United Nations Organization blockchain license
However, the relevant page of wbo shows that "this organization is not in consultative status with ECOSOC", which means that wbo has no affiliation with the United Nations
the above-mentioned instry insiders said that non-governmental organizations (NGOs) are non-governmental and autonomous, which means that they are independent of the government in system, and they are not part of the government system. It is unheard of for NGOs to engage in the business of license issuance and license issuance. The source said that there is a big gap with NGOs in terms of the types and contents of services provided by wbos, It's more like a government regulator
According to UN resolution 1296, if NGOs want to register in the United Nations, their members must participate in organizational activities in a democratic way, have a democratic decision-making mechanism, have arrangements of responsibility mechanism and transparency of decision-making process, And submit information on its budget and sources of funds to the United Nations According to the instry insiders, NGOs are still on the edge of the existing international system and have limited influence on major decision-making, but it is precisely because they can be registered in the United Nations that many organizations and indivials use them as endorsement toolsit is understood that as early as 2017, there was a similar NGO organization in China, named wadcc, which claimed to be an international organization at the first level of the United Nations and became the first global super sovereign third-party financial regulatory agency (NGO) under the economic and Social Council, Wadcc, like wbo, has no affiliation with the United Nations and is only registered with the UN Ministry of social economy
Zheng Xiaojun, chief economist of the world blockchain organization and President of the Caribbean blockchain Research Institute, introced the world blockchain organization at the tokensky blockchain conference in South Korea today. He mentioned that the Caribbean is the largest offshore area in the world, and a lot of international re export trade relies on the Caribbean for operation. However, 80% of the population in the region does not have bank accounts, and the financial infrastructure cannot be solved by traditional financial instruments. Therefore, the development and cooperation of blockchain in the world is very necessary
the MSB (money services business) license in the United States is a financial license supervised and issued by FinCEN (financial crime enforcement network, Department of the Treasury), The main regulatory objects are businesses and companies related to money services, including digital currency virtual currency transactions, ICO issuance, foreign currency exchange, international remittance and other businesses. Companies engaged in the above businesses in the United States must apply for MSB license to operate legally, which is the license that all companies operating digital currency business in the United States must have. Fire coin, coin security have this license to carry out transactions
of course, whether this license is suitable for you will only be known after a detailed understanding. After all, there are many kinds of licenses in the financial instry, so what are the advantages of applying for this license
1. Get investor approval
2. Get authoritative approval
3. Provide diversified services
4. Become a first-line trading platform, which is the standard configuration of the mainstream exchanges
the United States is a federal country, and the laws and regulations of each state are different, but the U.S. license is commonly used in 50 states, and the scope of the U.S. MSB license includes: digital currency issuance and transaction. Virtual currency transaction, ICO issue, international remittance, foreign exchange, etc. In short, as long as s is engaged in money related business in the United States, it needs to hold the license<
to apply for an American MSB license, you need to register an American company first.
to apply for an American MSB license, you need to submit the following information:
a basic information of an American company, including company registration certificate, articles of association, annual review documents, and company tax number
b, personal data of shareholders of American companies: including body powder, shield, personal telephone number and address proof
C overview of the exchange
d select the service type according to the MSB service list
d list the total amount of transactions
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the application time of MSB license in the United States is generally about one month,
if you can help me, please praise me. You are welcome to pay attention to me.
At the tokensky blockchain Conference on March 14-15, Zheng Xiaojun, director general of wbo, mentioned that the wbo licensing authority will issue three types of licenses: digital asset operation license (for ordinary digital asset companies), digital asset trading license (for digital currency exchanges, etc.) and ICO license (for ICO only projects, companies, etc.)
