crypto license

Roberthaure · Gość

Modern legal framework for Cyprus Alternative Investment Funds (AIF), fully compliant with all EU directives.
Cryptocurrency regulation at national level from 2018
Main Services
5) 0.25% of the share of transactions performed within the service, which is more than 250 million euros.
The PSA delineates both the prerequisites for obtaining a license and the ongoing compliance obligations for licensees. Eligibility criteria encompass a minimum base capital, set at S$100,000 for a standard payment institution license and S$250,000 for a major payment institution license. An essential requirement is the appointment of an executive director who is a Singapore citizen or Permanent Resident, or alternatively, one non-executive director who is a Singapore citizen or Permanent Resident along with an executive director holding a Singapore employment pass. Additionally, the license applicant must maintain a permanent place of business or a registered office in Singapore, serving as the location for transaction record-keeping related to the provided payment services.

Decentralised Autonomous Organisation (DAO) Licence
Currently, St. Vincent and the Grenadines has no specific legislation regulating cryptocurrencies and blockchain technologies. This creates conditions for the free development of cryptocurrency projects and startups without the need to undergo cumbersome licensing procedures. Nevertheless, companies operating in this jurisdiction are required to comply with general financial and corporate regulations, as well as international anti-money laundering (AML) and counter-terrorist financing (CFT) standards.
This type of licence allows companies to organise and conduct cryptocurrency trading operations, including the exchange of one cryptocurrency for another, as well as cryptocurrency for fiat money. Licence holders must ensure that their activities comply with LFSA requirements, including AML/CFT, and demonstrate that they have a robust technology platform to conduct secure transactions.
Failure to comply with regulatory requirements can lead to serious consequences, including fines, suspension or revocation of licences. In serious cases, other sanctions may also be taken, such as criminal prosecution of those responsible.
Settle the incorporation fees