Entrepreneurs who wish to obtain such a permit as a crypto license in Sweden may establish a company locally and make use of all benefits and privileges that blockchain technologies industry provides. To make establishment of Swedish cryptocurrency firms carefree and correct, we recommend that you contact specialists who know all the features of the local legislative basis and have professional experience in this field.
Operations and deals connected with cryptocoins are legal there, nevertheless, as local law says, crypto-currencies aren’t considered payment means. From taxation points, crypto-currencies are listed as assets, not as currencies or cash. Cryptomining is carried out according to the rules that are put forward by the local regulator issuing licenses for crypto-currency operations.
As stated in Swedish Crypto Exchange Act, firms posessing Sweden cryptocurrency exchange license follow money illegal circulation prevention and counter-terrorism laws and norms. Additionally, cryptofirms are required to follow Know Your Customer rules, which requires intermediaries to receive user data prior to transfers.
New modifications to crypto regulation in Sweden have extended SCEA scopes by adding custodial wallet providers and digital mens exchanges to its scope. Changes to SCEA determine official definitions of firms engaged in such deals. In particular, custodial wallet companies are “firms spreading services of private crypto-keys security on behalf of clients, and for the e-money storage and passing”; exchanges providers are “firms offering exchanges of cryptocoins and monetary means, electronic funds or digital assets.”
Obtaining permission for virtual currencies in Sweden needs to establish an enterprise; in most cases, businesspersons choose LLC. Below are the highlights regarding the legal forms of corporations available in Sweden.
The company dealing with crypto in Sweden must have a correctly drawn up and certified memorandum of association and articles of association. The LLC needs to have an office in Sweden; online form is allowed.
Organization holding crypto exchange license in Sweden must be subject to next-mentioned general tax clauses:
Sweden is one of the most advanced countries in terms of adoption, dissemination and extension of digital developments. If you want to get cryptolicense in Sweden, we will help you avoid unnecessary difficulties and save money, which you can later use to grow your project. We also have an extensive list of ready-made companies for sale in hundreds of states. Contact us right now.
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