Strategic Legal Services for Obtaining Crypto License in Asia
Obtain a cryptocurrency license in Asia and start growing your business in a flourishing environment. Discover our turnkey solutions to start a crypto company in Asia.
Legal experts in designing solutions for crypto licensing worldwide.
Certified ACAMS consultant with 5+ years experience in compliance and FinTech regulations.
Crypto License in Asia - Key Information to Know
It is important to research the regulatory environment in Asia first. Before you even begin thinking about starting the process of obtaining a Virtual Asset Service Provider (VASP) license. Navigating the intricacies of VASP licensing requires painstaking attention to detail. From compliance standards to operational issues and ongoing demands, there’s a lot to keep in mind. Learn everything you need to know initially with the help of this comprehensive write-up. This text can be a great starting point for firms that want to figure out if Asia is the right pick. Remember that for more personalized help, you can book a free call with us.
The process to get a crypto license in Asia
Different important Asian countries, such as Singapore, Hong Kong, and Thailand, have different requirements. An Anti-Money Laundering and Counter-Terrorist Financing Ordinance (AMLO) license, also known as a Virtual Asset Trading Platform (VATP) license, is available in Hong Kong. This permit, which is all the rage right now, requires setting up shop in Hong Kong. It is notoriously difficult to apply for, but many of our past clients can already vouch for a Hong Kong crypto license. It’s more suitable for cryptocurrency companies looking for prestige.
In contrast, Singapore’s payment institution license is flexible enough to accommodate a myriad of business models, not limited to cryptocurrency. Singapore has a favorable regulatory environment, making it a popular choice for fintech businesses. Those looking for regulatory clarity and flexibility usually make this permit their priority option.
Finally, the last popular option. Digital Asset Business Operator (DABO) licenses are required in Thailand and are overseen by the Securities and Exchange Commission (SEC). Companies that place a premium on regulatory adherence and trustworthiness may find this jurisdiction’s strict compliance standards to their liking.
Where to register a crypto company in Asia
The project’s nature, available funding, and the citizenship status of those involved are just a few of the variables that should be considered while selecting an appropriate Asian license. Different sorts of cryptocurrency enterprises can be catered to by the distinct benefits and requirements of each country. If you want to know what you can do with each kind of crypto license, be it a crypto license in Hong Kong, or something entirely different – check out our instructional sections. Among the topics covered there, there’s token sale, issuance, and beyond.
Our materials will assist you in understanding the intricacies of Asian crypto licensing and regulations. Whether you’re involved in digital asset enterprises, payment solutions, or trading platforms, you’ll be able to pick the best choice for your project’s success with some level of certainty. Of course, the best-case scenario is if you book a call. By finding out what your project’s financial goals and strengths are, we can help you choose a potentially very lucrative jurisdiction.
Operating a crypto licensed company in Asia remotely
Typically, in order to legally operate a cryptocurrency business remotely in Asia, one must have some kind of presence inside the region.
Although there are a few ways around it, the majority of Asian licenses do need some level of local participation to ensure compliance. The strong foundations and high levels of recognition that come with these licenses make them important assets for crypto enterprises. If an entrepreneur wants to run their business remotely, they should be prepared to spend a little more. Hiring locals and setting up shop in the jurisdiction are just a few points where you might need to “overspend.”
Of course, it’s all worth it in the end. Permits like, for instance, a crypto mining license in Asia boost your company’s standing. Compliance with all applicable regulations is also a big selling point. Remember that LegalBison continually provides guidance and support to navigate the complexities of remote operations. Our services have already helped entrepreneurs establish and maintain compliant and successful crypto ventures all across Asia.
What does getting a crypto license in Asia allows me to do?
The precise sort of crypto license granted determines the range of economic operations that may be carried out. Here are a few examples of business types:
- Crypto trading platform operation;
- Cryptocurrency exchange services;
- Digital asset custody and management;
- Token issuance and crowdfunding;
- Payment processing and remittance services;
- Crypto investment advisory and portfolio management;
- Development and deployment of trading bots for automated trading strategies;
- Blockchain-based asset tokenization and issuance.
Based on the jurisdiction and license type, various regulatory approvals and compliance procedures may be necessary for carrying out each of the above-mentioned operations. Note that even something as clear-cut as an Asia license for crypto exchange can involve challenging processes.
Popular jurisdictions in Asia to get a crypto license
VASP License in Georgia
Georgia isn’t the first jurisdiction one may think about when it comes to Asia. Located in northeastern Asia, Georgia has made significant efforts during the past years to develop itself in the industries of tourism, wine and agriculture, and financial services. The crypto license in Georgia has then become a convenient and effective way to provide virtual asset services in Asia and all around the world.
