Conditions for opening a virtual currency exchange

1. Step 1: build a digital token system
this is very simple. The code of bitcoin is public, and it is a kind of counterfeit currency after a simple change; Ethereum's technology is open source. You can find a program to issue a coin on Ethereum's public chain. Now most of the counterfeit coins are on the public chain of Ethereum, and the distribution of tokens is also directly in Ethereum's wallet, which is very convenient
Step 2: find someone to endorse
if the project can be implemented, it is possible to find a real influential tycoon, and by the way, it can also get an angel round to do marketing. If the project is air money, it may be a grassroots tycoon. In any case, now that the coin circle is just emerging, many "tycoons" are actually grassroots. If you can't, you can send candy directly by virus marketing
Step 3: prepare a white paper
this has to be written on the top. For high-quality coin, vision, code, planning, team and so on need to be well written, which takes a lot of time. But for air coin, it's OK to find a professional agent directly, and it can be written in one day
Step 4: promote marketing
find all kinds of coin circle media to advertise, or get a virus activity to invite candy delivery, so as to brush up the popularity
Step 5: love Western Europe
with a certain degree of popularity, you will begin to love Western Europe directly. Good projects are very simple, and they are often looted in a small scale. It doesn't matter if the air currency can't attract people. It's easy to find the agent investment channel to help you package the project
Step 6: contact the exchange
generally, they try their best to go to a well-known exchange. If there is no angel round, you can only take the money from aisio. It's not good. It's OK to go to an easy exchange
Step 7: public offering
once you are on the stock exchange, you will have enough confidence to speak. At this time, we can continue another wave of public offering. Anyway, what we give out are tokens, which can also attract more attention from the market
Step 8: go online
once the funds are sufficient and the quality of the project is good, there will be more mainstream exchanges. Once the mainstream exchange is finished, this is a reliable project
at present, ICO in our country has been banned, so we can only conct private placement.

2. Wenwangwen, also known as network culture business license, is a necessary qualification for operating Internet cultural procts. First of all, virtual currency is a proct of network culture, and it must handle the document and network document. Secondly, virtual currency is a relatively special business project, and the business scope of the network should include the issuance or transaction of virtual currency. If there have been articles on the Internet before, but there is no transaction or issue of virtual currency, then this article needs to be added to the business scope, that is, to make a change. It should be noted that in the issuance or transaction of virtual currency, the company can only operate one of them, that is, the issuance or transaction of virtual currency, not both< (1) application form
(2) application form for the establishment of Internet cultural units
(3) Notice of pre approval of enterprise name or business license and articles of Association< (4) source of funds, amount and credit documents (such as capital verification report, of business license of enterprise legal person of capital verification institution, etc.)< (5) of ID card and resume of the legal representative and principal person in charge< (6) qualification certificates and identity documents of main business management personnel and professional and technical personnel (e.g. copies of academic certificate, professional qualification certificate and identity card)
(7) the certificate of the right to use the workplace (the of the house lease contract and the property right certificate of the lessor shall be submitted if the office space is leased, and the of the house property certificate shall be provided for the self owned place)
(8) business development report (provided in the format of Annex 2)< (9) other documents required to be submitted according to law.

3. There are no more than three kinds of profit and loss: profit, loss and balance. In all three cases, the user's transaction fee can be charged
assume that the current BTC price is 4000 and the handling charge is one thousandth. The first-hand transaction fee is $4. In the case of profit and balance, it is profitable for the exchange. In two-thirds of cases, it is profitable, and there is a mechanism of position explosion. So you make money anyway. If you want to open an exchange, please contact me

4. Not all virtual currencies can be traded on the Internet. Fire coin network is a mainstream bitcoin, lightcoin trading platform in China. Only bitcoin and lightcoin transactions are supported, and no other currencies are available
if you want to trade other counterfeit currencies, you can choose the mainstream counterfeit currency trading platform. There are many currencies that support trading, such as jucoin, Xigu, bitage and so on.

5. First of all, we should be careful to keep a clear mind, and then we should pay attention to all kinds of problems all the time. However, the most important thing is that the platform must be highly transparent, and formal platform is better than anything

6. It is not allowed in China. Let me take Singapore as an example. It is also the common choice of instry leaders. At present, it is one of the most suitable countries for blockchain projects under comprehensive conditions
first of all, there must be a subject of the project - the Singapore public non-profit foundation (note that it can be compliant), including the white paper and relevant legal opinions, which are written around this subject
I don't need to say more about the white paper. Your own affairs should be clearer than mine
let me tell you in detail about the legal opinions. It is not a single lawyer's document. Taking the blockchain project as an example, if you want to comply with ICO and issue it on the exchange, you need the following types of legal opinions:
1.
legal opinions of token non securities nature certificate issued by legal opinion in accordance with Singapore regulatory regulations. In this way, the relevant securities laws and regulations, etc., will not interfere with you<
2.
2. The white paper legal compliance lawyer's opinion proves that the project is legal and compliant and does not touch or violate any existing Singapore regulatory regulations. This item is written according to your white paper, and the complexity is also determined by your white paper. Even if the lawyer thinks that it is necessary, some modifications will be made
3. The private placement terms issued by PURCHASEAGREEMENT in accordance with Singapore regulations for the project to raise funds by issuing tokens
4. Singapore law sponsored terms.conditions for public issues token public offering terms, website publicity and disclaimer in accordance with Singapore regulatory regulations
I don't need to explain the last two items. Private placement and public offering depend on your personal situation. With the relevant legal opinions, it will be more convincing to your investors. Everything you do is legal and compliant. In addition, after reporting, we are not afraid of MAS to check you. Of course, the most important point is that we can go to the mainstream exchanges
among them, the packaging and promotion of tokens, and the exchanges you go to, are the places that reflect the strength of your currency. The fees for necessary documents mentioned above are not worth mentioning.

7. The conditions for handling virtual currency transactions should be as follows:
1. Enterprises are not allowed to operate both virtual currency transactions and virtual currency issuance businesses at the same time
2. The conditions for handling virtual currency transactions should meet the relevant conditions for establishing operational Internet cultural units
3. The transaction conditions of virtual currency should meet the relevant conditions for the establishment of operating Internet cultural units, and the relevant provisions of the competent department of Commerce on e-commerce (platform) services.

8. At present, Estonia, the United States, Australia and Canada are more popular places to apply for licenses. There are some differences in the application time, process and fees in each place. Let me take Estonia as an example. Estonian licenses are divided into digital currency transaction licenses and digital wallet licenses, and the application time is 2-3 months. If you want to apply for a fast time, the U.S. license is relatively fast, basically 4-6 weeks under the license
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

9. You can apply for your own currency. If you meet the conditions, you can log in to the official website for details
you can leave a message or ask for legal opinions such as token non securities nature certificate.
I will give you a detailed answer to ensure that it meets the requirements of the exchange