An opening of a cryptocurrency exchanger in Cyprus is a promising business project, but it is necessary to fulfill the requirements of the national financial regulator and AML. The Republic is open to the blockchain, but in terms of licensing and currency activities regulation, it is guided by the Directives of the European Union. The exchangers are obligated to inform users about the crypto risks, instability of the non-fiat currencies rate of exchange.
Licenses for cryptocurrency are issued and controlled by the Cyprus Central Bank, it also checks licensees. The work of the exchanges is also regulated by the profile commission - CySEC. To work within the Republic and enter the European & global market, you will have to:
The Cyprus license for the cryptocurrency exchange gives a right to work in the EU area, so the licensee’s hassle is paid off. You can simplify the procedure by contacting the “Prifinance” consulting company.
If you need a license for the cryptocurrency exchange, the “Prifinance” experts will provide a comprehensive support, help with risk diversification, tax planning, selection of the organizational form and corporate structure. With us, the opening of a crypto-exchanger will take place within the framework of the country / EU legislation. We will help:
Our proposals are legal and organizational support for the opening of crypto-exchanges, exchangers, in which fiat and non-fiat currencies circulate. With "Prifinance", you minimize the risks and preparation time for the work.