The Czech Republic is a country located in the very center of Europe, with a developed financial structure and a transparent tax system. Cryptocurrency operations in the jurisdiction are not prohibited and are regulated by legislation. Registering a crypto company in the Czech Republic is a profitable and reliable investment in a country with stable economic development and a friendly environment for crypto businesses.

Cryptocurrency License in the Czech Republic

To be able to work with virtual financial products in the Czech Republic, a license for entrepreneurial activity in the field of services related to cryptocurrency (Virtual Assets Service Provider License) is required. Licensing of cryptocurrency activities in the Czech Republic is handled by the National Bank of the country.

The crypto license allows providing the following services to clients:

• exchange of virtual currency for fiat currency and vice versa;
• exchange of cryptocurrency for another cryptocurrency;
• storage of virtual currency on behalf of the client;
• transfer of virtual currency between crypto wallets;
• storage of fiat funds on behalf of the client for a certain period of time for subsequent exchange for cryptocurrency.

The Czech crypto license is considered respectable, confirming the reliability and transparency of the issuer. It allows working without restrictions in all countries of the European Union. It is enough to notify the local regulator; no additional permits are required.

Who is Issued a Crypto License in the Czech Republic

To obtain a license in the field of cryptocurrency activities in the Czech Republic, the following conditions are necessary:

• registration of a legal entity - with a physical office and authorized capital;
• preparation of constituent documents in accordance with the requirements of the regulator and the acquiring bank;
• presence of directors with education and work experience in the financial sector;
• development of a business plan, description of technical and software tools;
• creation of a risk management system, internal AML/CTF policy.

The package of documents for licensing is provided to the regulator after payment of the state fee.

If you want to open a crypto company in the Czech Republic, contact the specialists at IT-OFFSHORE. We have been working successfully in this direction for a long time. We will help create a company from scratch and obtain a crypto license. It is also possible to purchase a ready-made crypto company in the Czech Republic.