Cryptocurrency license

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.

PSP license Electronic money institution license Banking licenses Investment Activity Licence Trust fund license Securities trader license Forex broker license Cryptocurrency license Foreign exchange license

Cryptocurrency licence in Dubai	Price from 85 000 EUR	More
Cryptocurrency licence in Kyrgyzstan	Price from 25 000 EUR	More
Cryptocurrency licence in Lithuania	Price from 10 000 EUR	More
Cryptocurrency licence in Singapore	Price from 55 000 EUR	More
Cryptocurrency licence in Slovakia	Price from 5 000 EUR	More
Cryptocurrency licence in Thailand	Price from 85 000 EUR	More
Cryptocurrency license in Czech Republic	Price from 3 000 EUR	More
Cryptocurrency license in Estonia	Price from 25 000 EUR	More

OBTAINING A CRYPTOCURRENCY LICENSE GIVES THE OPPORTUNITY

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

Information about the crypto-license

Cryptocurrency license is useful for any company working with virtual currencies. There is no unified algorithm for obtaining a cryptocurrency license in different countries, so the complexity of the procedure may vary. An important step in the process of obtaining a cryptocurrency license is the choice of a suitable jurisdiction and the involvement of experienced specialized employees. Although some countries do not request this license, it is essential to guarantee the ability to exchange cryptocurrencies for fiat money and seamless cooperation with countries where a license is required.

A license for the work with cryptocurrencies is issued by the national regulator of the country in which the business is registered. At the same time, the regulator is guided by both domestic state legislation and global international rules. A cryptocurrency license gives the right to carry out activities only on the territory of the country in which it was issued. Despite the restrictions on working in only one country, there is no direct ban on accepting clients from other countries.

What is a crypto license for?

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.

Where to get a cryptocurrency license?

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:

Japan

Malta

Great Britain

USA

Switzerland

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.