El Salvador VASP: Navigating the Cryptocurrency Landscape
El Salvador, a small Central American nation known for its stunning coastlines and rich culture, has emerged as a frontrunner in the adoption of cryptocurrency. The pivotal moment came on June 9, 2021, when the Salvadoran parliament passed a law recognizing Bitcoin as legal tender, alongside the U.S. dollar. This groundbreaking decision has not only […]
Not All Financial Licenses Were Created Equal – The Great Advantages of Labuan
When considering a global financial operation aiming to reach greater audiences, jurisdictions like Mauritius and the Seychelles always take the lead, quite justly, in the global financial scene where these cater to the diverse needs of investors and businesses. There is however another option to consider when setting up a global financial operation – in […]
Greece Broker License
Despite many hurdles and challenges, the FX/CFDs industry remains a profitable and lucrative industry for both experienced players and start-ups. One of the highly sought after products in the industry is the constant search for prominent jurisdictions in the EU to establish your brokerage operation. The EU offers a unique regulatory advantage as the offering […]
The Late Rise of International VASP Licenses: A Sign of Blockchain Industry Growth
After a period that the blockchain industry seemed to slow down, it looks like things have started growing again. After an unstable and dark period and the fall of major players, the late awakening of the industry is going simultaneously with the approach of governments to implement new regulation regimes, and laws to make digital […]
Starting A Crypto Exchange in The United Kingdom
Commencing a cryptocurrency exchange, often referred to as a crypto exchange (CE), in the United Kingdom is a multifaceted and meticulously regulated endeavor. The Financial Conduct Authority (FCA), a respected financial regulator, bestows its licenses with a mark of excellence, stability, and trust within the market. Porat Group is your trusted guide through the essential […]
Legal research on Regulation on Markets in Crypto-Assets (MiCA)
In an era marked by rapid advancements in the cryptocurrency industry, regulatory frameworks play a pivotal role in ensuring market integrity, investor protection, and compliance. With the recent approval of the Transfer of Funds Regulation (TFR) update and the Regulation on Markets in Crypto-Assets (MiCA) by the European Parliament, the landscape of cryptocurrency regulation has […]
Maltese VASP license
Malta has introduced a regulatory framework for virtual financial assets (VFAs) under the Virtual Financial Assets Act (VFAA) and the Virtual Financial Assets Regulations (VFAR). The requirements for obtaining a VASP license in Malta may include the following: Incorporation: Establishment of a legal entity in Malta, such as a limited liability company, which will be […]
VASP License- Singapore
In Singapore, virtual asset service providers (VASPs) are regulated under the Payment Services Act and must obtain a license to operate legally. The Monetary Authority of Singapore (MAS) is the regulatory body responsible for overseeing virtual asset-related activities in Singapore. Working with MAS can be a comprehensive and structured process. MAS is the regulatory authority […]
EMI License in the Netherlands
The Netherlands has built a reputation for itself as an innovative, progressive jurisdiction when it comes to the payments and fintech sectors. Recently, the country has become more popular among payment services providers and fintech companies due to its high pace of licenses granted and its ever-increasing innovative approach in regards to these industries. Among […]
Virtual Assets Services Licenses in the UAE
The Abu Dhabi Global Market (ADGM) is one of the regulatory authorities in the UAE and has the most comprehensive payments and virtual assets regimes in the UAE market. ADGM licenses activities include (i) multilateral trading facility for virtual assets (i.e. a secondary market trading platform), (ii) brokerage, custodianship and issuance platforms for virtual assets, […]