This region is emerging as a major hub for e-currency commercial operations, thanks to its pioneering legislative scheme, low charges, and strong monetary facilitation. For organisations looking to enlarge their activity within the e-currency space, a crypto licence in Cyprus to obtain from the CySEC is notable. While the process is thorough, the benefits of…
The release and application of new regulation represent a significant step forward in the lawful structure pertinent to virtual assets. It offers to set up a clarity in the sector with some uncertainty and lawful turmoil for both asset creators and SPs, users and backers, along with the other participants in the industry. This article…
The main tendency of the Swiss economy is the financial sector. The country stands out with its dependable economic stability, preservation of banking confidentiality and political neutrality. In addition, the state dominates the world in international wealth management with a quarter percent of global market’s share. In spite of financial sector recognition, investors have to…
Since 2017, the popularity of digital currencies has been growing actively. This surge coincided with substantial profits, driving a growth in the quantity of contribution funds in this sector. The virtual currency business continues to attract investors. Enrolling a crypto fund that complies with the legal requirements of the chosen jurisdiction is one way to…
Key Details of this Lithuanian VASP: Licensed VASP: Established in 2021 with full authorization from FNTT. Banking Setup: Active PSP account with a Lithuanian EMI for smooth operations, and a local bank account for tax and salary payments. Financial Stability: No loans or debts, in good standing, compliant with AML/KYC regulations. Legal and Operational Support:…
This is a new investment opportunity – FSP license in New Zealand for sale. Please check out the main details regarding this proposal below. FSP license in New Zealand: key considerations Financial Services Provider (FSP) for sale in New Zealand; Registered with Financial Service Providers Register in 2024; Authorizations (changing foreign currency, issuing or managing…
Key Features of this Forex Broker Company: Company Structure: Composed of both Bulgarian and offshore entities. Established Brand: The company has been operating for 9 years with a solid reputation in the market. Complete Infrastructure: Ready Made Forex Broker Company includes a website, secure client area (SCA), trading platform, and mobile applications. Trading Options: Leverage…
South Africa FSP License Bank Account: Includes one local bank account. Personnel: Local director and Key Individual (KI) available to stay post-sale. Transfer Timeline: Quick transfer—1 week for CIPC, 3 weeks for FSCA. Mauritius Full Service Dealer License Bank Accounts: Corporate and client accounts at MauBank. Capital Requirement: €24,000 Total Investment: €227,800 (inclusive of setup…
Zurich
+41 435 50 73 23Kyiv
+38 094 712 03 54London
+44 203 868 34 37Tallinn
+372 880 41 85Vilnius
+370 52 11 14 32New York
+1 (888) 647 05 40In the first quarter of 2018, the most popular topic in the world of cryptocurrency was the regulation of ICO.
This happened in Switzerland, where in February FINMA issued its ICO guidelines. This caused a huge resonance both within the country and in the wide association of blockades.
Considering the fact that we are members of the CVA (Crypto Valley Association), we refer to one of our priority activities the introduction of members and the growing blockbuster industry in Switzerland in discussions on regulation and policy issues. And so we can say with confidence that we know the ICO field.
In January, CVA released our Code of Conduct for the ICO. CVA collaborated with FINMA in organizing and holding a series of roundtables in Zug, Geneva and Lugano in order to clarify and consolidate the guidelines for the community. Also, an important goal of such events was to collect feedback.
In addition to this, it is worth noting that the CVA also participates in policy discussions in other ways. The CVA community is a figurant in the Fintech round tables in the Swiss government.
To all other things it is the adherent of the Task Force on Blocking in the Ministry of Finance of Switzerland.
Participation in different forums makes it possible to add our perspectives and ideas, as we are working to negotiate with politicians and maintain regulation that protects consumers and fosters innovation.
For example, we hope that ICO will eventually become a significant and innovative tool for attracting companies’ capital. However, despite this regulation will continue to take a leading role in this development.
In addition to this, it is not just an ICO. We set a goal in CVA, which is based on supporting a stable and prosperous block industry in Switzerland, which creates jobs and promotes economic growth.
However, it is clear that these problems will play a key role in the wider industry. In order to have an idea, you need to study the complex problems associated with how the blockchain technology can be harmonized with the GDPR in Europe.
On this basis, we will continue to participate in the consideration of regulatory and policy issues at all levels and commit ourselves to making every effort to study in the interests of the members of CVA, our growing industry, and users and consumers of this new technology that we are creating.
We encourage all members to maintain communication and consultation and, if possible, join the discussion.
The international company Eternity Law International provides professional services in the field of international consulting, auditing services, legal and tax services.