Blockchain Cyprus

1. blockchain has developed in five stages
1. Germination stage: the real germination stage of blockchain was from 2007 to 2009. In 2008, a Japanese American with the pseudonym of Nakamoto first expounded a new fantasy report on electronic money in the form of a synonym on the cryptography discussion group, and bitcoin came out. As early as 2007, Nakamoto began to explore a series of new technologies to create a new currency. On October 31, 2008, bitcoin white paper was released, and on January 3, 2009, bitcoin system officially began to operate
the main technologies supporting bitcoin system include hash function, distributed ledger, blockchain and asymmetric encryption; It can be seen that these technologies build the initial version of the blockchain, and it can also be said that the blockchain is the underlying technology of bitcoin. During the three years from 2007 to 2009, bitcoin was an experimental stage in which a very small number of people participated, and the real commercial activities had not really started
2. "Geek" niche stage: here, "geek" refers to people who are crazy about Internet technology and take technological innovation as fashion and life. On February 6, 2010, the first exchange of bitcoin appeared. On May 22 of the same year, someone bought two hamburgers with 10000 bitcoins. On July 17 of the same year, the exchange Mt. GOx was established, marking the official inflow of bitcoin into the market. Nevertheless, the only people who can really understand and enter the market to participate in bitcoin trading are geeks who are keen on Internet technology. They discuss bitcoin technology on the forum, mine for bitcoin on their own computers, and then buy and sell bitcoin on Mt. GOx. Now these geeks have become billionaires
3. Market brewing stage: the price of bitcoin was $13 at the beginning of 2013, but on March 18 of the same year, the government of Cyprus closed the bank and stock market e to the financial crisis, which made the price of bitcoin soar, and the highest price rose to $266 in April. On August 20 of the same year, the German government confirmed the currency status of bitcoin. On October 14, China network announced the opening of bitcoin payment channel. In November, the US Senate hearing also confirmed the legitimacy of bitcoin. On November 19, the price of bitcoin rose to US $1242, forming a new high. Nevertheless, the foundation for blockchain to enter the mainstream social economy is not yet available, and the soaring price of bitcoin is only e to over optimistic expectations. The containment of China's banking system, the collapse of Mt. GOx and other events made the price of bitcoin continue to fall. At the beginning of 2015, the price of bitcoin has dropped below $200. From 2013 to the beginning of 2015, the public began to understand bitcoin and blockchain
4. The mainstream period of blockchain: on June 23, 2016, the United Kingdom left the European Union, the fifth nuclear test of North Korea in September, Trump's election in November and other events, the uncertainty of the world's mainstream economy led to the recovery of bitcoin with the function of risk aversion. The market demand was large, and the increase of trading volume made the price of bitcoin soar from $400 in 2016 to $20000 in 2017, The wealth effect of bitcoin and the transaction overflow caused by network congestion of bitcoin have led to the outbreak of other series of virtual currencies, as well as a variety of blockchain applications, resulting in the emergence of a large number of blockchain assets that are 100 times, even 1000 times and 10000 times, which has aroused the crazy pursuit of the world, Subsequently, the Chicago Mercantile Exchange launched bitcoin futures trading, marking that bitcoin has officially entered the mainstream investment proct series, and bitcoin and blockchain have entered the global attention
5. Instry landing stage: after the market frenzy in 2017, the virtual currency and blockchain have been adjusted in terms of market, supervision, cognition, etc. in 2018, returning to rationality. In 2017, many blockchain projects that follow the blockchain technology will graally die out with the cooling of the market, and the projects with real blockchain applications will be initially implemented. 2018 is not only the first year of the blockchain, but also a gold rush period for the blockchain. After the waves wash away the sand, what remains is relatively good gold
from the perspective of the history of blockchain development, blockchain technology is not yet mature and is currently in the growth period. The specific practical application of blockchain is only used in the financial field. It still needs a long way to go to apply blockchain from other instries. However, we should grasp the trend of blockchain and actively learn from the new field of blockchain.

