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Crypto

UK: Cryptocompanies To Meet the New AML Rules

Since the beginning of the current year, the UK's AML / CTF regulations have been in effect, in other words, the MLR Amendment. When planning to set up a crypto company in the UK, please…

The UK: Cryptoassets Regulation

An important push towards defining the nature of cryptoassets came late last year. A dedicated UK working group conducting fundamental research on this issue has released an official statement on the state of cryptoassets and…

Great Britain: Digital Currencies Regulation

If you’re planning to register a crypto company in Great Britain, you should keep in mind that not all types of virtual currencies are regulated there. So, let’s take a closer look at what the…

EU: Regulation of Cryptoassets

Cryptocurrencies are increasingly being targeted by financial regulators in the EU & Great Britain. Hence, if you’re planning to register a crypto company in the EU (or already have one), the recent changes in the…

Ireland: Cryptocurrency Regulation

Charged with regulating financial services in the Republic of Ireland, the CBI doesn’t have any specific guidelines regarding digital currencies’ status. There’s no government agency charged or department responsible for overseeing the cryptocurrency market, either….

Hong Kong: Regulation of Cryptocurrencies

Nowadays, owners of startups & established companies are increasingly looking for ways to boost revenues, improve profitability & reduce costs. So, how can they do that? One of the possible solutions is to register a…

Japan: Fintech & Crypto Business Regulation

If you intend to register a fintech company in Japan, you should remember that it’ll be deemed a financial instruments business operator & required to register. As regards the establishment of an AIF in Japan,…

Luxembourg: Сryptocurrency Regulation

In an attempt to live up to its reputation as a major fintech hub, Luxembourg has recently passed a law whereby it’s now possible to transfer & hold virtual assets through DLT in the Grand…

Austria: Cryptocurrencies

Trading in cryptocurrencies in Austria requires having familiarity with the country’s tax & licensing regulations. What follows below is a brief review of the main requirements entrepreneurs wishing to register a cryptocurrency company in Austria…

AML Compliance of Crypto Companies in the Netherlands

Last year, the Dutch House of Representatives passed the Fifth Anti-Money Laundering Directive (AMLD5). In accordance with this directive, some crypto service providers in the Netherlands are required to comply with their anti-money laundering (“Wwft”)…

Crypto Company Registration in Austria

Digital currencies have been recently included in the AML/CFT system of the European Union. For those entrepreneurs planning to register a crypto business in Austria or already having one, this means that crypto companies are…

Marketing of Cryptoassets in Switzerland

All types of activities associated with cryptoassets in Switzerland can exist on their own, but their effective existence requires the participation of agents for the transfer of cryptoassets and auxiliary operations, in particular, a set…

India: Ambiguous Situation With Cryptoassets Regulation

In today's blog post, we will look at the legal requirements for trading cryptoassets in India, which will be relevant for those intending to register an Indian crypto exchange. Let's note right away: India is…

Fintech in the US: Certification, AI & Cryptoassets

Registering an international fintech startup requires an understanding of the legal nuances of the jurisdiction a fintech company will be operating in. If you’re planning on registering a fintech company in the US, you’ll probably…

Fintech and Crypto-Business in the Czech Republic

The fintech industry in the Czech Republic continues to develop actively. The number of fintech startups is increasing, large fintech companies are entering the local market, and even banks have already begun to develop and…

Can Cryptocurrency Qualify as Property?

One of the main questions for those who intend to register a cryptocurrency company in the EU or US is the legal status of cryptocurrencies. To help them figure it out, we’ve decided to analyze…

Legal Aspects of Crypto Regulation in Austria

This blog post provides a brief overview of the Austrian crypto regulatory landscape that may be useful to entrepreneurs already in the market or planning to open a crypto company in Austria. Today, financial officials…

STO: Legal Aspects

The evolution of digital assets began ten years ago with the advent of the Bitcoin cryptocurrency. It was followed by stablecoins – a cryptocurrency that was backed by real assets – and security tokens, i.e….

Germany: Legal Status of Cryptocurrencies

At the outset, tokens came closest to everybody’s idea of virtual currency. Meant to be a decentralized currency, i.e. one that governments can’t control, they required no centralized issuer. Because they aren’t regulated by any…

Hong Kong: Cryptocurrencies & Their Regulation

Because the number of investors interested in obtaining a license for cryptocurrency activities in HK is constantly growing, regulators are trying to make their job easier by publishing recommendations on the distribution & marketing of…

Can Cryptocurrencies Be Actually Stolen?

