South Korea issued several virtual currency exchange licenses

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

First of all, Canada's MSB license and the United States' MSB license are similar in terms of supervision. There is no special 6165 difference between them.

1: the United States' MSB license is regulated by FinCEN (financial crime enforcement agency under the U.S. Department of the Treasury) and belongs to the registration license system. It is necessary to apply for the permission to engage in the business related to money service. This is similar to adding one item to China's instrial and commercial registration: capital service business

in fact, for digital currency projects, the licenses of the two countries are very good choices. Another important point is that the two licenses are one of the few class a licenses that can be applied offshore, which saves a lot of later maintenance costs. At present, there are many projects and exchanges that hold licenses from both countries. After all, compliance operation must be indispensable in the future. If the budget is sufficient, it is not good to have two licenses at the same time, After all, the exchange didn't say that there was only one license. All the international ones came to one

It is reported that zeniex will launch the virtual currency wallet download and other deposit services today, and the virtual currency trading and other trading services will start on the 13th. Due to the delay in opening a real name virtual account in South Korea, it will take the lead in launching the "virtual currency transaction service" with bitcoin (BTC) in a short time

e to the frequent occurrence of account security related accidents in the virtual currency trading market of South Korea recently, investors are very worried. Therefore, zeniex has developed a series of strict management plans from the beginning of membership certification

membership authentication needs four steps: email authentication, mobile phone authentication, OTP authentication and ID card authentication. At the same time, in order to be on guard, zeniex stipulates that investors must carry out dynamic password authentication when making money. If you want to increase the upper limit of payment, you need to carry out ID card authentication

it is reported that Chinese enterprises have participated in the technical work related to the cooperation between China and South Korea in building zeniex exchange to improve blockchain security

isn't virtual currency legal