Crypto license in Europe

Getting a crypto license is a mandatory procedure if you want to legally conduct business in the field of cryptocurrencies.  A cryptocurrency license is a permit issued by the government of the country in which you plan to start a cryptocurrency business to provide appropriate cryptocurrency-related services. However, it is important to bear in mind that you will be able to obtain a cryptocurrency license only in those states where the legislative level regulates the procedure and rules for conducting this kind of activity.

Choosing the country to register a crypto company

Before choosing which country to register a crypto exchange, you should take into account that the regulatory regime in the cryptocurrency industry, differs depending on the jurisdiction in some countries, cryptocurrency transactions are expressly prohibited by law, in other such activities there are limitations. But there are also cryptocurrency-friendly countries whose governments have developed or are developing a legislative framework focused on the regulation of cryptocurrencies.

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The key point of crypto license in Europe

Registering a crypto license in Europe and obtaining a license for crypto exchange requires strict compliance with the requirements of the legislation. Licensed enterprises are obliged to comply with the established AML rules and notify regulatory authorities of suspicious transactions.

Personal Taxes

Business Taxes

Crypto

Regulation of crypto activities in Europe

The following activities are considered financial services that require authorization receipt of deposits, consumer lending, payment and electronic money, conclusion of transactions, investment services, Registration of a crypto exchanger in Lithuania, provision of services related to the issue of securities, Management of investment funds, storage, accounting and management of financial instruments, crowdfunding, peer-to-peer lending services.

AML Requirements

· сustomer identification and verification;
· monitoring and suspension of transactions;
· reporting to the competent authorities;
· providing information on a separate request, etc.

It should also be noted that the regulator has stated its position on virtual currencies and ICOs in Europe. If the proposed crypto-assets have the characteristics of securities, an issue prospectus must be drawn up and approved by the regulatory body, and transactions with such assets must comply with other requirements of the Securities Act.

Obtaining a cryptocurrency license in Europe

Licensing is controlled by the Financial Crime Investigation Service of Lithuania (FCIS). You can obtain a crypto license in Europe as virtual currency exchange service provider (Virtual currency exchange operator. The permit covers exchange services for cryptocurrency and cryptocurrency cryptocurrency. Such registration of an activity license allows you to register a crypto exchanger in Europe and manage such enterprise in a regulated manner. Crypto Wallet Service Provider (Operator of deposit virtual currency funds). The crypto wallet provider’s license in Europe covers services that generate keys for clients that can be used to store and transfer cryptocurrencies.