Regulation on Cryptocurrency By Country
Feature | Dubai | Lithuania | Estonia |
|---|---|---|---|
Cost | 20 000€ | 20 000€ | 25 000€ |
License Type & Government fee | 1. 9,700€ - Advisory Services & VA Transfer and Settlement Services | 1. Cryptocurrency exchange license
2. Crypto wallet and custodian services license
| 1. Cryptocurrency exchange license
2. Crypto wallet and custodian services license
|
2. 24,250€ - Broker-Dealer, Custody, Exchange, Lending and Borrowing & VA Management and Investment Services | No additional fee | 10 000€ | |
Audit | May be required by VARA | Not required | Monthly and yearly are needed |
Office | Required | Can be virtual | Required |
AML (Anti-Money Laundry Officer) | Can be any nationality | Local needed | Local needed |
AML monthly salary | 5000€ | Starting from 1200€ | Starting from 2000€ |
Local director | Can be any nationality | Can be any nationality | Can be of any nationality, but have to live in Estonia |
Share capital terms | Immidiately | 25% now, 75% within a year.
| Immediately |
Required share capital | 24,250€ (Advisory Services) - 194,000€ (Exchange Services)
| 125 000€ | 100 000€ - Crypto wallet and custodian services license.
250000€ - Cryptocurrency exchange license |
Our Clients
A Deep Dive into Regulation on Cryptocurrency and Licensing
For those looking to make their mark in the digital currency world, understanding the Regulation on cryptocurrency across places like Lithuania, Estonia, and Dubai is essential. Each location presents its unique set of rules, revealing potential avenues in the cryptocurrency market:
🔹 Lithuania:
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Gateway to Europe: Simplified licensing to enter Europe's crypto market.
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Investment Blueprint: Commence with 125,000€; 31,250€ (25%) initially, with subsequent payments over months.
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Operational Liberty: Welcomes virtual office setups and international leadership roles.
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Key Regulatory Pointers: While routine audits aren't a necessity, having an AML officer is.
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Licensing Timeline: Expect a span of 30 to 60 days for completion.
🔹 Estonia:
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Tax Incentives: Enjoy 0% corporate tax and freedom from mandatory dividend releases.
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Licensing Framework: Priced firmly at 10,000€.
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Regulatory Stipulations: A local AML expert and resident director are vital.
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Audit Norms: Periodic checks are mandatory.
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Crypto Exchanges: A strong capital of 250,000€ is a requisite.
🔹 Dubai:
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Crypto Initiatives: Recognized for leading transformative crypto projects.
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Tax Perks: Complete exemption on cryptocurrency transaction profits.
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Licensing Metrics: Generally between 9,700€ to 24,250€, plus a regulatory fee that's half of the primary expense.
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Projects of Prestige: With its luxury costs, best suited for top-tier initiatives.
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Capital Essentials: Crypto trading hubs must have at least 194,000€ in reserve.
🔹 MICA Regulation:
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Safeguarding Investors: MiCA underscores clarity and offers a robust framework for token issuers and crypto facilitators.
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Token Overview: Regulations cover issuers of utility tokens, asset-tied tokens, and notably, 'stablecoins'.
For individuals pondering a crypto exchange foundation or token introduction, gaining a comprehensive grasp on the Regulation on cryptocurrency is invaluable. Dedicating time to explore these rules will lay a solid foundation for a prosperous crypto venture.
Consulting24 Team
Mardo Soo - CEO
Within Consulting24, Mardo's expertise in blockchain consulting, token introductions, and strategy-driven listings shines through. Beyond mere client engagement, he excels in cultivating long-term business relationships, marking his status as a linchpin in the crypto realm.
Lena Elvbakken - Founder
Lena, Consulting24's co-founder, holds unmatched knowledge in the "Regulation on cryptocurrency." Assisting innovators with exchange foundations and token introductions in regions like Estonia and Lithuania, she is invaluable. Lena's skill in clarifying the intricacies of starting a crypto exchange amplifies Consulting24's stature in the crypto domain.
