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The Cοrporate Αffairs Cοmmission (CAC) is a regulatory body set up to administer Nigerian entities. Recently, it has launched a new e-registration platform, due to which company registration in Nigeria can be done remotely. As specified by the law, an entry in a registrar of this regulator is a compulsory term for setting up a Nigerian…

The main characteristic of virtual currencies is their DeFi nature. They are not administrated by a sole organization alike monetary authorities but are split among a range of computers and networks. Often cryptocoins apply this feature to obtain high levels of confidentiality and safety that are not accessible to fiat currency and its circulation. Bottomed…

The recent economic crisis demonstrated the cope of consequences that the unregulated accumulation of risks and vulnerabilities in the banking industry can have for the whole financial system. Hence, the primary purpose of banking supervision in Germany is to guarantee that banking is effective, secure, and doesn’t face any risks. Overview of German banking regulation…

Typically realized during an ICO, utility tokens offer token holders many privileged services and aren’t treated to be investments as they feature speculative nature and act more like promotional instruments for the issuing company. Let’s find out what is NFT utility and how it differs from traditional NFT. NFT utility: what is it? Commonly associated…

The Federal Financial Supervisory Authority, better known by its abbreviation BaFin, oversees banking institutions, FSPs, private insurance firms, and securities dealers. This authority is also in charge of ensuring consumer security in these fields. But there are certain legit restrictions to the extent to which BaFin is mandated to help customers. Figure out the sectors which BaFin…

According to the statement of HMRC, EMI schemes will remain to be effective after Brexit transitional period. These schemes allow some businesses to provide workers nontaxable share options worth up to £250,000; they do not expire and will be applicable in the post-Brexit period. What can companies hope for? As of now, there are multiple…

In line with the Swiss law, entities providing asset management services are necessitated to acquire special permission from the regulative authority FΙNMA to continue running their operations. FINIA sets a period to transit (3 years) for Swiss asset management companies that delivered their services prior to 2020 to send their requests. However, this timeframe expires…

Our group of experts can help you with setting up a money service business in Canada. It includes a procedure of legal application, regulatory interaction, the creation of required paperwork, and constructing the payment system, we recommend contacting our specialists to deal with it. Why Canada? This state encourages trade, and there are several fintech…

Astana International Financial Center (AIFC) is a specialized hub that grants fin. organizations access the marketplaces of Eurasia, providing safe roots and creating a separate legal base. This is an advanced financial institution based in Kazakhstan, connecting the economies of the central region of Asia, the Caucasus, Mongolia, China, the Middle East and the EU….

A cryptocurrency exchange is considered to be a platform for digital means trading. If businesspersons or others intend to participate in cryptographic currency trading, they need to do it through exchange, because now quite a few conventional investment firms offer digital money exchange operations. There’re 3 main types of cryptoexchangers – centralized, mixed and decentralized….

Below, we will try to find out what is a utility token? It’s a specific kind of token helping in capitalization or financing of projects for new businesses, companies or groups of project creators. The UL token, which is called a service token, is used as a guarantee of taking part in large sales to…

We can assist you in gaining the UK Authorized Payment Institution License if you desire to propose various options for clients such as funds transfers, processing of payments, or supplying opening accounts. UK government’s API and Ordinances The corporation is obligated to receive a permit from the FCA to process payments as an API in…