Requirements and the process of obtaining a license for crypto exchanges
In recent years, cryptocurrencies have become an integral part of the financial world. Many people around the world invest in digital assets, use them to pay for goods and services, and trade on cryptocurrency exchanges. In this regard, there is an increasing need to regulate and license crypto exchanges in order to ensure the security and transparency of transactions.
Requirements for obtaining a license
In order to obtain a license to operate a crypto exchange, it is necessary to meet a number of requirements that vary depending on the jurisdiction. However, there are several general provisions that can be highlighted:
Company registration. The first step is to register a company in the chosen jurisdiction. The company must have a legal address, constituent documents and appointed directors.
Financial requirements. To obtain a license, you must provide proof of the financial viability of the company. This may include a minimum share capital, which varies depending on the country.
Compliance and audit. Crypto exchanges are required to comply...