Crypto License in New York
Everything you need to know about New York’s Money Transmitter License crypto and the benefits it can bring to your company.
- Become a licensed crypto exchange in the State of New York
- Your gateway to one of the most prolific markets for crypto enthusiasts
- Works in combination with other licenses in New York, allowing money transmitter projects
- A crypto exchange license in the USA
Legal experts in designing solutions for crypto licensing worldwide.
Blockchain enthusiast and expert on cryptocurrency and FinTech related laws.
Cost of a Cryptocurrency License in New York
Pricing for registration of a New York Crypto License.
Legal experts in designing solutions for crypto licensing worldwide.
+44 20 4577 0974
Blockchain enthusiast and expert on cryptocurrency and FinTech related laws.
+44 20 4577 0974
Free consultation about the crypto license in New York to start your project
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Initial consultation
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Turnkey Company Formation
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Registration as VASP with the Regulator
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Registered legal company address for 1 year
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Basic (mandatory) AML/KYC Policy
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Full communication with VASP Issuing authority for obtainment of authorization
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Translated and apostilled set of corporate documents
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Assistance in opening Business account for crypto operating activity
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Assistance in formulating requirements, finding, interviewing and written agreement with AML/MLRO for your crypto company
Full turnkey crypto company formation and support in all necessary aspects
-
Initial consultation
-
Turnkey Company Formation
-
Registration as VASP with the Regulator
-
Registered legal company address for 1 year
-
Basic (mandatory) AML/KYC Policy
-
Full communication with VASP Issuing authority for obtainment of authorization
-
Translated and apostilled set of corporate documents
-
Assistance in opening Business account for crypto operating activity
-
Assistance in formulating requirements, finding, interviewing and written agreement with AML/MLRO for your crypto company
And what will you say once we make your project work?
Best company for Crypto Licenses! Kudos to the team for making the incorporation of our company really smooth
Very proactive, responsive, and able to provide solutions and advice. The firm is familiar with the new industry of blockchain and cryptocurrency
LegalBison helped us navigate a space that’s often uncertain and complex, which gave us the confidence to move forward with our project.
General information about New York Crypto License
Possible activities with a crypto license in New York
The main crypto activities permitted with a New York VASP license are:
- Custody;
- Fiat to crypto;
- Crypto exchange;
- ICO, ITO, Fundraising.
Who regulates crypto companies in New York
The BitLicense is patronized by the New York State Department of Financial Services.
Requirements to obtain a crypto license in New York
The list of the main components to prepare for obtaining a New York crypto license goes as follows:
- A company registered in the United States;
- More advanced business plan with Cash Flow 3 years budgeting forecast;
- Professionally prepared documents describing internal risk policies according to the local AML laws;
- Local personnel to administrate the company in the State of New York;
- Description of services offered to customers within the first 3-9 months after granting the license;
- A raised share capital.
Process to obtain a crypto license in New York
To acquire a crypto license in New York, you have to follow these steps:
- Prepare the business plan;
- Prepare the compliance procedures and policies in accordance with the AML & Bank Secrecy Act Policy;
- Register a company in the United States (preferably in the New York State);
- Open a surety bond or trust account in the USA;
- Prepare your application fine and gather documents as requested in the Application Checklist;
- File an application online through the NationWideLicensingSystem website.
- Suitable activities with this license
- Regulatory authorities in New York
- Requirements
- Licensing Process
Possible activities with a crypto license in New York
The main crypto activities permitted with a New York VASP license are:
- Custody;
- Fiat to crypto;
- Crypto exchange;
- ICO, ITO, Fundraising.
Who regulates crypto companies in New York
The BitLicense is patronized by the New York State Department of Financial Services.
Requirements to obtain a crypto license in New York
The list of the main components to prepare for obtaining a New York crypto license goes as follows:
- A company registered in the United States;
- More advanced business plan with Cash Flow 3 years budgeting forecast;
- Professionally prepared documents describing internal risk policies according to the local AML laws;
- Local personnel to administrate the company in the State of New York;
- Description of services offered to customers within the first 3-9 months after granting the license;
- A raised share capital.
Process to obtain a crypto license in New York
To acquire a crypto license in New York, you have to follow these steps:
- Prepare the business plan;
- Prepare the compliance procedures and policies in accordance with the AML & Bank Secrecy Act Policy;
- Register a company in the United States (preferably in the New York State);
- Open a surety bond or trust account in the USA;
- Prepare your application fine and gather documents as requested in the Application Checklist;
- File an application online through the NationWideLicensingSystem website.
Alternatives to a crypto license in New York
Our team has curated the following jurisdictions as being worthy alternatives to a crypto licensed company in New York:
Crypto License in Switzerland
on request-
8.5% CIT
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Flexible framework
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Financial prestige
Crypto License in Finland
on request-
Prestigious Nordic jurisdiction
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Reliable and trusted framework
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Simple authorization process
Crypto License in Gibraltar
on request-
Low taxes
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Flexible license
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Crypto-friendly country
Crypto License in Malta
on request-
Serious Crypto Jurisdiction
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Adaptable license
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Highly reputed
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Fastest licensing process
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Lowest price in 2024
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Available ready-made companies
About Crypto License in New York
Yes, one of the requirements is to have at least one director who is a local resident. It is important to state that nominee directors are illegal in New York.
Yes, your company must have substance in the State of New York, which in turn means you need a physical office and not just a letterbox.
Yes. The nature of banks working with crypto businesses is changing almost on a daily basis. Our professionals know the most effective solutions for different business needs.
Yes, we can design a business plan for any kind of venture. We have experience dealing with granting authorities and are well aware of their expectations of applicants.
No, only individuals from blacklisted countries (f.e. North Korea) will not be able to proceed with this license.
Start your crypto company in New York USA today
Request more information about the crypto license in New York now. The first free consultation with our legal team is within 24 business hours.
Legal experts in designing solutions for crypto licensing worldwide.
Blockchain enthusiast and expert on cryptocurrency and FinTech related laws.