Crypto companies operating from Georgia will benefit from a low-tax, business-friendly environment, and straightforward requirements and obligations to conduct their operations. LegalBison is actively assisting startups in obtaining a crypto license in Georgia so if you are looking for a legal partner with experience in this particular country, we are already here.
Note: Georgia also has a free zone with its own offshore crypto license: the Georgia FIZ license.
Crypto License in Labuan
Labuan is a little hub of crypto innovation located on an island in Malaysia. It has lighter regulatory requirements and an ever-growing crypto framework that is determined to reach its final state by 2025. What’s remarkable is that over 60 companies have already secured the crypto license in Labuan due to its linen requirements, low income tax, and no capital gains or dividend taxes.
Perhaps, Labuan can be the perfect choice of an Asian crypto license for your business? Book a free primary consultation with LegalBison and we will design the best solution that corresponds to your project needs.
VARA Crypto License in Dubai
When it comes to the most reputed and popular crypto licenses, it is common sense to think about one of the epicenters of business and finance, that is Dubai. The Virtual Assets Regulatory Authority has been created in Dubai to regulate crypto companies and provide them with a dedicated body to work with. Out of simplicity, we often hear about the Dubai VARA license.
LegalBison recommends major projects or startups having the prospect of receiving considerable funding to consider the VARA license in Dubai. Our consultants can provide you with the necessary guidance to prepare the legal compliance of your project properly.
Crypto License in Malaysia
The Digital Asset Exchange Operator license in Malaysia has been overseen by the local Securities Commission of Malaysia since 2019. What’s remarkable is that digital assets have been considered to be securities since the Capital Markets and Services Order of 2019 on Prescription of Securities & Digital Currency and Digital Token voting. This is just a drop in the ocean when it comes to the factors that complicate the obtainment process for the crypto license in Malaysia.
White the fit and proper checks are notoriously difficult, Malaysia also has a comparatively light compliance framework, which makes it a double-edged sword when it comes to Asian crypto licenses. For more information about this type of license, consider booking a primary free consultation with us.
Crypto License in Thailand
The crypto license in Thailand is unsurprisingly a very popular choice of regulatory framework for many entrepreneurs. Thailand is world-famous for its business-friendly culture and for attracting many entrepreneurs and companies, thanks both to a scenic environment and attractive incentives for individuals and companies.
It is important to state that the VASP license in Thailand is a hefty framework, with important requirements, that will most like suit established projects looking to form an Asia base with a strong and recognized regulatory basis for their crypto activities.
Crypto License in Taiwan
The island of Taiwan, through its Financial Supervisory Commission, has issued a VASP licensing framework that has already been granted to many local startups and a couple of major companies. Introduced by the end of 2023, the Taiwan crypto license is an interesting framework for companies willing to start from scratch or implement an Asian antenna in a very economically dynamic jurisdiction.
Reach out to our consultants for more information about the requirements, costs, and process to inquire how to register crypto company in Taiwan.
Crypto License in Hong Kong
The Hong Kong crypto license has been a reference for blockchain businesses in Asia, even before it was officially entered into force. The Virtual Assets Trading Platform framework was issued in 2023 and immediately attracted attention from the whole cryptocurrency industry. For good reason: Hong Kong is a powerhouse for business and especially for FinTech and financial services in general.
The VATP license in Hong Kong is a guarantee that your crypto business will gather a high level of trust among your partners, potential investors, and community. This is one of few such licenses that can really push a crypto startup onto a new level.
- Georgia
- Labuan
- Dubai
- Malaysia
- Thailand
- Taiwan
- Hong Kong
VASP License in Georgia
Georgia isn’t the first jurisdiction one may think about when it comes to Asia. Located in northeastern Asia, Georgia has made significant efforts during the past years to develop itself in the industries of tourism, wine and agriculture, and financial services. The crypto license in Georgia has then become a convenient and effective way to provide virtual asset services in Asia and all around the world.
Crypto companies operating from Georgia will benefit from a low-tax, business-friendly environment, and straightforward requirements and obligations to conduct their operations. LegalBison is actively assisting startups in obtaining a crypto license in Georgia so if you are looking for a legal partner with experience in this particular country, we are already here.
Note: Georgia also has a free zone with its own offshore crypto license: the Georgia FIZ license.
Crypto License in Labuan
Labuan is a little hub of crypto innovation located on an island in Malaysia. It has lighter regulatory requirements and an ever-growing crypto framework that is determined to reach its final state by 2025. What’s remarkable is that over 60 companies have already secured the crypto license in Labuan due to its linen requirements, low income tax, and no capital gains or dividend taxes.
Perhaps, Labuan can be the perfect choice of an Asian crypto license for your business? Book a free primary consultation with LegalBison and we will design the best solution that corresponds to your project needs.
VARA Crypto License in Dubai
When it comes to the most reputed and popular crypto licenses, it is common sense to think about one of the epicenters of business and finance, that is Dubai. The Virtual Assets Regulatory Authority has been created in Dubai to regulate crypto companies and provide them with a dedicated body to work with. Out of simplicity, we often hear about the Dubai VARA license.
