Requirements in Luxembourg - what is needed?
Who regulates crypto companies in Luxembourg?
The Luxembourg CSSF regulates crypto companies in Luxembourg
- A legal entity in Luxembourg
- More advanced business plan with Cash Flow 3 years budgeting forecast
- A specific set of required internal risk policies according to local AML laws
- Extensive background check of all participants, including a certificate of non criminal record, a review of the resume and possible interviews
- Obtaining and maintaining well functioning banking solutions
- Description of services offered to customers within the first 3-9 months after granting of license
- A significant share capital