FinTech
Cryptocompanies To Meet the New AML Rules in the UK
Since the beginning of the current year, the UK's AML / CTF regulations have been in effect, in other words, the MLR Amendment. When planning to set up a crypto company in the
Bank Regulation in Hungary
Regulation of banks in Hungary envisages:
state control;
ensuring monetary & fiscal stability;
compliance with requirements for risk & capital management;
Regulation of Financial Institutions in Canada
Pursuant to Canadian legislation, financial institutions are required to put in place policies that are best suited to their activities. In its turn, the OSFI, the country’s number one financial regulator, ensures effective
Regulation of Cryptocurrencies in Cyprus
The Cypriotic government is currently looking into the possibility of including smart contracts in their future strategy. It’s projected that the strategy will be focusing on regulation of blockchain technology & smart contracts
Digital Currencies Regulation in Great Britain
If you’re planning to register a crypto company in Great Britain , you should keep in mind that not all types of virtual currencies are regulated there. So, let’s take a closer
Regulation of Cryptoassets in the EU
Cryptocurrencies are increasingly being targeted by financial regulators in the EU & Great Britain. Hence, if you’re planning to register a crypto company in the EU (or already have one), the recent changes
Cryptocurrency Regulation in Ireland
Charged with regulating financial services in the Republic of Ireland, the CBI doesn’t have any specific guidelines regarding digital currencies’ status. There’s no government agency charged or department responsible for overseeing the cryptocurrency
Regulation of Cryptocurrencies in Hong Kong
Nowadays, owners of startups & established companies are increasingly looking for ways to boost revenues, improve profitability & reduce costs. So, how can they do that? One of the possible solutions is to
Fintech & Crypto Business Regulation in Japan
If you intend to register a fintech company in Japan, you should remember that it’ll be deemed a financial instruments business operator & required to register. As regards the establishment of an AIF
Banking Regulation in South Africa
The basis for banking regulation in the SAR is the "Safer Financial Sector to Better Serve South Africa" document issued by the National Treasury. SARB, one of the country’s main financial regulators, is
Сryptocurrency Regulation in Luxembourg
In an attempt to live up to its reputation as a major fintech hub, Luxembourg has recently passed a law whereby it’s now possible to transfer & hold virtual assets through DLT in
Austria: Cryptocurrencies
Trading in cryptocurrencies in Austria requires having familiarity with the country’s tax & licensing regulations. What follows below is a brief review of the main requirements entrepreneurs wishing to register a cryptocurrency company in Austria...
AML Compliance of Crypto Companies in the Netherlands
Last year, the Dutch House of Representatives passed the Fifth Anti-Money Laundering Directive (AMLD5). In accordance with this directive, some crypto service providers in the Netherlands are required to comply with their anti-money laundering (“Wwft”)...
Crypto Company Registration in Austria
Digital currencies have been recently included in the AML/CFT system of the European Union. For those entrepreneurs planning to register a crypto business in Austria or already having one, this means
Marketing of Cryptoassets in Switzerland
All types of activities associated with cryptoassets in Switzerland can exist on their own, but their effective existence requires the participation of agents for the transfer of cryptoassets and auxiliary operations, in particular,
Ambiguous Situation With Cryptoassets Regulation in India
In today's blog post, we will look at the legal requirements for trading cryptoassets in India , which will be relevant for those intending to register an Indian crypto exchange.
Fintech in the US and nuances of Certification, AI & Cryptoassets
Registering an international fintech startup requires an understanding of the legal nuances of the jurisdiction a fintech company will be operating in. If you’re planning on registering a fintech company
Fintech and Crypto-Business in the Czech Republic
The fintech industry in the Czech Republic continues to develop actively. The number of fintech startups is increasing, large fintech companies are entering the local market, and even banks have already begun to
Can Cryptocurrency Qualify as Property?
One of the main questions for those who intend to register a cryptocurrency company in the EU or US is the legal status of cryptocurrencies. To help them figure it out, we’ve decided to analyze...
