WHY THE CRYPTO EXCHANGE IS NEEDED?

A properly registered cryptocurrency
exchange allows its users to buy and sell cryptocurrency, exchange the
cryptocurrency (one for another, or for money). Crypto exchange allows you to
exchange cryptocurrency for state currencies and transfer to bank cards or
electronic purses.
Operations with cryptocurrency on crypto-exchange are possible both between the
user and the exchanger, and between the users themselves. In last case, the
registered exchange acts as an intermediary.

WHAT IS
NECESSARY FOR REGISTRATION OF CRYPTO EXCHANGE?

At the first stage, it is necessary to
register a company for crypto-exchange or an exchanger of cryptocurrency.

To legalize the activities of crypto exchange,
according to the laws of some states, a company must obtain a license to
perform cryptocurrency activities. At the same time, it is necessary to select
the most favorable countries for registration of crypto exchange, because the
technology of blocking is still not of generally recognized legal nature. To
serve the crypto platform, you must open a merchant account and a bank account
to withdraw funds from the merchant account.

WHERE
TO REGISTER A CRYPTOCURRENCY COMPANY?

It should be noted that the best
jurisdictions for placing cryptocurrency exchangers are:

·        
Estonia, due to its geographical location and favorable
taxation, as well as the ability to obtain a license to exchange crypto
currency;

·        
Great Britain, due to the prestige of the state, the convenience
of activities and an understandable taxation system, the most popular forms of
companies are LTD, LP and LLP;

·        
Hong Kong is a prestigious jurisdiction that opens wide access
to the Asian market of cryptocurrencies and other goods/services.

Experienced businessmen choose the following countries
to place cryptofarms: Poland, Hungary, Montenegro and Georgia.

LEGAL
REGULATION OF CRYPTO ACTIVITY OF EXCHANGES AND CRYPTOEXCHANGERS

Jurisdictions also differ in the degree
of regulation of the crypto currency.

For example, in the US and Japan – have very strict
regulation, the UAE are on the way to regulating the cryptocurrency activity
and are trying to develop blockchain technologies in their territory, China and
Korea – have imposed a ban on cryptocurrencies and bitcoins, the EU is working
on standards for the regulation of cryptocurrency activities.

Registration of crypto exchanges will become much
easier if you involve a team of SBSB professionals in this process.

We will select the best jurisdiction or license for
crypto exchange/exchanger of a cryptocurrency, we will help you to obtain a
license for cryptocurrency activities, we will provide necessary consultations
on tax planning.