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Quote from: alenpowa on December 04, 2018, 10:46:40 PM

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Quote from: alenpowa on December 04, 2018, 09:33:20 PM

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Quote from: alenpowa on December 04, 2018, 01:29:53 PM

Hi everybody, I spent the last year building a cryptocurrency based trading platform different from anything else available in the market.
I'm now in the phase where I need to register the company and get started with the licenses process.
I know that until sometime ago most of the exchanges and trading platform didn't had any license, is there a way to get started without a license (legally) and apply for it later on?
I wonder how most of cryptocurrency projects can afford to go live if they have low budget like myself.
I hope somebody can help me to figure out Grin

Hmmm. Why not apply for a license before officially rolling out your crypto platform? I mean it is hard to apply for a license in the first place? You wouldn't want to risk everything so it would be better if you will get a license first so that you will have no doubts running your business, just saying. Best of luck though.

It's nor hard but it's expensive and it takes a lot of time.
For instance in Estonia you need at least 50k as company capital plus the actual process to get the license cost up to 100k, on top of that it takes about a year.
So my plan is to get started without a license and apply for it asap.
It looks like starting a crypto business is not for everyone. At least not anymore.
I'm looking for legal solutions of course.

Take the 2nd comment or post above.

Each country do have its own laws when it regards to business.Therefore,before tending out to talk about licensing then its better to consult out a local lawyer into your place and
ask regarding on this matter. If cryptocurrency is somehow still neutral or isn't still regulated then you can start up without license.

Yes that's what I have been doing, i spoke to an Estonia lawyer and to a Malta lawyer, they both told me that in their country i must get the license in order to get started with the business, I'm looking for a country that can be a better fit for my company.

Then I suggest you move to Russia because you can run your exchange on that country without a license(Not recommended to run a company without a license), but of course, if you want to become a legitimate crypto exchange you should have that one. Basically, you need a license to run your company in those countries that support cryptocurrency.

Thanks I will make some research, i found out that maybe Netherlands could be a solution too.

alenpowa

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