2. Domestic blockchain projects are still relatively conservative. Blockchain projects always involve a derivative instry, that is, digital currency transactions. If domestic projects are not allowed, what should we do? You can register a non-profit foundation in Singapore and add relevant legal opinions to prove that the project you are doing does not violate the current laws and regulations of Singapore, such as Biyuan chain and Leyte coin

after registering the main body of the foundation, we still need to do later legal compliance, the main purpose is to draw a clear line between law and crime, but I said it doesn't count. Because digital token is indispensable for blockchain. To put it bluntly, digital currency drives the popularization of blockchain in China, but what's the fact? Digital currency is just a small application of blockchain technology

e to the particularity of the instry, At present, there are no formal laws and regulations to restrict its development, involving a wide range of violations:
pyramid selling
illegal fund-raising
money laundering
absorbing public deposits
illegal operation
transnational foreign exchange crimes
providing more convenience for terrorist financing

therefore, different countries in the world have different attitudes towards blockchain, and China is explicitly prohibited, So we all go overseas to develop projects, such as Singapore and Thailand. First, the local laws and regulations are required. Who has the final say in the matter of whether the project is legal? There are two ways: to apply for a formal digital transaction license or to rely on a legal opinion issued by a lawyer. At present, the latter is in the majority, easy to operate and low cost.

3. TOBI, regular, can also guarantee the security of funds

4.

At present, the blockchain project compliance is divided into two sections:
first, the blockchain coin issuing project compliance: Foundation + legal compliance opinion

often referred to as ICO, IEO, and so on. First of all, we build overseas entities first. Generally speaking, the Singapore foundation is more preferred by the coin issuing entities. It is a non-profit company in the form of XX Foundation Ltd. Finally, a legal compliance opinion is issued by a Singapore lawyer. The content of the legal opinion includes the amendment of a white paper and the token non securitization certificate, which is mainly to make the project comply with the laws of Singapore. This legal opinion is also needed for the later docking of the project with the currency on the exchange

5. Hello, I'm very happy to answer this question
today we talked about the Cyprus license plate. We all know its weight in the minds of foreign exchange brokers. Many people will surely think, why is the registration of a license plate in a small country not only requires a deposit, but also a relatively high registration fee
first of all, we need to know that Cyprus is a member state of the European Union. Financial institutions registered with the financial regulatory authorities of the member states of the European Union can obtain the authorization of the FSA in the United Kingdom, obtain the FSA registration number, and then accept British customers. Cyprus is the least taxed country of all EU members, with only 10%. Therefore, many companies will consider the overall tax and choose to land in Cyprus
Cyprus license belongs to STP straight through license and also belongs to European license. As foreign exchange practitioners all know, European license in the supervision column can show the EEA supervision status of FCA in the UK. Therefore, many people want the hard core supervision like FCA in the UK, but the capital is not so strong. It is very good to choose this license. Moreover, Cyprus can be regarded as a foreign exchange concentration camp. For many platforms, this license is also a strength, because its registration fee plus deposit is not low.
let's look at the information needed for Cyprus license application:
&&# 160;&# 160;&# 160;&# 160;&# 160; 1  Information of Cyprus foreign exchange company (no need to register first)
&&# 160;&# 160;&# 160;&# 160;&# 160;&# 160;&# 160;&# 160;&# 160;&# 160;&# 160;&# 160;&# 160;&# 160;&# 160; 2  Write a business plan (white paper)
&&# 160;&# 160;&# 160;&# 160;&# 160;&# 160;&# 160;&# 160;&# 160;&# 160;&# 160;&# 160;&# 160;&# 160;&# 160; 3  Bank account number of market maker (bank account of foreign exchange company)
&&# 160;&# 160;&# 160;&# 160;&# 160;&# 160;&# 160;&# 160;&# 160;&# 160;&# 160;&# 160;&# 160;&# 160;&# 160; 4  Submit to cysec for Review
for Cyprus license, you need to pay a deposit, and you need monthly maintenance. Therefore, before choosing a license, you should choose according to your own economic situation. If you are not clear, you should consult an agent,
the whole application time takes 2-3 months&# 160;
apply for Cyprus license, Cyprus company, Cyprus license, foreign exchange license
build digital currency exchange, US MSB license, Canada fintracmsb license, US NFA license, Estonian MTR, UK FCA, Singapore foundation, Singapore MAS financial supervision, digital currency exchange license, blockchain license, virtual currency license, digital currency supervision license, etc Global overseas regulatory licenses such as St. Vincent registration text regulatory, New Zealand FSP and FMA license, Australian ASIC license, cryptocurrency license, etc.

