{
  "name": "Consulting24 Crypto Licensing Index",
  "edition": "2026",
  "source": "Consulting24 (X24Consulting OU, reg 16971898, Tallinn)",
  "total_deliveries": null,
  "methodology": "https://www.consulting24.co/licensing-index/methodology/",
  "disclaimer": "Aggregated, anonymized outcomes from Consulting24 client engagements. No personally identifiable client information. General guidance, not legal advice; regulations change.",
  "note": "Base rows are verified 2026 regulatory reference facts. The 'operator' object (aggregated data from real Consulting24 deliveries) is present only where filled; absence means that jurisdiction's operator data is still being compiled.",
  "jurisdictions": [
    {
      "slug": "panama",
      "name": "Panama",
      "service_model": "direct",
      "regulator": "NO enacted crypto/VASP licence exists (2026). A draft framework, Anteproyecto 314 (tabled Jan 2026), is pending and NOT law",
      "reference_timeline": "2-3 weeks"
    },
    {
      "slug": "lithuania",
      "name": "Lithuania",
      "service_model": "direct",
      "regulator": "Bank of Lithuania",
      "reference_timeline": "4-8 months"
    },
    {
      "slug": "estonia",
      "name": "Estonia",
      "service_model": "direct",
      "regulator": "Finantsinspektsioon",
      "reference_timeline": "5-9 months"
    },
    {
      "slug": "czech-republic",
      "name": "Czech Republic",
      "service_model": "advise-and-coordinate",
      "regulator": "Czech National Bank",
      "reference_timeline": "4-8 months"
    },
    {
      "slug": "poland",
      "name": "Poland",
      "service_model": "advise-and-coordinate",
      "regulator": "KNF",
      "reference_timeline": "4-8 months"
    },
    {
      "slug": "malta",
      "name": "Malta",
      "service_model": "advise-and-coordinate",
      "regulator": "MFSA",
      "reference_timeline": "5-9 months"
    },
    {
      "slug": "cyprus",
      "name": "Cyprus",
      "service_model": "advise-and-coordinate",
      "regulator": "CySEC",
      "reference_timeline": "5-9 months"
    },
    {
      "slug": "switzerland",
      "name": "Switzerland",
      "service_model": "advise-and-coordinate",
      "regulator": "non-EU",
      "reference_timeline": "6-12 months"
    },
    {
      "slug": "cayman-islands",
      "name": "Cayman Islands",
      "service_model": "advise-and-coordinate",
      "regulator": "CIMA",
      "reference_timeline": "3-6 months"
    },
    {
      "slug": "bvi",
      "name": "BVI",
      "service_model": "advise-and-coordinate",
      "regulator": "BVI FSC",
      "reference_timeline": "3-6 months"
    },
    {
      "slug": "seychelles",
      "name": "Seychelles",
      "service_model": "advise-and-coordinate",
      "regulator": "FSA",
      "reference_timeline": "2-4 months"
    },
    {
      "slug": "canada",
      "name": "Canada",
      "service_model": "advise-and-coordinate",
      "regulator": "FINTRAC MSB registration for virtual currency dealing",
      "reference_timeline": null
    },
    {
      "slug": "singapore",
      "name": "Singapore",
      "service_model": "advise-and-coordinate",
      "regulator": "MAS",
      "reference_timeline": "9-18 months"
    },
    {
      "slug": "hong-kong",
      "name": "Hong Kong",
      "service_model": "advise-and-coordinate",
      "regulator": "SFC",
      "reference_timeline": "9-12 months"
    },
    {
      "slug": "georgia",
      "name": "Georgia",
      "service_model": "advise-and-coordinate",
      "regulator": "National Bank of Georgia",
      "reference_timeline": "1-3 months"
    },
    {
      "slug": "mauritius",
      "name": "Mauritius",
      "service_model": "advise-and-coordinate",
      "regulator": "FSC",
      "reference_timeline": "3-6 months"
    },
    {
      "slug": "gibraltar",
      "name": "Gibraltar",
      "service_model": "advise-and-coordinate",
      "regulator": "GFSC",
      "reference_timeline": "3-6 months"
    },
    {
      "slug": "bahamas",
      "name": "Bahamas",
      "service_model": "advise-and-coordinate",
      "regulator": "Securities Commission",
      "reference_timeline": "3-6 months"
    },
    {
      "slug": "costa-rica",
      "name": "Costa Rica",
      "service_model": "advise-and-coordinate",
      "regulator": "no dedicated crypto licence",
      "reference_timeline": null
    },
    {
      "slug": "el-salvador",
      "name": "El Salvador",
      "service_model": "advise-and-coordinate",
      "regulator": "CNAD",
      "reference_timeline": "3-6 months"
    },
    {
      "slug": "dubai",
      "name": "Dubai",
      "service_model": "comparison-only",
      "regulator": "VARA category licences",
      "reference_timeline": null
    },
    {
      "slug": "abu-dhabi",
      "name": "Abu Dhabi",
      "service_model": "comparison-only",
      "regulator": "ADGM FSRA crypto framework",
      "reference_timeline": null
    }
  ]
}