I’m thinking about setting up a cryptocurrency company in Europe. What do I need to know?
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To get an EU crypto company license, you will generally need your incorporation certificate, risk evaluation documents, and KYC certificate. However, it depends on the country you’re registering in; Estonia requires a certified copy of your passport and Power of Attorney. The country also requires a description of your business model and website addresses.
To get a license for a crypto company in the EU, you will need to choose a country first and run your company there. Then, register for a corporate bank account in any banking institution. Get the required documents ready; look through them to ensure you’ve filled in all necessary information to prepare the licensing papers. The regulating authorities will check if your company meets the requirement for a license. If you are eligible, you’ll pay some mandatory charges and duties, and your license will be issued. This process has been made easy by online license issuing services, offering expert consultancy in financial licensure and regulatory affairs.