Singapore digital currency exchange licence
digital currency financial license generally refers to the license to operate digital currency related business in a certain country or region. Having a digital currency finance license means that the institution can conct business and derivative services related to digital currency in the place where it is issued. Such as the establishment of digital currency exchange, payment, digital currency financial derivatives and so on
the issuers of digital currency trading license are generally the National Central Bank and financial regulatory agencies, of course, the participation of legal departments is also very important. There are also great differences in the license application standards of various countries. Some countries and regions even need to apply for relevant securities, banks and funds licenses at the same time
most of the information about the current operation status of the exchange (if the exchange is currently operating) is prepared by lawyers ·
US MSB license, with low registration cost and fast application time, is the lowest application fee among the current financial licenses
we can apply for the following licenses: US MSB license, Canadian MSB license, US NFA license, Estonian MTR, UK FCA, Maltese license, Mauritian license, Singapore foundation, Singapore MAS financial supervision, blockchain license, digital currency supervision license, UAE FSRA license, Cyprus cysec license, Belize IFSC license New Zealand FSP and FMA license, Australian ASIC license, Swiss FINMA license, Seychelles FSA license, Cayman CIMA license and other global overseas regulatory licenses
The following is the title of the main sorting out of the current project side and the exchange of things more license, for reference -
fifth place: Singapore MAS
influence: five stars
compliance: five stars
application difficulty: five stars
there is no doubt that Singapore MAS license is one of the most valuable licenses at present, but its application threshold is high and the licensing time is very long, which makes many exchanges flinch
Hello! I'm glad to answer your question
at present, there are few countries in the world that issue supervision licenses for digital currency asset transactions, such as austrac license in Australia, MTR digital currency transaction / wallet license in Estonia, token license in Thailand and jvcea virtual currency transaction license in Japan
among the digital currency trading licenses in the above countries, Japan and Thailand have too high qualification requirements, and few exchanges or indivials meet the qualification requirements
Australia austrac and Estonian MTR can basically meet the qualification requirements. However, after the amendment of Estonian act on March 10, 2020, and the promulgation of the act on qualification, capital verification and local actual office space, the application cycle will be extended accordingly
at present, only ausrac in Australia is the most suitable license for digital currency asset trading license. It does not need capital verification, certificate fee and local office address. The application cycle is short and the qualification requirements are low. It can basically meet the qualification requirements. It has high international reputation and is the most cost-effective license at present. It can be considered directly
Singapore: digital currency exchanges need to apply for a license to operate in compliance with regulations. Souwei can develop Singapore blockchain digital currency exchange xrv522 , Singapore's minister of ecation ong Ye Kung said on behalf of the Singapore Monetary Authority (MAS), MAS will consult relevant instries in the near future, and formally introce the implementation measures and exemption provisions of the bill. This bill will directly affect many digital currency exchanges, wallets and OTC platforms in the Singapore market, and will comprehensively supervise the related businesses from the aspects of risk control and compliance
the first batch has not yet come down, and the previous trading platforms are allowed to reissue within the time cycle
but the pass rate is not 100%. Compared with other countries, the audit supervision is relatively strict
and the cycle is very long, and many platform entities have changed to other countries, For example, the United States, Estonia, Australia and so on
there are many kinds of license plates;, Today, we will introce in detail which digital currency licenses we have won the most.
the license is equivalent to a business license. In particular, after Huoyuan won the Japanese license, the US license and the Canadian license successively, the license has been pushed to a new height. Obtaining the US MSB license also means that the company can reasonably conct business in most states of the United States. This is the reason why the major exchanges have started to apply for licenses. If they want to carry out business formally and legally, they have to apply for licenses. For the exchange, the license can not only increase the trust of customers and enhance their visibility, but also make the exchange develop better and faster in compliance< br /> <
first place: US MSB
influence:
compliance:
difficulty of application:
if you want to legally carry out digital currency business in the US, you must obtain US MSB license! Fire coin, coin an, OK, Matcha and other first and second tier exchanges all got MSB, and its gold content is self-evident
second place: Singapore foundation + legal compliance opinion
influence:
compliance:
difficulty of application:
a complete Singapore compliance system is also the best choice for many project parties and exchanges
third place: Estonian MTR
influence:
compliance:
application difficulty:
Estonian is double license, digital currency license + Wallet license, so why is it ranked fourth? Because its policies change from time to time, it will be more difficult to apply at that time. The legal person will probably be spot checked and interviewed in the local area, and there are a lot of preliminary materials to be prepared. However, if you break through many obstacles and finally get the Estonian license, you will feel that everything is worth it
fourth place: MAS in Singapore
influence:
compliance:
difficulty of application:
there is no doubt that MAS license in Singapore is one of the most valuable licenses at present, but its application threshold is high and the licensing time is very long, It makes many exchanges flinch...
fifth place: austrac of Australia
influence:
compliance:
difficulty of application:
austrac has been on the sidelines because of the difficulty of application and high cost. Recently, Australia's license application policy will be relaxed. More exchanges will choose Australia's digital currency license, and the ranking will graally rise
Introction to MSB in the United States
Introction to MTR in Estonia
Introction to Singapore foundation
&< br />
the Republic of Estonia is one of the three Baltic states in Eastern Europe. It faces the Baltic Sea in the west, the Gulf of Finland in the north, and Latvian and Russian borders on the South and East respectively. In 1991, after the declaration of independence of Lithuania, Estonia became independent, with Tallinn as its capital
the name of Estonia (Eesti) may come from the people called aestii described in the Germanic chronicles by Tacitus, an ancient Roman historian. Although Estonia is generally poor in resources, there are still a small number of resources with rich varieties on its land
the country also has a large amount of oil shale and limestone, as well as forests covering 47% of the territory. Because of its fast-growing economy and advanced information technology, Estonia is often referred to as & quot; The Baltic tiger;, The world bank lists Estonia as a high-income country
first of all, the intellectualization with blockchain technology as the core. Estonia should be the first country in the world to use blockchain technology, and ensure that the public data of the country can be stored on the distributed data network through xroad system. On the basis of blockchain technology, a relatively complete intelligent system has been built
information required for applying for Estonian blockchain license
Company's internal control rules, company's internal procere rules, company's website address, name and contact information of the person in charge of providing services, about the person designated to prevent money laundering and terrorist financing, about the person appointed by the operator responsible for implementing international financial sanctions in accordance with Estonian legislation Certificate of criminal record of the beneficial owner
for shareholders and directors, a of a valid passport notarized in English and a of proof of residence address (e.g. no more than professional reference letter, bank statement certified in English and a notarized of University Diploma in English) should be submitted
for application, it is mainly based on their own needs and budget, I hope I can help you
Hello, I'm glad to answer your question
one of the conditions for applying for MAS license in Singapore is to apply for an ordinary company in Singapore
specific information of applying for Singapore company:
1: information of directors, 2 are recommended
2: Company Name: * * Pte.Ltd end
10-15 working days or so, The company has applied for and completed
the following is a long process of license application. Our company will handle all the relevant matters and consult Xiaobian to understand ~