6. Hello, I'm glad to answer this question
in terms of the current financial regulatory licenses in various countries, the popularity of Cyprus license is not as good as NFA license in the United States, FCA license in the United Kingdom, ASIC license in Australia, etc., but why does Cyprus still have many foreign exchange companies
brief introction to Cyprus
Cyprus is a member state of the European Union. Financial institutions registered in the financial supervision units of the European Union member states can obtain the authorization of the FSA in the United Kingdom, obtain the FSA registration number, and then accept British customers. Cyprus is the least taxed country of all EU members, with only 10%. Therefore, many companies will consider the overall tax and choose to land in Cyprus. Companies registered in Cyprus can operate in Europe. The authorities in Cyprus have removed restrictions on foreign direct investment, allowing foreign investors to own 100% of the shares in many cases. Cyprus stock exchange opens up foreign securities investment<
nature of organization
cysec was established in 2001. When Cyprus became a member of the European Union in 2004, cysec also became a member of the MiFID regulatory system of the European Union, opening the door for companies registered in Cyprus to enter the European market. Joining the European Union and the euro zone has greatly changed the financial regulatory framework of cysec, which was previously regarded as a tax haven
the Cyprus securities and Exchange Commission (cysec), as an independent public supervisory body, was established in accordance with Article 5 of the securities and Exchange Commission (establishment and responsibility) Act 2001 to supervise the investment services market and the transferable securities exchange market in the Republic of Cyprus. Institutional vision: to build the Cyprus securities market into one of the safest, most reliable and most attractive investment destinations. Institutional mission: to carry out effective supervision to ensure investor protection and healthy development of the securities market
the category of cysec regulatory license in Cyprus
in the financial world, Jews have always been at the top, as well as in the brokerage instry. As Cyprus is very close to Israel, it naturally becomes a good place for Israel to seek supervision. Therefore, a large number of brokerage companies are registered in Cyprus
at present, there are two kinds of brokerage licenses in Cyprus, one is the license that can only be used as STP, the other is the license that can be used as STP or market maker. The second is more demanding and costly< Application process of cysec license in Cyprus
1. Fill in application form 144-03-01
2. Calculate the required fee according to Chapter II of the application form
3. Submit the application form to the securities and Exchange Commission of Cyprus
4. Cysec reviews the application or summons the applicant (if necessary)
5. The board of directors of cysec decides whether to authorize
6, Reply within 6 months to decide the information to be submitted:
1 information of Cyprus foreign exchange company (no need to register first)
2 writing business plan (white paper)
3 bank account number of market maker (bank account of foreign exchange company)
4 submitting to cysec for Review
& # 160;

7. The application for digital full banking license and digital wholesale banking license must meet the following requirements:
- the applicant must have a company operating in the field of technology or e-commerce, and have a three-year or more instry record *
- key personnel * * must have appropriate background and experience, For details, please refer to guidelines on fit and hypercriteria
- to prove that the applicable minimum capital requirements can be met at the initial stage, and the minimum capital requirements can be met continuously
for applicants of digital bank wide license, A minimum capital commitment of S $1.5 billion or a specific fund-raising plan must be provided to meet the full operation of its banking function
for applicants of digital wholesale banking license, the minimum required capital is S $100 million to support the full operation of its banking function
- provide a clear value proposition, Combining the use of innovative technologies to meet customer needs and cover underserved segments of the Singapore market
- the applicant must provide a five-year financial forecast of the proposed digital bank to demonstrate the profitability and sustainability of the proposed digital bank business model, and the financial forecast must be reviewed by a third-party expert
- submit a practical plan, To facilitate the orderly exit of the proposed digital bank
- the shareholders of the proposed digital bank undertake to provide letters of responsibility and commitment on the operation of the proposed digital bank as may be required by MAS
- for the digital full bank license, MAS will only consider issuing it to applicants controlled by Singaporeans and headquartered in Singapore
* if the applicant is a corporate group, Then the corporate entity holding the digital banking license and its controller with more than 20% shares need to meet this condition
be able to handle

