New financial license of digital currency
MSB license in the United States is a license with a wide range of supervision. It is aimed at engaging in money service business and companies in the United States, including digital currency, virtual currency transactions, ICO issuance, foreign exchange, foreign exchange and so on. Relevant business companies must apply for MSB license to operate in compliance. The license plate is characterized by high reputation, high gold content, independent recognition by investors and exchanges, and low cost compared with other digital currency licenses. Processing: provide a director information (ID card) + provide a company name (need to help you register an American company first)
Estonian MTR virtual currency trading license includes two licenses: virtual currency trading license service and wallet trading service license. Characteristics of the license: the first digital currency license issued by the state is very friendly to the blockchain, the relative policy bill and so on, and the reputation is very high. Although the cost is higher than that of the US MSB license, it is actually very low. Handling: the first way: provide a director's information (ID card) + provide a company name (need to help you register an Estonian company first) + director's no criminal record certificate (need to be notarized) + capital verification account 12000 Euro + local actual office and office staff. The second way: provide a company name, other all inclusive
digital currency traders in Australia need to apply for austrac. If the company providing digital currency transactions does not apply for such a license, it may lead to two years' imprisonment or a fine of aud105000. Australia austrac license features: its business scope can reflect the digital currency words, famous, high gold content, the cost is relatively low. Processing: provide a director's information (ID card) + provide a company name (need to help you register an Australian company first) + director's no criminal record certificate
in fact, the above three licenses are the three most popular digital currency licenses at present, and they all have one thing in common, with high reputation, high gold content and low cost, These three kinds of licenses are not only recognized by customers and investors, but also the three kinds of licenses that the trading platform competes to handle.
The use of digital currency license: 1. Packaging platform, good publicity 2. Developing OTC legal currency business of exchange currency trading and contract futures 3. Platform compliance, risk aversion
the commonly used licenses are: MSB of the United States, Estonia (al license digital currency trading license and wallet license), MSB of Canada, Australia, caymann, Singapore, Malaysia, Saint Vincent Philippines, etc
the license of each country should be applied by the local company, or the company can be registered before applying for the license. It can also register with the Singapore foundation, and lawyers can issue legal opinions on the project white paper
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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
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
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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. 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 application qualification. It has high international reputation and is the most cost-effective license at present. It can be considered directly
Vanuatu's low-cost financial license and fast registration speed attract more and more overseas businessmen. Vanuatu financial license, namely the business license of financial institutions, is an official document approving financial institutions to carry out business. The licence is issued by and regulated by the Vanuatu Financial Services Commission (vfsc). Vfsc financial license has become a new trend of global foreign exchange instry supervision. At present, as one of the few offshore financial developed areas in the world, Vanuatu's financial instry is receiving strong support from the government
vfsc financial license has become a new trend of global foreign exchange instry supervision
it is especially suitable for Chinese securities companies, because Vanuatu's political and economic interests in China are actively protected and supported by China
provide the following support in the process of license application:
(1) provide consulting services for the whole project
(2) help customers to prepare the required documents
(3) contact local regulatory authorities in Vanuatu
(4) register a new company for client Party A with a local registered agent and address in Vanuatu
(5) provide a business plan for client Party A to apply for financial license(6) for the application of financial license, we need to prepare the compliance manual and related processes
(7) help client party a apply for financial license(8) maintain and guarantee the validity of the company and its registered address within 12 months from the establishment of the company
(9) to pay 5 million Vanuatu dollars (about US $50000) on behalf of the customer as the deposit fee of the license (optional)
(10) to open Vanuatu local bank account for the customer (optional)
Vanuatu financial license supports a variety of trading services, such as remittance business, payment instry, foreign exchange trading, bulk commodities, securities trading and financial consulting, wait. In particular, it is very suitable for Chinese securities companies, because Vanuatu's political and economic interests in China are actively protected and supported by the Chinese government
With the advantages of low cost and fast registration, the financial license of Vanuatu (vfsc) has become the regulatory license favored by many financial trading institutionsgold content: Estonian MTR double license > Australian license ≥ US MTL license ≥ Mongolian license > US MSB license
fee: Estonian MTR double license > Mongolian license > US MTL license > Australian license > US MSB license
time: Mongolian license > US MTL license > Estonian MTR double license > Australia MST license AC license > U.S. MSB license
at present, the largest number of applications for the currency circle exchange is the U.S. MSB digital currency license, which has low cost, short application time, no monthly maintenance cost and good reputation.
the issuers of digital currency trading licenses are generally the National Central Bank and financial regulators, and the participation of legal departments is also very important. At present, the countries that have issued relevant licenses for digital currency trading instry mainly include Japan, the United States, Switzerland, Thailand, Canada, the Philippines, etc. Generally speaking, the purpose is to protect the market and investors, and promote the legal existence of digital assets within the legal framework of the country. In countries where digital currency transactions are legal, the license is very useful and is a pass to do all related business
take the US MSB with the largest number of applications as an example
advantage 1: investor recognition (the US company law and financial instry regulation are very perfect, and the US license will make your digital currency trading platform more recognized by global investors.) Advantage 2: get authoritative approval (with the authoritative approval of the U.S. Treasury Department, you can carry out relevant business in the United States and around the world, which represents the compliance supervision of the digital currency platform.) Advantage 3: becoming a first-line platform (MSB) is also a standard license for global digital currency trading institutions. Platforms such as coinbase, bitfinex, poloniex and hotcoin.com all hold this license to operate.) Advantage 4: diversified services (MSB license allows currency exchange and delivery services, so that you can better meet customer needs and provide more diversified services.)
the basic process of applying for a license is to provide a company name and shareholder information, register a local company first, and then prepare relevant materials to apply for a license. The simple step is to register a company and apply for a license.
according to the research on the exchanges of major project parties, the following popular licenses are sorted out:
first place: US MSB
influence: [! 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: [
third place: Canada's MSB influence: compliance X: difficulty of application: fame is not as big as that of the United States, but in 2020, the scope of business of the license will increase the virtual currency transaction, so a wave of Canada's MSB application boom has set off recently
fourth place: Australian austrac license influence: [. The digital currency exchange operating in Australia will now be supervised by austrac, the Australian financial regulator. Australian law gives austrac the right to supervise the digital currency exchange to trade various cryptocurrencies
fifth place: Estonian FTR influence: [? Because of the frequent changes in its policies, it is difficult to apply. The legal person will probably be spot checked and interviewed locally, and there are a lot of preliminary materials to prepare. However, if you break through many obstacles and get the Estonian license, you will feel that everything is worth it
sixth place: MAS in Singapore: influence: [, Many exchanges are deterred...
at present, the most popular countries to apply for digital currency license are the United States, Australia, Estonia and Malta. The price difference is not very big, but the comparison process is rather troublesome. The most famous one is the United States. The process is relatively simple and the price is not high, In terms of X price ratio, it can be ranked first