LegalBison recommends major projects or startups having the prospect of receiving considerable funding to consider the VARA license in Dubai. Our consultants can provide you with the necessary guidance to prepare the legal compliance of your project properly.
Crypto License in Malaysia
The Digital Asset Exchange Operator license in Malaysia has been overseen by the local Securities Commission of Malaysia since 2019. What’s remarkable is that digital assets have been considered to be securities since the Capital Markets and Services Order of 2019 on Prescription of Securities & Digital Currency and Digital Token voting. This is just a drop in the ocean when it comes to the factors that complicate the obtainment process for the crypto license in Malaysia.
White the fit and proper checks are notoriously difficult, Malaysia also has a comparatively light compliance framework, which makes it a double-edged sword when it comes to Asian crypto licenses. For more information about this type of license, consider booking a primary free consultation with us.
Crypto License in Thailand
The crypto license in Thailand is unsurprisingly a very popular choice of regulatory framework for many entrepreneurs. Thailand is world-famous for its business-friendly culture and for attracting many entrepreneurs and companies, thanks both to a scenic environment and attractive incentives for individuals and companies.
It is important to state that the VASP license in Thailand is a hefty framework, with important requirements, that will most like suit established projects looking to form an Asia base with a strong and recognized regulatory basis for their crypto activities.
Crypto License in Taiwan
The island of Taiwan, through its Financial Supervisory Commission, has issued a VASP licensing framework that has already been granted to many local startups and a couple of major companies. Introduced by the end of 2023, the Taiwan crypto license is an interesting framework for companies willing to start from scratch or implement an Asian antenna in a very economically dynamic jurisdiction.
Reach out to our consultants for more information about the requirements, costs, and process to inquire how to register crypto company in Taiwan.
Crypto License in Hong Kong
The Hong Kong crypto license has been a reference for blockchain businesses in Asia, even before it was officially entered into force. The Virtual Assets Trading Platform framework was issued in 2023 and immediately attracted attention from the whole cryptocurrency industry. For good reason: Hong Kong is a powerhouse for business and especially for FinTech and financial services in general.
The VATP license in Hong Kong is a guarantee that your crypto business will gather a high level of trust among your partners, potential investors, and community. This is one of few such licenses that can really push a crypto startup onto a new level.
Our selection of the best Asian crypto licenses in 2025
Curated by our legal team, these are the most popular jurisdictions for starting or expanding a cryptocurrency business in Asia.
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Fastest crypto license in Asia
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Free Zone setup with no taxes
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Very simple requirements
Crypto License in Labuan
on request-
Reliable offshore jurisdiction
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Asian crypto license
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Low corporate tax
Crypto License in Georgia
on request-
Fast crypto licensing
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Simple framework
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Free Zone advantages
Crypto License in Kyrgyzstan
on request-
Straightforward regulation
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Low local requirements
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Fast VASP set-up
Crypto License in Dubai VARA
on request-
One of the best reputed license
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High range of crypto activities
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Dedicated regulator
Crypto License in Thailand
on request-
Proven framework
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Clear process
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Rising economy
Your ready-made Asian crypto company
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Promising projects and how LegalBison assisted
The team of LegalBison was very helpful and fast in supporting my company’s structural set up. They are undoubtedly top-level experts when it comes to licensing and registrations in the crypto and web3 industry. Highly recommend!
I highly recommend Legal Bison to any entrepreneur or business seeking top-notch services for their company formation. Their commitment to excellence and customer satisfaction is truly commendable.
Very proactive, responsive, and able to provide solutions and advice. The firm is familiar with the new industry of blockchain and cryptocurrency
Advantages of a Crypto License in Asia
Asia is a promising center for cryptocurrency operations. According to Statista, the industry is expected to reach $8.2 billion by this year’s end and increase at a pace of 7.68% per year until 2028. With an anticipated 529.40 million users by 2028 and a high average income per user of $18.8, the area is clearly showing intense potential.
Capitalizing on its exponential development and maximizing income prospects for enterprises, LegalBison offers personalized solutions. Read on to learn about the specific upsides that could boost your profitability after you get your crypto license in Asia.
- Reputation
- Ecosystem
- Business
- Banking
Very Reputable Frameworks
Asia offers prestigious frameworks designed for strong cryptocurrency enterprises. They do come at a higher price, however. These standards-based frameworks aim to build credibility and confidence in the cryptocurrency business. Companies that have been formed within these frameworks are often seen as strong contenders in the market. They frequently become known for their dependability and compliance.
The effectiveness of these jurisdictions in establishing credibility and confidence for crypto ventures in Asia is acknowledged by LegalBison. With its extensive knowledge and 10+ years of experience, LegalBison guides customers through the complexities of these frameworks. Our aim is to help you build solid companies that stand out. Even in the fiercely competitive Asian crypto market.