Legal Aspects of Crypto Regulation in Austria
This blog post provides a brief overview of the Austrian crypto regulatory landscape that may be useful to entrepreneurs already in the market or planning to open a crypto company in Austria. Today, financial officials...
Financial Risk Management in Singapore
If you are planning to establish a financial services company in Singapore , then it is worth considering that the standards for conducting this kind of activity are at the highest level
How to Avoid the Risks Associated with Cryptocurrencies
If you have plans to obtain a cryptolicense in the EU or set up a company for cryptoactivities in the EU Member State in the near future, then this blog post
Digital Asset Ownership
In this short piece, we’ll be focusing mostly on ownership of digital assets. Given the problems faced by owners of digital assets nowadays, analysing the pros & cons of different organizational & legal
STO Legal Aspects
The evolution of digital assets began ten years ago with the advent of the Bitcoin cryptocurrency. It was followed by stablecoins - a cryptocurrency that was backed by real assets - and security
Legal Status of Cryptocurrencies in Germany
At the outset, tokens came closest to everybody’s idea of virtual currency. Meant to be a decentralized currency, i.e. one that governments can’t control, they required no centralized issuer. Because they aren’t regulated
Cryptocurrencies & Their Regulation in Hong Kong
Because the number of investors interested in obtaining a license for cryptocurrency activities in HK is constantly growing, regulators are trying to make their job easier by publishing recommendations on the
Can Cryptocurrencies Be Actually Stolen?
According to a recent study, losses resulting from the theft, fraud & misappropriation of cryptocurrencies doubled in the first quarter of 2019, totalling nearly $1.2 billion. Hence, the questions on everybody’s lips are,
Next Generation Securities in the USA
Each country has certain regulating bodies that monitor the financial market and protect its citizens. If registering a company for ICO in the United States is in your immediate plans, then
VFA Regulation in Malta
This short review focuses on the letter published by the MFSA, Malta’s number one financial regulator, a couple of months ago. In it, it explains the main provisions of the VFA Law &
What is Bitcoin? (part 2)
If an entrepreneur is determined to obtain a cryptocurrency exchange license , they should keep in mind that the Bitcoin protocol is being constantly updated. If an individual user follows the same
ICO in Singapore
ICO is a type of fundraising that relies heavily on DLT technology. Unlike IPO which involves issuing shares in exchange for fiat currencies, ICO relies on the issuance of tokens which are then
Cryptocurrency Market in Japan
Having the most advanced regulatory regime for cryptoassets, Japan is trying to promote investment in cryptocurrencies by creating incentives for entrepreneurs seeking to obtain an ICO license in Japan .
Being
Top 5 Countries to Start a Cryptoasset Business In
In this article, we’ll be taking a brief look at 5 European countries that provide the most attractive opportunities in terms of cryptocurrency investing. If you’re a crypto investor seeking to launch
Legal Issues of fintech companies in the US
If you are planning to register a fintech company in the USA, then this material will be of interest to you, because you will learn the main legal nuances of this activity. However,
FinTech Regulation in Belgium
Registering a FinTech company in Belgium is a quite popular practice among foreign & domestic entrepreneurs. If you’re planning on opening a business in this country or require an individual consultation
Fintech Regulation in the Czech Republic
This article describes the main provisions of fintech regulation in the Czech Republic , which will be useful for businessmen interested in registering a fintech company in the Czech Republic
Who Needs ICO and Why?
Statistically speaking, investments in tokens increased by 1300% in 2015-2016, and by 6600% in 2016-2017. No other industry has experienced such rapid growth. And the reasons for that are pretty easy to see:
The Basel Committee on Banking Supervision made public a protocol on open banking
If you are interested in registering a FinTech company in Europe, in this article we offer you to get acquainted with the main aspects of data protection.
Lately, the Basel Committee
Confidentiality Issues in the Fintech Industry
Two years have passed since the entry into force of the General Data Protection Regulation (GDPR), which has provoked unrest, misunderstandings and disinformation flows not only in the European Union but also around the world....
Green light to open banking in Australia
This material is recommended for those who plan to register a company in Australia.
Recently, the problems of "data slavery" in the financial sector and the creation of closed ecosystems by large
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