Crypto Licenses Outside the EU in 2026: An Overview of Jurisdictions

Why Crypto Businesses Are Looking Beyond the European Union

As of 2026, entrepreneurs planning to launch cryptocurrency exchanges, exchange services, custodial platforms, or other digital asset projects are looking beyond the European market. Countries in Asia, Latin America, the Middle East, and various island nations offer diverse regulatory models forthe crypto industry.

The choice of jurisdiction depends on factors such as the target audience, access to banking and payment services, capital requirements, the need for local management, and licensing timelines. It is important to note that simply registering a company does not grant the right to provide regulated cryptocurrency services; in many countries, a separate authorization is required.

Asia: Singapore and Hong Kong

Singapore attracts crypto companies with its sophisticated financial infrastructure and clear regulatory framework. Providers of digital token services may need to obtain a license from the Monetary Authority of Singapore (MAS). The regulator evaluates the business model, corporate governance, internal controls, cybersecurity, and compliance with anti-money laundering (AML) requirements.

Hong Kong is developing its own oversight system for the cryptocurrency market. Operators of centralized trading platforms that fall under the relevant regulations must obtain authorization from the Securities and Futures Commission (SFC). Additional requirements may apply regarding the custody of client assets, investor protection, and information security.

Both jurisdictions are well-suited for projects targeting institutional clients and international financial markets, though they require significant preparation for the licensing process.

Latin America: Brazil and El Salvador

Brazil is establishing a regulated environment for virtual asset service providers. Companies must take into account legislation regarding financial monitoring, customer identification requirements, and applicable licensing rules. Before entering a market, it is essential to verify which permits are required for a specific business model and which regulations are currently in effect.

El Salvador is known for its legal framework governing digital asset activities. Depending on the project, a Digital Asset Service Provider (DASP) license or other legally mandated status may be required. Requirements vary for intermediaries, platforms, and participants dealing with specific categories of digital assets.

For entrepreneurs, the region may be attractive due to the growth of digital financial services and the potential for accessing Latin American markets.

Other regions: The UAE and the Seychelles

The UAE offers several regulatory regimes, depending on the emirate and the specific territory. In Dubai, the Virtual Assets Regulatory Authority (VARA) is the governing body, while the DIFC and ADGM financial free zones operate under their own distinct regulatory systems. Therefore, before registering, it is necessary to determine which authority is empowered to issue a permit for a particular type of activity.

The Seychelles is also developing its regulatory framework for virtual asset service providers. Companies should review the applicable requirements regarding licensing, ownership, management, internal controls, and the prevention of financial crime.

Choosing a jurisdiction for a crypto project

When comparing countries, it is important to evaluate not only regulatory requirements but also the feasibility of opening a corporate bank account, integrating payment providers, serving target markets, and adhering to international compliance standards. Low initial requirements do not always guarantee an easy banking setup or the long-term operational stability of a project.

Crypto business support with IT-OFFSHORE

IT-OFFSHORE assists entrepreneurs in selecting jurisdictions for international business, registering companies, preparing corporate documentation, and providing support for licensing projects. The company’s specialists provide consulting on structuring cryptocurrency businesses, navigating regulatory requirements, and preparing for compliance audits, helping to determine the most suitable approach for launching a project outside the European Union.