Dynamic IT & Fintech Ecosystems
Crypto, IT, and fintech are all booming sectors in Asia. There is undeniable economic growth in these sectors across the continent. Prompted by thriving license holders in these industries, Asia's ecosystems in these fields are seeing unparalleled expansion. The continent presents an ideal environment for investment and innovation later down the line too. With digital assets predicted to reach a staggering $12.15 billion in AUM by 2024 and digital payments forecast to skyrocket to 2,961 million users by 2028, the potential, once again, is obvious. There will likely be a meteoric rise to $304.70 billion in revenue for the IT services industry by 2024, driven mostly by IT outsourcing. In short, many opportunities await.
With a deep understanding of Asia's thriving IT and fintech industries, LegalBison offers customized solutions to help budding crypto companies survive in these dynamic environments. By using LegalBison's knowledge, businesses may take advantage of the region's rapid development. Secure a solid position in rapidly expanding sectors as we help you devise a plan for how to get crypto license in Asia.
Business-Friendly Jurisdictions
The business climates and incentives of places like Japan, South Korea, Labuan, Singapore, Hong Kong, and Malaysia are well-known. They can be beyond conducive to entrepreneurship. These nations entice a variety of firms, including crypto companies.
Thanks to their favorable legislative frameworks, strong infrastructure, advantageous geographical positions, and plenty of other benefits. Within these dynamic jurisdictions, entrepreneurs may take advantage of simplified procedures, easy access to funding, and almost limitless expansion prospects. LegalBison helps businesses navigate the challenging process of starting and managing crypto operations in Asia by recognizing the benefits of these business-friendly nations, using its expertise. With LegalBison as their reliable partner, entrepreneurs may take advantage of these countries' prospects and set themselves up for success in the worldwide market.
Banking Solutions in Asia for Crypto Companies
The majority of Asian countries that give cryptocurrency licenses also make it easy for businesses to open bank accounts there. Licensed firms gain reputation and smooth financial operations as a result. Crypto enterprises may find a variety of banking options that suit their requirements in several financial centers across the continent. From Malaysia and Thailand to Singapore and Hong Kong.
Among the many features offered by these banking systems, there’s the ability to convert fiat currency to cryptocurrency, facilitate international transactions, and assist with regulatory compliance. With our help, customers are able to create accounts with trustworthy financial institutions. Navigating the complex Asian banking rules may really be tough. If successful, crypto enterprises can build strong banking solutions to fuel their development and take advantage of the many possibilities in Asia's booming crypto sector.
Your Asian crypto business starts here
Request a free consultation with our dedicated team of specialists with expertise on crypto licenses in Asia and get started today!
About Crypto Licenses in Asia
It is subjective and project-specific. Objectively determining which Asian nation is the most crypto-friendly is impossible. Because of their advanced regulatory frameworks and supportive settings, countries like Japan, Singapore, and Hong Kong are typically seen as desirable. Factors like transparency, taxation policies, and infrastructure determine which country is most suitable for your specific project. For example, some are sure to strive with a Singapore crypto license while others will be happier to accept one from Japan.
On the surface, getting a Virutal Asset Service Provider (VASP) license in Asia seems easy. You do that by following the application processes, submitting the necessary paperwork, and meeting the regulatory criteria. However, there might emerge a slew of hidden challenges. Therefore, for all of your VASP licensing and regulatory compliance needs in Asia, look no further than LegalBison. Get in touch with us for a no-cost first consultation. It’s where we can go over the specifics of your project and figure out the best course of action.
Crypto licensing prices in Hong Kong may range greatly. They fluctuate from comparatively little to very high, depending on things like the specific license you’re looking for, regulations in your jurisdiction, and any other costs incurred. If you are looking for detailed information on how much it will cost to get a crypto license in Hong Kong, LegalBison is here to help. For a complete breakdown of costs and prices, please contact us for a one-on-one consultation. We will do our best to answer your questions. For example, why an Asian license might be costlier than in other regions.
The timeline to obtain a Virtual Asset Service Provider (VASP) license in Singapore varies a lot. Factors such as the completeness of the application, regulatory review processes, and potential delays can really change the timeframe. While the specifics differ, all applicants should expect a thorough evaluation period by regulatory authorities. Obtaining a crypto license in Singapore is seen as prestigious, so the project is suitably challenging.
Start your crypto company in Asia today!
Request more information about Asian crypto licenses and receive a free consultation.
Our experts will guide you and draw a roadmap to plan out your project in Asia. Reach out now and get on a call within 24 business hours.
Legal experts in designing solutions for crypto licensing worldwide.
Certified ACAMS consultant with 5+ years experience in compliance and FinTech regulations.