Overseas blockchain license

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

digital currency license in the United States. I'm glad to answer your question, because I'm very familiar with it. I've served many well-known exchanges, such as Matcha, Lein, ZB, ZG, and so on. The process is relatively simple. Generally, the license can be issued in one to two weeks, It includes all the work of companies and licenses in the United States, because the policies of each state are different, and all States can choose the appropriate state to reasonably avoid taxes and operate in the United States in compliance with the law, etc.

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

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

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

What is the difference between Australian austrac license and American MSB and Japanese FSA:

1. in terms of cost, American MSB, Australian austrac license, Japanese FSA

2. The regulatory scope of the three licenses is different





austrac is the financial regulatory agency of Australia, responsible for preventing and detecting money laundering and terrorist financing. The federal government enhances the compliance of reporting entities with AML / CTF laws and regulations by expanding the powers and functions of the CEO of Australia Group

austrac regulatory license conditions:


1. Digital currency dealers in Australia must handle austrac and provide all business details. If the company providing digital currency transactions does not apply for austrac's license, it may result in two years' imprisonment, a fine of aud105000, or both

Establish and maintain AML / CTF plan to identify, mitigate and manage the money laundering and terrorist financing risks they may encounter. At least two responsible persons shall be appointed, at least one of whom must be a director of the company and at least one of whom shall be a compliance officer

3. Identify and verify the customer's identity

4. Report suspicious activities and transactions involving legal currency, exceeding aud10000 or more (or equivalent) to austrac

5. Keep special records of transactions, customer identification and AML / CTF projects for 7 years

to apply for Australian austrac license, you need to register a European company first, and then apply for the license. Generally, you will choose a reliable agent company to provide the director information and the name of Australian company



blockchain exchange project compliance: subject company + digital currency trading license:


1. At present, the compliance mode of the exchange, we can apply for a license alone, when applying for a license, we usually register a local ordinary company as a regulatory condition to apply for a license, this ordinary company can be used as the subject company of the exchange. At present, when dealing with the compliance license of the exchange, such as the US MSB license, Estonian MTR and wallet al license, Canadian MSB license, Singapore MAS license and Australian license are all very good. They are also several licenses that the exchange often does. High cost performance, such as hotcoin, bittrer, poloniex, coinbase, and okex, these exchanges have obtained the US MSB license

2. The exchange is compliant. First, it should be a Singapore foundation as the main company, and then apply for the digital currency license

the main company of the Singapore foundation can also be used as the platform currency issued by the exchange in the later stage

at present, the compliance of blockchain projects generally refers to non-profit foundations, legal opinions and exchange licenses, and the specific development direction of the project itself