According to a recent study, losses resulting from the theft, fraud & misappropriation of cryptocurrencies doubled in the first quarter of 2019, totalling nearly $1.2 billion. Hence, the questions on everybody’s lips are, “How can…

USA: Next Generation Securities

Each country has certain regulating bodies that monitor the financial market and protect its citizens. If registering a company for ICO in the United States is in your immediate plans, then keep in mind that…

Malta: VFA Regulation

This short review focuses on the letter published by the MFSA, Malta’s number one financial regulator, a couple of months ago. In it, it explains the main provisions of the VFA Law & sets forth…

What is Bitcoin? (part 2)

If an entrepreneur is determined to obtain a cryptocurrency exchange license, they should keep in mind that the Bitcoin protocol is being constantly updated. If an individual user follows the same rules, they remain online….

What is Bitcoin? (Part 1)

If you’re considering trading in cryptocurrencies, registering a company for ICO, or obtaining a license authorizing exchange of cryptocurrencies, you should keep in mind that cryptocurrencies, and more specifically, Bitcoin, are an entirely new socio-economic…

Singapore: ICO

ICO is a type of fundraising that relies heavily on DLT technology. Unlike IPO which involves issuing shares in exchange for fiat currencies, ICO relies on the issuance of tokens which are then exchanged for…

Japan: Cryptocurrency Market

Having the most advanced regulatory regime for cryptoassets, Japan is trying to promote investment in cryptocurrencies by creating incentives for entrepreneurs seeking to obtain an ICO license in Japan. Being the world's largest market for…

Top 5 Countries to Start a Cryptoasset Business In

In this article, we’ll be taking a brief look at 5 European countries that provide the most attractive opportunities in terms of cryptocurrency investing. If you’re a crypto investor seeking to launch a cryptocurrency exchange…

ICO – Who Needs It and Why?

Statistically speaking, investments in tokens increased by 1300% in 2015-2016, and by 6600% in 2016-2017. No other industry has experienced such rapid growth. And the reasons for that are pretty easy to see: ease of…

Ireland: Issues Connected With Virtual Currencies

Digital currencies move from the sandbox to the high street. The number of digital coins and tokens grows fast. More and more countries are considering adopting a government-sanctioned digital currency. With this regard, the attention…

Australia: Cryptoassets

Registering a cryptocurrency exchange in Australia or obtaining an Australian cryptocurrency custodian license for cryptocurrencies that don’t qualify as financial products aren’t subject to ASIC’s regulatory oversight. However, trading in cryptocurrencies that qualify as financial…

New Zealand: Сryptocurrencies Are Recognized Property

If you are planning to start a crypto business in New Zealand, you may find our blog post useful. This jurisdiction is now seriously considering how to adapt existing legislation to the latest emerging technologies,…

Surveillance of Stablecoins to Tighten Globally

Due to the active development of cryptocurrencies in Europe and other jurisdictions around the world legislators are working hard to update the regulatory framework for virtual currencies. Particular attention is paid to the regulation of…

The Cayman Islands: New in Virtual Assets Regulation

One of the most famous offshores on the planet – the Cayman Islands – is introducing a new control regime for those wishing to obtain a license to operate virtual assets in the Cayman Islands….

China: Digital Yuan Is On Its Way

China is intensively testing its own virtual currency – the Digital Yuan (Digital Currency Electronic Payment – DCEP). If you are planning to register a company in China, it will be useful to know that…

The New Normal: ICO in India

Registering an Indian crypto company until recently seemed utter nonsense, as India in 2018 declared to the world its categorical rejection of any cryptocurrency. At that time the country's Central Bank banned cryptocurrency trading, which…

EU: Updated Regulatory Regime for Digital Assets

Given the recent statement on digital finance delivered by the VP of the EU Commission, digital asset regulation in the EU is slated to undergo major changes. What it means is that starting a cryptocurrency…

Cryptoassets in Great Britain: FCA Research

In a recently published research, the FCA has outlined its vision regarding behavioral patterns in the cryptocurrency market. While targeting mostly high-profile investors considering registering a cryptocurrency company in Great Britain, the document does contain…

Regulating Security-Tokens in France

Planning to register a crypto exchange in the EU? This article might be in handy.  Fist of all, pay close attention to the fact that France has recently become one of the leaders in ‘tokenization’…