8. Matcha has been licensed by Swiss VQF again. Global Compliance of major exchanges is under way
VQF was established in 1998. It is Switzerland's oldest and smallest self regulatory organization (SRO). Switzerland's financial policy follows a decentralized, bottom-up approach. For z-money traders, Switzerland's regulatory environment is the most suitable for the establishment and operation of bottom-up innovative financial technology and fast chain technology companies in Switzerland
the advantages of operating financial instry in Switzerland include:
1. Deep culture of privacy protection, confidentiality and legal certainty
2. Low tax and friendly regulatory environment
3. Friendly and relaxed government business environment
4. Supporting the economic environment of start-up enterprises and having the top J service enterprises in the world
5. Its per capita GDP has always been in the forefront of the world, and it is one of the most stable economies in the world
6. Perfect infrastructure and ecation are the world's leading research institutions
7. Visionary enterprises and pioneers of z-word currency and fast chain in the world
8. Deep fund pool and world-class engineering talents
business scope of Swiss z-money company:
1. The company can provide z-money transaction, z-money bank and digital wallet services; Secondly, it can provide the following other services:
2. Conct credit transactions (related to consumer loans or mortgage loans, factoring business, commercial financing or financial leasing)
3. Provide services related to payment transactions, conct electronic transfer in the name of others, or issue or manage payment methods, such as credit card and traveler's check
4. Trading in the customer's own name, or in the form of currency, money market instruments, foreign exchange, precious metals, commodities, securities (stocks, stocks, value rights) and their derivatives
5. Asset management
6. Holding or managing securities
7. Provide investment advice
8. Holding or managing securities
the process of applying for Swiss financial license
setting up a Swiss company: prepare the information required for handling the list
opening a Swiss corporate account: after registering a Swiss company, the company needs to open a Swiss bank account
renting Swiss offices: you can start renting Swiss offices while handling Swiss bank accounts
employment of Swiss employees: an important step in applying for z-word currency license is to employ qualified Swiss employees and recruit them immediately
submission of application materials: after preparing the basic conditions for the establishment of the company, all the materials for the preliminary examination shall be submitted to FINMA and reviewed by FINMA
it takes six months or more to apply for a license in Switzerland, depending on the specific situation of the license. If the European market is to be developed, the project party that needs to apply for the Swiss license should make plans in advance< (1) about financial technology licensing
FINMA is the government department responsible for financial supervision in Switzerland, which supervises banks, insurance companies, stock exchanges, securities dealers and other financial intermediaries (including foreign exchange dealers)
the Swiss financial market authority (FINMA) will issue new financial technology licenses to the fast chain companies in the district
the system modifies the original law to allow the licensee to receive public funds of at least 100 million Swiss francs, as long as the licensee does not invest the funds or pay interest on them. Companies with financial technology authorization can also keep and hold customers' asset-based tokens without additional application for FINMA authorization as securities dealers or securities companies< Second, about the Swiss VQF license
VQF is headquartered in chug, central Switzerland. VQF was initially established as a quality assurance organization of chug financial center. Since its establishment, VQF has been acting as the official self regulatory organization (SRO) recognized by FINMA in accordance with the Swiss anti money laundering Act (amla). VQF has always played an important role in protecting and strengthening the interests of financial intermediaries and their investors
most members of VQF come from private financial intermediaries, such as independent asset management companies, trustees, lawyers, trust companies, providers of collective capital investment plans, etc. For licensed members, VQF will conct regular audits, train them on matters related to the anti money laundering law, and represent their interests in the legislative and political fields
having this license means that the company can engage in digital asset related transactions, which is of great significance for developing European business and enriching global layout.

9.

The conditions for the establishment of a Swiss digital currency dealer company are as follows:

1

2. Swiss companies should have two Swiss residents as registered directors

3. Provide 100000 Swiss francs of asset security, including 50000 Swiss francs, which need to be frozen when the company is registered, and then unfreeze after the company is registered. The company needs to keep a minimum deposit of CHF 100000 in its account

4

5. In addition to directors, it is necessary to employ about 2 employees

6

IV: registration details of Swiss digital currency license:
set up a Swiss company → open a Swiss corporate account → rent a Swiss office → employ Swiss employees → after renting an office → submit the license application materials:

after preparing the basic conditions for the establishment of the company, submit all the pre-trial materials to FINMA, And reviewed by FINMA. This time is about 3-5 months
in total, the total processing time of Swiss digital currency is 7-10 months