It’s difficult to overestimate the potential of the cryptocurrency sphere. Now this area is developing incredibly fast and, despite the obvious problems and shortcomings, experts see digital currencies and blockchain technologies as the future of the financial system. In order to keep up with global trends, to fully use the potential of this tool and to do it legally, you need a cryptocurrency license.
to carry out operations with cryptocurrencies
to exchange virtual money for fiat money and vice versa
to make transfers between crypto wallets
to sell goods for cryptocurrency
to issue digital currencies
A crypto license gives the company the right to legally exchange fiat (real) money for virtual money and vice versa, exchange one type of cryptocurrency for another, make transfers between cryptocurrency wallets, store users’ digital funds, accept payments for goods in cryptocurrency, create and place tokens.
Legalization of the business allows you to protect personal data and finances of clients at the legislative level. In addition, companies that work with a license must comply with KYC and AML requirements, in connection with which they oblige their customers to undergo an identity verification procedure. All this increases the transparency of the business and boosts the trust of users. In turn, operating without a license gives the company scope for money laundering and other types of fraudulent activities.
Not all countries issue licenses for cryptocurrency activities. In some jurisdictions, working with digital currencies is expressly prohibited, in some there is still no state regulation of it. You can apply for a crypto license in at least the following countries:
If you decide to start working in the cryptocurrency field, please contact us — COREDO specialists will help you choose the best jurisdiction for your business, draw up the necessary documents and resolve any legal issues.
