Cryptolicenses for business
Having a crypto licence is mandatory to run a legitimate cryptocurrency business.
Price until 31.12.2024: is calculated depending on the type of licence, jurisdiction
A licence is required for cryptocurrency related activities:
- exchanging cryptocurrency for fiat money (operating as exchanges and exchangers);
- brokerage services (as an intermediary for virtual currency exchange);
- cryptobank - cash-out, crypto-deposits, P2P lending support, cryptocurrency investments, digital asset storage;
- for blockchain providers (custody licence) - servicing crypto-wallet accounts, storing, sending and receiving cryptocurrencies via wallets;
- issuance of new coins, for ICO/IEO/IDO/STO;
- cryptocurrency mining;
- issuing digital assets and selling them in the tokensale process;
- cryptofund.
A so-called cryptolicence is not always a licence in the usual sense. Sometimes it is a cryptoauthorisation - an entry in a state register or a notification to the relevant authorities.
The benefits of obtaining a crypto licence with Intelligent Solution Group:
Requirements
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1
documentation of the experience and qualifications of the managers;
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2
no criminal record for economic offences among the beneficiaries and management;
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3
Developing an effective security system. The encryption protocols used must comply with current standards and guarantee the protection of financial data, transaction information, and prevent unauthorised access;
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4
confirmation of the availability of funds to fulfil operational obligations and run the cryptocurrency business;
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5
compliance with AML legislation - combating money laundering and terrorist financing.
Choose a convenient time in your calendar and our expert will advise you about cryptolicence for business
Documents required
- description of activities (business plan, business model);
- copies of foreign and national passports of the founder/management of the company;
- CV of each participant in the project;
- Utility bill - a document that proves your present residential address;
- Company documents (incorporation/statutory documents).
Each jurisdiction has its own list of documents, here is a standard list. The manager will let you know what else is required in your case.
Stages
Additional services
separately payable
- company registration;
- opening a bank account;
- confirmation of the source of origin of funds;
- connection and integration to the banking software platform;
- accounting support and reporting.
Cases:
CASE: How to get back the frozen $600k.
A client faced the problem of frozen funds in the account of his international company. The bank where the account was located was in the process of liquidation and froze all the money, starting an audit of its clients.
More
CASE: The forgotten $400,000.
Our client decided to completely liquidate his company established about 10 years ago in Latvia. In the process of liquidating the company and communicating with the bank, we learnt that the client had $400,000 in his account for several years, which no one remembered about
More
Intelligent Solution Group – it is
Registration services and company support:
- company registration;
- business relocation;
- company renewal.
International tax planning.
Banking services:
- Compliance, KYC, SOF in the bank;
- bank account opening;
- opening of accounts in non-banks (payment systems);
- confirmation of the source of funds;
- withdrawal from frozen accounts.
Licensing:
Accounting services and audit for international companies.
Succession and inheritance issues for wealthy families.
