Singapore virtual currency trading license
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
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
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
&< br />
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
after bitcoin, Leyte coin, doggy coin and other encrypted digital currencies were introced into China, they quickly became popular in China, but then the MLM coins became more and more rampant, which seriously hindered the development of domestic economy. But it has its positive side. For example, the token of crowdfunding project on European crowdfunding platform exists as an asset voucher, which is a good application scenario.
Hello, I'm glad to answer your question
one of the conditions for applying for MAS license in Singapore is to apply for an ordinary company in Singapore
specific information of applying for Singapore company:
1: information of directors, 2 are recommended
2: Company Name: * * Pte.Ltd end
10-15 working days or so, The company has applied for and completed
the following is a long process of license application. Our company will handle all the relevant matters and consult Xiaobian to understand ~
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