FinTech

Germany: P2P Lending & Crowdfunding

The general consensus among German regulators is that regulatory requirements applicable to the already known investment models can also be applied to CIS. By adopting the 5th AML Directive, the German lawmakers have

BVI: Funds

As per the changes recently initiated by the FSMA, crowdfunding platforms in the Virgin Islands must ensure compliance with a new requirement. From now on, they are to apply for a Class F

Hong Kong: 1st Ever Cryptocurrency Exchange Given a License

The 1st ever license authorizing trade in digital assets has recently been granted to a company called OSL LTD. By obtaining a digital asset trading license in the SAR of Hong Kong, the

M&A of Crypto Companies May Become Reality in the USA

Recently, interest in cryptocurrency as a replacement for traditional finance has grown significantly, and this is the obvious reason for the growth in the value of Bitcoin and all major cryptocurrencies. Increased demand

Bulgaria: Crypto Business Regulation Updated

Bulgaria is part of the European Union and is characterized by favorable conditions for doing business. Financial technologies and operations with cryptoassets are actively developing here. Therefore, if you intend to start a

The UK: Protecting Cryptoassets From Theft And Hacking

The popularity of cryptocurrencies continues to grow, both for investors and individuals and organizations. Cryptoassets can be used to store funds and settlements, including cross-border ones. Therefore, they are attracting more and more

South Korea: Cryptoasset Trade Regulation

South Korea is one of the four Asian tigers. This clearly indicates that the country has a high level of economic and technological development, as well as very favorable conditions for doing business.

Cryptocurrency Regulation in Thailand

Despite the fact that cryptocurrencies aren’t officially recognized in Thailand, a local fintech company was able to raise funds from the public by offering digital tokens in 2018. To tackle such discrepancies, the Thai government...

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...

Japan: Amendments to the Money Transfer Act

Given the explosive growth of e-commerce marketplaces & relaxed regulatory requirements for business registration in Japan, cross-border payments are becoming increasingly commonplace in the country. Since wire transfers through banking networks are often too expensive,...

Thailand: TM & IP

As of today, there’s no particular piece of legislation preventing licensees from contesting foreign licensors’ TM registration in the Kingdom of Thailand. Thus, for the duration of the validity of agreements & upon their expiration,...

Singapore: Crypto Business Regulation

Entrepreneurs who are considering starting a crypto business in Asia and are looking for a suitable jurisdiction usually consider Singapore first on the list. The reason is because this is one of the four Asian...

Mining Cryptocurrencies in Bulgaria

Bulgaria is an active participant in the Fintech sector related to cryptocurrency trading. In addition to a number of companies working in the field of crypto token exchange, international conferences on cryptocurrency are held in...

Japan: Cryptoasset Trading Regulation

Having a reputation of a global innovation hub, Japan occupies leading positions in the field of IT technologies & Fintech. If you’re planning to register a crypto exchange in Japan or interested in the regulation...

Israel: Private Banking

Normally, ‘private banking’ refers to financial services provided to high-income individuals. All major Israeli banks have private banking departments. Some of them require their clients to have a minimum amount (from five hundred to one...

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...

Hungary: Bank Regulation

Regulation of banks in Hungary envisages: state control; ensuring monetary & fiscal stability; compliance with requirements for risk & capital management; deposit insurance; ensuring protection of banking secrets & consumer rights. Those seeking to set...

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...

Cyprus: Regulation of Cryptocurrencies

The Cypriotic government is currently looking into the possibility of including smart contracts in their future strategy. It’s projected that the strategy will be focusing on regulation of blockchain technology & smart contracts

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,...

South Africa: Banking Regulation

The basis for banking regulation in the SAR is the "Safer Financial Sector to Better Serve South Africa" document issued by the National Treasury. SARB, one of the country’s main financial regulators, is responsible for...

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...