Why should digital currency apply for fund license
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.
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
ETF, fully known as "trading type open-end index fund", is a kind of open-end fund listed and traded on the exchange with variable fund shares. Investors can not only apply for or redeem fund shares from fund management companies, but also buy and sell ETF shares at the market price in the exchange. ETF is the bitcoin holder's consignment of bitcoin spot to the fund company, and then the fund company relies on it to publicly issue fund shares in the exchange and sell them to all kinds of investors. In addition, banks and brokers will be responsible for underwriting
in short, bitcoin ETF is to securitize bitcoin into an open-ended fund proct that can be bought on the exchange
the successful application of bitcoin ETF means that:
1. The successful application of bitcoin ETF will first lower the threshold of bitcoin transaction and bring a lot of money to the bitcoin trading market
2. It will accelerate the development of cryptocurrency instry and promote asset custody
3. ETF is equivalent to telling the public that bitcoin has been officially recognized as a legal asset class, changing people's overall view on the regulatory risk of cryptocurrency, which will accelerate the public's acceptance of cryptocurrency represented by bitcoin
the launch of any ETF proct will naturally stimulate its underlying proct market, because on the one hand, the underlying proct is most suitable for hedging ETF price fluctuations, and on the other hand, ETF purchase and redemption will inevitably involve buying and selling entity bitcoin. If the 15th application is passed, it will be a healthy development. In the next step, there will be more demand for derivatives, such as ETF options
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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.
The Maltese Government highly supports the blockchain instry. Coin an went abroad in 1994. At that time, there was no legislation in Malta. The Prime Minister of Malta met with the person in charge of coin an, and the blockchain instry moved in one after another. The Department responsible for digital currency licensing in Malta is MFSA
Malta, known as the paradise of blockchain and digital currency, has increasingly improved its policy on digital currency and exchange. In April 2018, the Maltese cabinet passed the virtual financial assets bill (VFA) and the Maltese digital innovation Authority Bill (mdia)
the VFA bill gives the Malta Financial Service Authority (MFSA) the necessary powers to supervise the exchanges, such as issuing instructions, adopting rules, obtaining information from the exchanges, and terminating the operation of ICO. The mDia Act establishes the "Maltese digital innovation authority" (mdia), which will be responsible for licensing and registration issues
in addition, the joint Co-ordination Board (JCB) of Malta will be responsible for the coordination work when the ties of mdia and traditional departments overlap. At the same time, as a member of the European Union, the establishment of an exchange in Malta may also need to meet the relevant provisions of the EU anti money laundering directive
What are the requirements for applying for Maltese digital currency license:
first of all, it must be a blockchain enterprise, which is composed of experienced blockchain practitioners. It needs to register a Maltese company and submit the company name and registrant information
1
2. Provide the name of Maltese company
3. Director information
4. Registered address (Maltese local address)
5. Apply for VAT number
6. Local secretary
the anonymity of cryptocurrency is a challenge to the supervision of various countries. However, Malta has always been friendly to cryptocurrency and investors. After the registration of Maltese companies, it can start to apply for Maltese 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