Crypto and Blockchain Europe — Licensing, Registration and Regulation
The European countries and the member states of the European Union have dedicated increasing efforts in developing a healthy framework for crypto companies. Since 2017, more and more European countries have green-lighted cryptocurrencies by introducing cryptocurrency licensing procedures. Now, most of them even have a corporate legal framework for the cryptocurrency industry to develop on the “Old Continent”.
How to get a cryptocurrency license in the EU?
There are more and more options, and the process is more and more standardized. Be careful not to wait too much! Since it is now straightforward to set-up a European crypto company, the number of actors in the industry has been multiplying.
For example, getting a cryptocurrency license in Malta used to be an opaque and difficult process. The Maltese regulators have been working on simplifying it. Nowadays, the Malta VFA Cryptocurrency License has a very clear process and roadmap to follow to get licensed.
Cryptocurrency License in Estonia — The Trusted Industry Standard
It is impossible in the blockchain world to never have heart about the crypto license in Estonia. This small Baltic country has done a tremendous job of providing crypto businesses all over the world with a clear legal framework. The Estonia cryptocurrency exchange license has certainly been a catalyst in the world for the mass adoption of crypto and is considered among the best crypto licenses worldwide.
In the new and uncharted territory of blockchain licenses, Estonia has set a standard and paved the way for other countries to follow. Thanks to the Estonian financial authorities, the crypto industry worldwide has been provided with a working example of a framework against money laundering. It also set the first accounting standards for blockchain companies. Even though crypto accounting standards are still being set and developed, the professionals of LegalBison know how to help you set up the right accounting for your crypto business.
As of mid 2021, Estonia remains a leading jurisdiction, attracting brilliant entrepreneurs of the blockchain industry from all over the world.
Blockchain Licenses in Europe and the EU, for Exchanges, DeFi and more
As you can notice on this page, it is nowadays possible to get regulated in many jurisdictions of the European Union. While the Estonian regulation was made famous for enabling numerous exchanges and custody service providers, one may not disregard other forms of blockchain-based businesses.
What if your business model is about remittance, and you need a company with a cryptocurrency money transfer license? Or you are setting up a DAO, a DeFi protocol or programming a DApp? What is the suitable authorization for the increasing number of possibilities with blockchain technology?
With the law, you want to play it safe. The regulations are evolving every month, and LegalBison made it its duty to be up-to-date with every opportunity in Europe and beyond. Get in touch with our qualified advisors today and assess which European crypto framework would be the simplest and the most suitable for your project.