Registration of
offshore companies
Рус
Open cryptocurrency exchange in 2021

How to properly register a cryptocurrency exchange in 2021

2021-01-06
594

The registration of a cryptocurrency exchange in 2021 is relevant. These companies can buy and sell electronic currency, exchange it for other or fiat money, and engage in intermediary activities in the transactions listed above. Before starting such a business, it is advisable to familiarize yourself with the basic requirements for the company and the conditions of entrepreneurship in different countries.

Basic requirements and conditions for opening

It is possible to open a cryptocurrency exchange in 2021 only if a number of requirements are met. The company is required to obtain a license. Most states require an office in the country. In addition, it is important for exchanges to ensure that their assets are segregated from client assets.

It is necessary to place users' fiat money in separate accounts in a financial institution. Cryptocurrency should be separate from customer currency, and it should be possible to identify whether fiat money belongs to a particular customer.

Exchanges in most countries will need to provide audits of financial statements and ensure the identification of users and the security of personal information. Records and reporting documents must be maintained. It is possible to register a cryptocurrency company from scratch, however, there is an option to purchase a ready-made business. Contact our specialists at IT-OFFSHORE to clarify the nuances of opening a company.

What countries are the most profitable: Top 6

Cryptocurrency exchange in Estonia is particularly prestigious because Estonia has earned a reputation as one of the safest places in the world for cryptocurrency investments. Cryptocurrency in the country is regulated by law. A license is issued in several stages. After the documents are prepared, it is necessary to register the company in Estonia. Then an application for a license is prepared, a bank account is opened.

Singapore is a politically and economically stable country. Singapore does not require capital gains tax on cryptocurrencies. The country is distinguished by the availability of high-speed Internet, it is one of the best states for cryptocurrency business. Several dozen outlets accept cryptocurrencies.

Another popular territory for opening a cryptocurrency exchange is the United States, specifically the state of California. The peculiarity of the territory is that there is no need to obtain specific permits to conduct activities. Many exchanges are registered in California, the state has a business-friendly regulatory framework.

It is possible to open a business in Sweden. The country has high-speed internet, developed infrastructure, the social security system that is among the most reliable ones. The state has not developed specific rules regarding cryptocurrencies, however, digital currencies are exempt from taxation.

Liechtenstein is one of the smallest states in Europe. In 2019, the country adopted adjustments to its laws that allow for cryptocurrency firms. Such companies in the country can operate on a compatible legal basis with other European states.

It is profitable to open a cryptocurrency company in Malta. The country is known for its positive attitude to cryptocurrency. Profits from the sale of such currency are not taxed. Electronic money is used in the country as a payment and investment instrument.

Apply now

and get a personalized offer