Crypto and Blockchain North America — Licensing, Registration and Regulation
North America has a reputation for holding very strict and prestigious standards regarding regulation in financial services and other industries. It is no surprise that the Northern American countries took a serious stance on regulating crypto companies and the blockchain industry.
Getting a crypto license in America means business. But the licensing process is not so simple to obtain. Heavy regulations are meant to target the biggest players of the industry. You have certainly heard about most of the companies holding a blockchain permit in USA or a Canada crypto authorization. This is because these frameworks hold really high standards and requirements.
Registering your crypto company in North America and obtaining a license with LegalBison will set you ahead of competition immediately. There is little to no better proof of trustworthiness and diligence in the blockchain legal world.
Cryptocurrency Licenses in the USA — Registration, Process and Benefits
There are millions of good reasons to pick the United States as the place of establishment for your crypto company. The market is huge and is increasingly in demand for crypto and blockchain services. The USA are one of the two biggest economies in the world and the leading jurisdiction for software and information technologies. Imagine for a second your crypto company in the Silicon Valley or New York.
It is important to acknowledge a fact about cryptocurrency regulations in the USA: they are established on a state level and not on the federal level. To operate in a given state, your blockchain company needs a crypto license, money transmitter license, authorization or legal opinion there.
This is why our experts at LegalBison consider that the best plan is to register first in a strategic state, such as New York. Blockchain companies in the State of New York are highly regarded. The “New York BitLicense” has been given to very prestigious companies: cryptocurrency exchanges, gaming companies, payment services, and others.
Getting a cryptocurrency permit in NY sets you apart from the competition. It’s a solid, trusted and recognized framework.
Cryptocurrency Licenses in Canada — Registration, Process and Benefits
The blockchain Canada license is the alternative in North America. The Canadian regulation, as the US one, is very complex and demanding. However, the successful candidate will be able to compound licenses and authorizations for financial services. Canada is really well suited to ambitious, versatile projects.
A frequently asked question is about the tax on crypto in Canada. It is an important topic to bring in the registration process of your crypto company, as the tax rate is dependent on the province of registration. There is a lot of legal and administrative procedures depending on your choice of province. Our advisors will manage all these tricky questions for you and make the process of registering a crypto business simple.
Do you need a license for crypto mining in Canada? As for any sorts of blockchain-related project, it is wiser to be on the safe side of the law. Request a consultation and our experts will relieve you of these stressful questions.
