Today many people are interested in cryptocurrency and cryptocurrency market. Despite the rather unpredictable dynamics and high volatility, many businessmen see prospects in the digital market. However, there are some subtleties that are important to know if you plan to work in this direction.
To officially work with cryptocurrency, you need to obtain a license in the country where the company is registered.
The license gives the official right to:
- provide goods and services in exchange for crypto money;
- engage in various financial transactions via the Internet;
- use cryptocurrency on a par with fiat money;
- place tokens;
- conduct intermediary activities
IMPORTANT!
To date, a limited number of countries issue a license to work with the crypto market. As a rule, such activities are equated to investment activities and are subject to a financial license.
HOW TO GET A LICENSE TO WORK WITH CRYPTOCURRENCY
Each jurisdiction interprets the concept of cryptocurrency in its own way, thus, the rules and peculiarities of obtaining a special license may differ.
The following indicators are of particular importance:
- type of company;
- address of the company registration;
- participants;
- list of documents;
- shared capital;
- procedure for issuing a permit
BEST JURISDICTIONS FOR CONDUCTING CRYPTO BUSINESS
Today there are several countries that are especially interesting from the point of view of doing crypto business.
Among them are:
* United Kingdom of Great Britain and Northern Ireland
Great Britain is in the top 5 countries, which makes it possible to comfortably conduct crypto business. The company can also be registered in the controlled territories of the Kingdom, for example, on the Isle of Man.
* USA
There are special Bitcoin machines. The circulation of cryptocurrency is enshrined in law and is constantly updated.
* Estonia
There is an active process of active inclusion of cryptocurrency in the field of financial and banking services. The state supports crypto projects, entrepreneurs may obtain various licenses: from exchanging cryptocurrencies to creating electronic wallets.
* Belize
Simplicity and speed of obtaining a license. If necessary, the license is issued within 24 hours.
* Switzerland
It is possible to obtain a license to work with the blockchain.
* Canada
The most loyal conditions for doing business.
If you are interested in a complete list of jurisdictions, please, contact our specialists and get the most complete information.
Oleg Venediktov
General counsel of VIP Departament
Also, our company provides licensing services for various types of activities
You can get additional information by phone:
+35725263434 or email: assist@legalawyers.com
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