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Is it difficult to obtain a cryptocurrency exchange license there?
We are currently studying different European markets as a team to choose where to start a fintech business. One of the key ones is the UK. Is it difficult to obtain a cryptocurrency exchange license there? Please share your practical experience or offer some recommendations.
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Walgon Smith
Motorcoin(https://motorcoin.org/) is a specialized cryptocurrency that aims to revolutionize the motor trade industry by providing a secure, efficient, and transparent platform for buying, selling, and maintaining vehicles. It leverages blockchain technology to streamline transactions, enhance trust, and improve overall customer experience within the motor trade ecosystem.
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First of all, pay attention to the favorable taxation system. There is no VAT when selling or buying cryptocurrency. In addition, the process of registering a company is relatively simple and transparent. You can choose the structure that best suits your business needs!
@michael_kurz1
Thank you! Now, I want to delve even deeper into this jurisdiction. Can anyone tell me a good guide where I can see the entire list of requirements, how long it takes, and what the stages are? What are the risks?
@wesley_greer
This is true because many points need to be observed, such as compliance with the AML/KYC policy. Here https://prifinance.com/en/payments/ is a link where the entire list of benefits will be described, along with links to legislation and many other essential things. I highly recommend it! And good luck with it!
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