Read the story here. Advertise at Before It's News here.
Profile image
By BusinessImpacts
Contributor profile | More stories
Story Views
Last hour:
Last 24 hours:

What Do You Need to Know About a Crypto License in Europe?

% of readers think this story is Fact. Add your two cents.

What Do You Need to Know About a Crypto License in Europe?

In Europe, there are well-thought-out rules for regulating the crypto industry. At the same time, each country reserves the right to introduce more stringent requirements to protect its citizens better. So, obtaining a crypto license will be the only opportunity to work legally, develop, and get new customers.

Benefits of Obtaining a License

Obtaining a license is the only way to work legally in Europe if you earn cryptocurrency. Now all crypto wallets and exchanges that use crypto assets are subject to licensing.

Obtaining a license is very important for every crypto company because it will allow them to work legally and develop. It has several significant benefits:

  • Avoids government regulation;

  • Increases the level of trust on the part of partners;

  • Helps to attract the attention of more users;

  • Allows you to place ads.

Government agencies in different countries block other companies’ websites, which leads to companies’ inability to function as usual, and sometimes their work is completely stopped. To prevent this from happening, you must first obtain a license.

Having a license is the primary confirmation that your company operates openly and you are not a fraudster. It allows attracting new investors and partners, which has a very positive effect on business development.

Attracting new customers is almost impossible without promotions. If you publish information about your company’s work on various sites without a license, you risk attracting the attention of regulators. As a result, if you want to attract new clients, you need a permit.

Choice of Jurisdiction

One of the main steps is the choice of jurisdiction. It should be said right away that obtaining a license in one country allows you to work legally throughout the EU. Thus, you can choose the country where the terms of cooperation seem most favorable. We advise you to pay attention to the following jurisdictions:

  • Lithuania;

  • Poland;

  • Estonia;

  • Slovakia.

The most simple and understandable conditions for licensing are created here, and there is no unnecessary bureaucracy; obtaining a permit takes only a few months.

Practice shows that most crypto companies choose Lithuania to obtain a license. There are only 2 types of permits here – for a crypto wallet and an exchange. The minimum capital is only 2500 Euros, and obtaining a license takes only a few weeks. There are no special requirements for the applicant. Other jurisdictions listed above impose more complex requirements for a crypto company, for example, increasing the minimum amount of authorized capital and creating more stringent software requirements.

How Is the Licensing Process Going?

A relatively simple and understandable licensing system has been established in EU countries. So, each company must follow a few simple steps:

  • Register a company in the jurisdiction you have chosen;

  • Open a bank account;

  • Collect a list of required documents;

  • Create a good business plan;

  • Apply for a license.

It is worth saying that each jurisdiction has its peculiarities; for example, in Poland, you need to obtain a PESEL – a unique tax number. It often takes about a month to receive this document.

If you are afraid that you will not be able to prepare documents correctly or do not want to spend time on this, you should contact Gofaizen-Sherle for help. A large team of professionals can take on all the complex work.

What Services Do Our Specialists Provide?

You should contact our specialists if you want the company licensing process to be as easy and fast as possible. They will conduct a full consultation, help you choose the proper jurisdiction, collect all the necessary documents, check the correctness of their filling, help you create a realistic business plan, and represent your interests in government agencies. Experts know the peculiarities of work in each jurisdiction, so they will tell you what you need to pay attention to first.

Our specialists are always focused on clients, fulfill even the most complex requests, and try to complete the work in the shortest possible time. Here you will find a high level of service and relatively low service prices.

Before It’s News® is a community of individuals who report on what’s going on around them, from all around the world.

Anyone can join.
Anyone can contribute.
Anyone can become informed about their world.

"United We Stand" Click Here To Create Your Personal Citizen Journalist Account Today, Be Sure To Invite Your Friends.

Lion’s Mane Mushroom

Mushrooms are having a moment. One fabulous fungus in particular, lion’s mane, may help improve memory, depression and anxiety symptoms. They are also an excellent source of nutrients that show promise as a therapy for dementia, and other neurodegenerative diseases. If you’re living with anxiety or depression, you may be curious about all the therapy options out there — including the natural ones.Our Lion’s Mane WHOLE MIND Nootropic Blend has been formulated to utilize the potency of Lion’s mane but also include the benefits of four other Highly Beneficial Mushrooms. Synergistically, they work together to Build your health through improving cognitive function and immunity regardless of your age. Our Nootropic not only improves your Cognitive Function and Activates your Immune System, But it benefits growth of Essential Gut Flora, further enhancing your Vitality.

Our Formula includes:

Lion’s Mane Mushrooms which Increase Brain Power through nerve growth, lessen anxiety, reduce depression, and improve concentration. Its an excellent adaptogen, promotes sleep and improves immunity.

Shiitake Mushrooms which Fight cancer cells and infectious disease, boost the immune system, promotes brain function, and serves as a source of B vitamins.

Maitake Mushrooms which regulate blood sugar levels of diabetics, reduce hypertension and boosts the immune system.

Reishi Mushrooms which Fight inflammation, liver disease, fatigue, tumor growth and cancer. They Improve skin disorders and soothes digestive problems, stomach ulcers and leaky gut syndrome.

Chaga Mushrooms which have anti-aging effects, boost immune function, improve stamina and athletic performance, even act as a natural aphrodisiac, fighting diabetes and improving liver function.

Try Our Lion’s Mane WHOLE MIND Nootropic Blend 60 Capsules. Today Be 100% Satisfied Or Receive A Full Money Back Guarantee Order Yours Today By Following This Link.

Report abuse


    Your Comments
    Question   Razz  Sad   Evil  Exclaim  Smile  Redface  Biggrin  Surprised  Eek   Confused   Cool  LOL   Mad   Twisted  Rolleyes   Wink  Idea  Arrow  Neutral  Cry   Mr. Green

    Load more ...




    Email this story
    Email this story

    If you really want to ban this commenter, please write down the reason:

    If you really want to disable all recommended stories, click on OK button. After that, you will be redirect to your options page.