The cost of “Establishing a New Crypto Company from Scratch” is 4500 EUR. The estimated timeframe for obtaining a fully licensed company is approximately 4-5 weeks from the date of receiving the original documents from the customer.

2. Package “Ready-made Crypto Company with a Licence”. It includes:

• A company registered following local laws, authorized for cryptocurrency operations;
• Providing a legal address for 1 year;
• Registered share capital of EUR 5,000;
• Development of a basic AML/CFT policy;
• Necessary registration changes in the company’s records (such as company name change, owner information updates, etc.).

The total cost of the “Ready-made crypto company with a licence” package is 6000 EUR. The processing time is approximately 3-4 weeks from the date of receiving the original documents from the customer.