Singapore digital money fund licence

1. Hello, I'm glad to answer this question
there are not too many digital currency licenses, but there are only 20 kinds of digital currency licenses issued by the state. Countries that issue digital currency licenses include Estonia, Australia, the United States, Japan, Thailand, Switzerland, Kazakhstan, Lithuania, Malaysia, Mongolia, Singapore, Philippines and Vietnam. What needs to be added is that Canada will issue real digital currency licenses in the next few months. How to choose the license issued by so many countries
there are not too many digital currency licenses, but there are only 20 kinds of digital currency licenses issued by the state. Countries that issue digital currency licenses include Estonia, Australia, the United States, Japan, Thailand, Switzerland, Kazakhstan, Lithuania, Malaysia, Mongolia, Singapore, Philippines and Vietnam. What needs to be added is that Canada will issue real digital currency licenses in the next few months. How to choose the license issued by so many countries
gold content type: Canadian MSB license, American MSB license, American MTL license, Australian austrac license, Estonian MTR license, Swiss FINMA license, Japanese jvcea license, Kazakh FSP license and Canadian MSB license which is about to add digital currency
each license is different from Cheng recognized by investors, The gold content and reputation of the license plate are important indicators. At the same time, different countries and even different licenses in the same country, such as the United States, have different application and maintenance costs. The above licenses are all high gold content ones. As for the Swiss license, the cost is not directly related to the gold content. For example, it needs to work and the labor is expensive. Moreover, it is not only a digital currency license, it is also a top foreign exchange license, so the cost can be imagined
recommended type: MSB license in the United States, MSB license in Canada and # 160; Australian austrac license is recommended because the price of these licenses is relatively low and they are well-known.
as for the conditions of various licenses, they are different, but the company is the main body to apply for the license. As for the qualification examination of the exchange, whether it needs actual office work and whether it needs margin depends on which license. If the platform is relatively strong, it is recommended to do more, or challenge the digital currency license issued by Switzerland and Japan< br /> 
gold content type: Canadian MSB license, American MSB license, American MTL license, Australian austrac license, Swiss FINMA license, Japanese jvcea license, Kazakhstan FSP license and Canadian MSB license about to add digital currency
each license is different from Cheng, which is recognized by investors, and the gold content and reputation of the license are important indicators. At the same time, different countries and even different licenses in the same country, such as the United States, have different application and maintenance costs. The above licenses are all high gold content ones. As for the Swiss license, the cost is not directly related to the gold content. For example, it needs to work and the labor is expensive. Moreover, it is not only a digital currency license, it is also a top foreign exchange license, so the cost can be imagined
recommended type: MSB license in the United States, MSB license in Canada and # 160; Australia austrac license
the reason for recommendation is that the price of these license plates is relatively low, which is one of the reasons. Second, both the United States and Australia are well-known. They are one of the world's major financial centers without much introction. However, Estonia is not stage fright, and even slightly more recognized in the instry. This is related to Estonia's national policy of developing digital currency
as for the conditions of various licenses, the company is the main body to apply for the license. As for the qualification examination of the exchange, whether it needs actual office work and whether it needs margin depends on which license. If the platform is relatively strong, it is recommended to do more, or challenge the digital currency license issued by Switzerland and Japan
ZhuoZhi consulting business scope:
US MSB license, Canada fintracmsb license, US NFA member license, US RIA license, Canada iiroc license, Estonian MTR, Australia austrac, UK FCA, Maltese regulatory license, Bahamas regulatory license, Mauritius regulatory license, Japan FSA financial regulatory, Hong Kong SFC financial regulatory, Singapore foundation Singapore MAS financial supervision, St. Vincent foreign exchange supervision, vfsc Vanuatu supervision, UAE FSRA license, Sepp road license, Belize IFSC license, New Zealand fspfma license, Australian ASIC license, Swiss FINMA license, Seychelles FSA license, Cayman regulatory CIMA license, Germany bafi license, Seychelles FSA license, Belize IFSC license, Malaysia lfsa license, Russia CBR license, Indonesia license, Ireland CBI license, Cambodia SECC license, Kazakhstan FSP license, Lithuania EMI license, Bahamas license, Belarus license, France BDF license, South Africa FSCA license and other global overseas regulatory licenses< br /> < br /> < br /> 

2.