it is understood that the world blockchain organization is a non-governmental organization registered by the United Nations Economic and social affairs agency. Its purpose is to become a major international intergovernmental organization in the blockchain instry and provide another method and means to solve the financial problems between countries and regions by promoting the cooperation of the blockchain world
at present, wbo has more than 400 members and institutions, including nine offices including the licensing authority, to operate blockchain policy research, legislative promotion, standard formulation, evaluation and certification, conferences and exhibitions, training and ecation and other activities
the wbo with endorsement from international organizations will issue licenses related to digital cryptocurrency and blockchain, which may provide clearer guidance on supervision and practice at the national level, and bridge the cooperation between countries
as a financial technology leader, the United States discussed cryptocurrency, ICO and whether the existing regulatory framework is sufficient to protect investors at the recent congressional cryptocurrency regulatory hearing. Many of them agreed that the regulatory authorities should clarify the legal status of encrypted assets, and ensure that the relevant processes comply with the law while helping entrepreneurs to innovate
No matter what the result is, the measures taken by these important organizations and governments show that they will not sit back and watch the currency circle and chain circle go disorderly
it is worth noting that on March 11, the blockchain instry alliance of China Hi Tech Instrialization Research Association also announced that it has officially joined the ranks of wbo sponsors, and Zhu Tao, chairman of the alliance, is also the deputy director general of the world blockchain organization. With the issuance of internationally recognized licenses, will China's policies be relaxed
At present, there are quite a lot of MSB licenses in the United States. The bigger ones are Huo coin, coin an, and the smaller domestic second and third tier exchanges are all licensed. At present, the licenses are also a trend in the future. They are all moving towards standardization, and there are more than 20 applications for licenses every month
for example: US MSB, Estonia, Australia
for example, the cost of applying for MSB license in the United States, Canadian license and Australian license is relatively lower. Japan's FSA application takes the longest time and is not recommended
Estonia has one of the most competitive tax policies in the world. Estonian profits tax is not applicable. Bitcoin and altcoins are not subject to VAT
you can apply for; Two kinds of cryptocurrency license:
&8226; Official activity licenses for service providers to exchange virtual (encrypted) currency with fiat money, including services to encrypt the exchange of decrees, encrypt to commands, and encrypt to encrypt&# 160; When a
transaction such as commission service is provided, it becomes an exchange service. In addition, most of them are oriented to # 160; ICO's companies
will benefit from this legal compliance license&# 8226;&# 160; Virtual (encrypted) Money Wallet service provider
wallet is a digital offline (cold wallet) and online tool (hot wallet) based on public key encryption, which is used to send and receive cryptocurrency safely. Licenses cover services that create or retain private wallet keys, while funds belong to users
rather than service providers
both cryptocurrency licenses are issued by the financial intelligence unit (FIU) of Estonia and can be applied separately or together. It will take about 30 days
materials required for us MSB license 1. Basic information of US companies
1 company registration certificate
2 articles of association or equivalent documents
3 good reputation certificate (annual review document) of the company established for more than one year
4 company Ein tax code
2. Detailed personal data of shareholders and directors of US companies (scanned passport, personal telephone, address, etc.)
3. Brief introction of the exchange (which can be written by our company)
1. Services provided by the exchange
2. Current operation status of the exchange (if the exchange is currently in operation)
3. Customer groups of the exchange
4. Types of services, Refer to the list of MSB service types< Total transaction amount: list the total transaction amount of financial procts or services issued by MSB in each indivial month in the previous 12 months, which exceeds $100000
the registration process usually takes about four weeks
Canada and Australia are similar to the United States. I hope they can help you.
The Prime Minister of Lichtenstein believes that blockchain technology is promoting economic transformation, while Lichtenstein hopes to be at the forefront of blockchain development
as a result, the government has begun to draft "sensible" and comprehensive blockchain legislation to create a legal environment concive to innovation and regulation
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when other countries steadily introced laws related to blockchain and cryptocurrency, Prime Minister Adrian Hasler of Lichtenstein told coindesk that the bill to be introced in Lichtenstein "goes far further than the blockchain legislation in other countries"
Hasler said: the purpose of this law is to regulate all activities that may appear on technical systems, such as distributed ledger and blockchain systems, so as to provide legal certainty. But the law covers much more than the issue of cryptocurrency and tokens. The law aims to provide the necessary legal framework for a wide range of new services and business models involving these technologies
Hasler pointed out that the bill, known as "blockchain act", will outline a prudent and loose regulatory framework
the prime minister explained: there is no need for us to make too many regulations without practical significance, because the blockchain economy will develop beyond the regulations, which will certainly not be in the interest of any country. Therefore, we hope to put forward a reasonable regulatory method through this law, that is, the role of the state in creating legal certainty and confidence, and at the same time, where necessary
the bill will be mainly informed by the financial market supervisory authority of Lichtenstein, which has so far handled 100 blockchains and password related inquiries<
"significant changes"
Hasler further pointed out that the government has reviewed the relevant legislation of other countries, and has held consultations with fintech companies, financial service providers and lawyers. The government's purpose is to make the bill "as relevant as possible to reality". At the same time, he hopes to make the bill public this summer
although the proposed legislation coincides with the boom of cryptocurrency, Hasler said that the interest in blockchain in Lichtenstein is not on the spur of the moment. The bill is based on the analysis of "opportunities and risks of blockchain economy" by a working group convened about 1.5 years ago
Hasler told coindesk: we soon understood how blockchain can significantly change all aspects of our economic life and financial services
similarly, Hasler attributed the implementation time of the blockchain act to the broader "national innovation"
he explained: for the government of Lichtenstein, it is very important that the state and the government itself have the ability to further develop. The blockchain act originated from this innovation process
this small European country with less than 40000 people has shown increasing interest in blockchain and cryptocurrency technology so far
in March this year, crown prince Alois Philipp Maria disclosed that the royal family is considering investing its $5 billion wealth in cryptocurrency, and suggested that blockchain can be used to improve the efficiency of the government
in addition, Frick, the Bank of Lichtenstein, announced in March this year that it now allows customers to invest directly in cryptocurrency. The bank's move stems from the demand for cryptocurrency by enterprises across Europe< br />