I currently have an exchange that is doing well and now I want to apply for a digital currency exchange license. What are the requirements?

The license of the digital currency trading industry generally refers to the operating license in a certain country or local area, but it also involves related securities, banking, and fund licenses. The issuer of the digital currency trading license is generally the central bank of the country. , financial regulatory agencies, and of course the participation of the legal department is also very important. There are also large differences in license application standards in various countries, but exchanges generally need to prepare materials according to local business registration conditions and license application standards.

Digital currency exchange license

Digital currency bank license

Digital currency financial license

There are still many countries that do not have relevant statutory licenses , but the cost is still low through other legal channels. For example, in Singapore, you only need to register a non-profit foundation and a legal opinion issued by a professional lawyer, and you can legally operate an exchange or issue virtual tokens, such as Bytom, Litecoin and even the well-known wallet imtoken have chosen Singapore to land. After all, it is one of the four developed countries in Asia and its national policies are also very stable.

I won’t talk about the countries where you can apply for licenses. Let’s talk about how Singapore, which does not have a relevant digital token license, operates exchanges and ICO currency issuance:

How to use it Singapore non-profits issue virtual currencies on exchanges

There are three types of non-profit organizations in Singapore:

1. Public companies limited by guarantee

2. Societies

3. Charitable trusts

At present, the main entities of blockchain projects are all implemented in Singapore in the first form, which is what the circle calls Singapore non-foundation.