The use of digital currency license: 1. Packaging platform, good publicity 2. Developing OTC legal currency business of exchange currency trading and contract futures 3. Platform compliance, risk aversion

the commonly used licenses are: MSB of the United States, Estonia (al license digital currency trading license and wallet license), MSB of Canada, Australia, caymann, Singapore, Malaysia, Saint Vincent Philippines, etc

the license of each country should be applied by the local company, or the company can be registered before applying for the license. It can also register with the Singapore foundation, and lawyers can issue legal opinions on the project white paper

3.

The following is the title of the main sorting out of the current project side and the exchange of things more license, for reference -

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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

5. Let's put it this way, in 2020, the monetary authority of Singapore will officially issue the relevant digital currency licenses
the first batch has not yet come down, and the previous trading platforms are allowed to reissue within the time cycle
but the pass rate is not 100%. Compared with other countries, the audit supervision is relatively strict
and the cycle is very long, and many platform entities have changed to other countries, For example, the United States, Estonia, Australia and so on

6. Hello, I'm glad to answer this question
there are many kinds of license plates;, Today, we will introce in detail which digital currency licenses we have won the most.
the license is equivalent to a business license. In particular, after Huoyuan won the Japanese license, the US license and the Canadian license successively, the license has been pushed to a new height. Obtaining the US MSB license also means that the company can reasonably conct business in most states of the United States. This is the reason why the major exchanges have started to apply for licenses. If they want to carry out business formally and legally, they have to apply for licenses. For the exchange, the license can not only increase the trust of customers and enhance their visibility, but also make the exchange develop better and faster in compliance< br /> <
first place: US MSB
influence:
compliance:
difficulty of application:
if you want to legally carry out digital currency business in the US, you must obtain US MSB license! 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:
compliance:
difficulty of application:
a complete Singapore compliance system is also the best choice for many project parties and exchanges
third place: Estonian MTR
influence:
compliance:
application difficulty:
Estonian is double license, digital currency license + Wallet license, so why is it ranked fourth? Because its policies change from time to time, it will be more difficult to apply at that time. The legal person will probably be spot checked and interviewed in the local area, and there are a lot of preliminary materials to be prepared. However, if you break through many obstacles and finally get the Estonian license, you will feel that everything is worth it
fourth place: MAS in Singapore
influence:
compliance:
difficulty of application:
there is no doubt that MAS license in Singapore is one of the most valuable licenses at present, but its application threshold is high and the licensing time is very long, It makes many exchanges flinch...
fifth place: austrac of Australia
influence:
compliance:
difficulty of application:
austrac has been on the sidelines because of the difficulty of application and high cost. Recently, Australia's license application policy will be relaxed. More exchanges will choose Australia's digital currency license, and the ranking will graally rise
Introction to MSB in the United States
Introction to MTR in Estonia
Introction to Singapore foundation
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7. Now many banks (including Bank of China) have windows to exchange foreign currency notes

8. The foundation is a non-profit public guarantee company, which is different from the private limited company. The issuing of blockchain digital currency is illegal in our country. In order to make the project more legal, we all handle overseas Foundations. The nature of the foundation is a public guarantee institution, and the risk is very low. In addition, if we need to connect with the exchange, we can also handle legal documents, The prerequisite for legal documents is the Singapore foundation, so the Singapore foundation is very important

9. Many exchanges want to apply for digital currency license, but they don't know how to choose. Some will refer to the license applied by their peers, and some will query and consider it on the Internet. Today, I'll give you a large collection for your reference and choose the suitable license application

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

10.

The monetary authority of Singapore (MAS) is the Central Bank of Singapore and is also a comprehensive regulator. The license issued by the monetary authority of Singapore is called CMS

type of MAS regulatory license in Singapore:

it has three types of license, namely "currency exchange" license“ "Standard payment" license and "large payment institution" license

3. "Currency exchange" license:

the currency exchange license is used to exchange currency services. The scope of supervision of the license is small, and the business involved is small in scale and low in risk

4. "Standard payment institution" license:

the license has restrictions on the amount of payment / transfer in the instries of account opening, domestic and foreign transfer, commercial procurement, electronic payment and currency exchange, that is, the average annual amount of monthly business is less than or equal to 3 million SGD / or the average annual amount of monthly business is less than or equal to 6 million SGD

5. "Large payment institution" license:

the amount of business involved exceeds the instries listed in the "standard payment" license, and the license approval is relatively strict