Unregulated: Cryptocurrencies and Blockchain in Austria

Austria is quite loyal to blockchain and cryptocurrencies. Crypto assets or transactions with them, as well as the blockchain in Austria, are currently not regulated by any special legal framework. Moreover, representatives of the Austrian…

Turkey: Cryptoassets

There aren’t any specific laws governing concluding cryptoasset deals in Turkey. However, the local government is keeping a close eye on cryptocurrency activities; therefore, registering a cryptocurrency business in Turkey requires an in-depth knowledge of…

Estonia: Cryptocurrency Regulation

Following the Danske Bank money-laundering scandal, Estonian fiscal authorities & legislators are now tightening the country’s AML laws & regulations. As a result, an upwards of 400 cryptocurrency companies were stripped of their licenses in…

India: Cryptocurrency Regulation

Considering starting a cryptocurrency business in India? Looking for information on the key aspects of cryptocurrency regulation in India? Look no further because all the answers are in our article.  Regulation of Cryptocurrency Activities in…

Japan: Regulation of Cryptoassets

Japan has held top spots in the rankings of the most developed countries for many years. Because the country is also a leader in the field of IT development & cryptocurrency trade, businessmen from all…

Crypto-Asset Litigation

If you intend to start crypto activities in the EU, UK, or USA, it should be borne in mind that cases of manipulation and fraudulent schemes using crypto assets have become more frequent these days….

Tightening Rules for Crypto Firms in the UK

Since the beginning of this year, the Financial Conduct Authority (FCA) has overseen the AML / CTF policy of UK crypto companies under MLR. The FCA has recently reminded firms with or planning to start…

Cryptoassets: What Does Future Hold in Store?

The recently published report entitled "The Legal Status of Cryptoassets & Smart Contracts" defines the legal status of cryptocurrencies, specifying an asset class they belong to & clarifying the laws applicable to them. It will…

The First Crypto-Dispute in Malaysia

If you are interested in registering a crypto business in Malaysia, it is important to know that since the launch of bitcoin in 2009, a lot of different cryptocurrencies have appeared. The most popular of…

Overview of Cryptocurrency Legislation in Canada

Modern technology, and more specifically DLT, could potentially render provision of financial services more efficient. The Canadian government's position (including that of the country’s regulatory bodies) on cryptocurrencies is that there should be a balanced…

Blockchain & Smart Contracts: 5 Things to Remember

Everyone who has at least some basic idea of what blockchain and cryptocurrencies are is bound to have heard about smart contracts. Given the increasing number of entrepreneurs seeking to register a cryptocurrency company, concluding…

Digital Business in Belgium

Currently, the two most popular digital areas in which you can open a business in Belgium include the sharing economy & mobile commerce (or m-commerce). The sharing economy is based on such platforms as Airbnb,…

What’s new in crypto regulation in Southeast Asia?

Recent changes in cryptocurrency regulation show that Southeast Asia is focused on the security of operations in the cryptocurrency market and compliance with AM / CFT rules. Regulators of the countries of the region are…

Cryptocurrency, Utility and Security Tokens Explained

Tokens is still a new concept that is quite difficult to understand by many. How to distinguish between their functionality? There is too much confusion about it. And this is normal. In our material, we…

Regulation of Cryptocurrency Derivative Market in the Republic of Singapore

According to the recent statement released by the MAS, Singapore’s main financial regulator, the organization will be overseeing contracts in which payment tokens will be used as underlying assets. The supervisor will be also regulating…

Great Kickoff: First Licensed Cryptocurrency Fund in Hong Kong

The first virtual currency trading license was recently issued in Hong Kong. Venture Smart Asia has launched its own cryptocurrency fund here, which buys and tracks Bitcoin prices. How to get a crypto license in…

Cryptocurrency Regulation in the State of Portugal

There are no specific laws in Portugal regarding virtual assets, cryptocurrency exchanges, e-wallets & virtual asset operators. However, that doesn’t necessarily mean that there’s no regulation in the market of virtual assets. Panning on starting…

Australia’s Cryptocurrency Industry

Over the past several years, Australia has seen an explosive growth of cryptocurrency companies. To date, the government adheres to the position of regulating the crypto sector based on the principle of non-interference. This allows…

Cryptocurrency Regulation in the State of Japan

Creating a cryptocurrency company in Japan requires familiarity with respective legislation. In the state of Japan, cryptocurrencies are regulated by the amendments to FIEA & PSA that were passed in twenty nineteen & will enter…

