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Safeguards are used by payment companies and electronic money issuers (PIs and EMIs) to ensure that in case of liquidation the funds are protected. The rules that relate to the protection of finances are spelled out in the section of frequently asked questions. The purpose of this article is to provide a disclosed description of…

There are 111 banking institutions with offshore banking license operating within the Cayman Islands. Most of them are subsidiaries (31) and branches opened by international banks. The Cayman Islands considered one of the most trusted international centers for financial activities. Deposits in excess of one trillion dollars made through banks registered and operating in the…

Consider the option of obtaining a cryptocurrency license in Estonia for an enterprise that is registered in this state. Recently, there has been a change in the rules, and some requirements have increased, but Estonia is still one of the most attractive jurisdictions where such licensing can be carried out. Cryptocurrency license in Estonia Why…

All Lithuanian entrepreneurs, in order to conduct business in the provision of services related to cryptocurrency, need to obtain a crypto license. Lithuania offers a friendly and fully regulated legal environment for companies offering cryptocurrency exchange services and storage wallets, with refined rules that have been in effect since 2020. Cryptocurrency license in Lithuania This…

The Forex Expo 2021, held on September 29th and 30th in Dubai, UAE, emerged as a pinnacle event in the realm of foreign exchange trading industry, drawing participants and stakeholders from across the globe. Innovative Sessions: The expo featured a dynamic lineup of sessions covering a wide array of topics pertinent to the forex industry….

The Fintech industry in Switzerland continues to grow dynamically and has become one of the top providers of digital tech solutions for the nation’s finance sector. In 2020, there were 405 Fintech companies operating in the country – which is 23 more than in the previous year. To promote innovation in the financial sector and…

The regulatory authorities of the UAE have determined the procedure for working with cryptocurrency. Now, investors are given the opportunity to trade and other cryptocurrency transactions within the DWTCA Free Zone – Dubai World Trade Center Authority. An agreement has been concluded between DWTCA and SCA (Securities and Commodity Control Authority), the provisions of which…

AS 9120 provides traceability, inventory administration, surveillance and record keeping. Companies that have received the AS 9120 certification have proven to be a reliable distributor worldwide. Certified companies switched to the new version of the standard before September 2018. Since 2017, audits have begun to be carried out according to the new edition of this…

AS 9110 includes demands that are intended to be applied by all enterprises regardless of their type, size and product supplied. If any requirement of the standard cannot be applied due to the specifics of the organization and its products, it can be excluded. Certification and training services are actively promoted in the market to…

AS/EN 9100 emphasizes quality in all aviation sectors. It is applicable to civil and military aviation enterprises. Since its first edition, 9100 has been revised several times. Quality and safety demands established by it were supplemented in accordance with legislative and regulatory norms, conditions of contracts in aerospace field. As of today, the 2003 version…

Supply system is breakable in many sectors or causes public safety concerns. This situation leads to security gaps in private and public institutions and negatively affects companies. Such risks need to be identified in the supply mechanism for firms and effectively managed through accurate diagnostics. ISO 28001 enables enterprises to define and document reasonable levels…

Crypto banks are platforms that position themselves as crypto currency banks. They enable users to save digital assets and open deposit accounts, as well as issue loans in digital currency and allow users to pay for purchases with crypto currency cards. If you want to become the owner of such a structure and start making…