Establishing AIF in Liechtenstein for Crypto Assets

The Principality of Liechtenstein is particularly appealing for investors for a number of reasons. Some of them include: Liberal regulatory framework Streamlined taxation Protection of sensitive data Access to Europe (EU / EEA) due to…

ESMA – Challenges & Opportunities in the New Millenium

It is common knowledge that ESMA is now focusing on the European securities market. Its major goal is to help protect investors, streamline market practices & guarantee financial stability. Innovation wise, ESMA is responsible for…

Invest in ICO? Learn How to Conduct a Security Check First

Today, huge numbers of people are wishing to register a company under ICO, as well as obtain a license for cryptocurrencies. This number has reached almost a record level thanks to the active assistance of…

Using Blockchain in the Financial Sector

Blockchain technology has the potential to give an impetus to the development of an entire range of new industries. Therefore, companies seeking to engage in cryptocurrency business in the US (and worldwide) are increasingly viewing…

Executing an ICO in the US

All those trading in cryptoassets in the US were taken completely by surprise by the SEC’s recent decision to consider cryptocurrencies securities. But here an important reservation needs to be made – the decision does…

Cryptocurrencies in Switzerland

There is a huge number of assets nowadays, ranging from ordinary money to all kinds of securities. However, their use or sale can cause their holders certain difficulties. Following the first application of blockchain technology,…

Long Live the Bitcoin! Virtual Currencies Gain Popularity in the UK

In this article, we will try to figure out what causes a stunning and constantly growing interest in virtual currencies, in particular, Bitcoin, and why registering a company for working with cryptocurrency is now gaining…

SEC Getting Tough on ICO Startups

A number of startups conducting ICOs in the US have recently been affected by the SEC’s decision to make them more compliant with its regulations. And though some of them have been able to get…

US Lawmakers Seeking SEC Clarification on ICO Regulations

A group of US senators have forwarded a letter to the Head of the SEC requesting the latter to provide clarification on whether ICOs can be regarded securities, and if so, whether trading in ICOs…

SEC & ICO

Founded by US Congress in 1934, the SEC is primarily charged with making sure that statements filed by corporate entities comply with respective regulations and that issuers of securities do not breach the rights of…

How ICO Get Structured in the Cayman Islands

Businesses pondering undertaking ICOs are facing 2 important questions:  Which jurisdiction should they pick? How should an ICO be structured? When it comes to answering the 1st question, they should not look long and hard….

A Guide to German Crypto License Applications

After several years of ups and downs of cryptocurrencies, one can now speak about the emerging sphere of crypto asset management, although the process of its evolution is still ongoing. For example, recently the German…

Legal Framework Governing Cryptocurrencies in Austria

Unlike conventional currency exchanges, cryptocurrency exchanges are decentralized, which is why governments or banking institutions are unable to exercise control over their transactions or act as intermediaries. Everyone who is somehow involved with cryptocurrencies or…

How Virtual Currencies Get Regulated in Switzerland

Switzerland’s Zug is where the Crypto Valley came into being once. It also hosts a large and thriving community of cryptocurrency companies. The city is a genuine mecca for investors seeking to register a cryptocurrency…

HOW CRYPTOBUSINESS IS REGULATED IN MALTA

Malta has been rightfully recognized as one of the pioneering countries in the field of fintech and crypto business both in Europe, and globally. The Malta Financial Services Authority began issuing various advisory documents as…

Fintech and cryptobusiness regulation in USA

Finance and technology are those industries that have long been flourishing separately on their own. What can happen if they become connected? Nowadays, we just see the results of the connection. The area has become…

Cryptocurrencies: a New Tool for Investors and Financiers?

Legal Framework for Operations with Cryptoassets in Japan A cryptocurrency has a number of attributes which help the regulators of cryptocassets in Japan conclude whether it falls within a specific country’s jurisdiction. The main ones…

Legal alert: Digital financial service technologies in Singapore

Striking the eye of financial society, digital currency became a trend in the end of 2017 and caused global regulation transformation to ensure consumers safety and slacken money laundering processes. Despite the decreasing of mentioning…

The State of Global Cryptocurrency Regulation in Southeast Asian countries

Regulators in Southeast Asian countries have taken a great interest in the regulation of the cryptocurrency industry. Regulators in Singapore, Indonesia, Malaysia, Thailand and the Philippines have issued guidelines and new regulations in recent months….