Until recently, any crypto-currencies were not listed on these islands, but in light of the rapid development of the crypto-industry around the world, now this jurisdiction has become one of the most promising and popular places for obtaining a crypto-license. Below we will look at the main aspects of crypto-regulation and the procedure for obtaining…
In the dynamic monetary field of Singapore, achieving an Electronic Money Institution (EMI) permission is a pivotal step for enterprises aiming to operate in the digital payments sector. This comprehensive article explores the intricacies of acquiring an EMI permission in Singapore, including the adjustment substructure, application process, operational conditions, and strategic considerations for accordance and…
Malaysia is one of the first countries to introduce cryptographic regulation policies. Under such policy, crypto-currencies are classified as securities, and according to Minister of Finance, the Malaysian governmental authorities believe that crypto-currencies and blockchain-technologies have tremendous potential to stimulate economic progress. It is believed that digital assets and their underlying blockchain technology can help…
The Dubai Worldwide Financial Centre (DIFC) is a pivotal hub for global finance in the Middle East, providing a sophisticated and business-friendly circumstances designed to facilitate growth and invention in the economic sector. As one of the world’s premier monetary free zones, DIFC supplies a unique adjustment and legal substructure, attracting a broad array of…
Overview An Australian Financial Services License (AFSL) licensed company for sale, established in 2004 and holding a credit license, is available for sale. This company is authorized to conduct comprehensive financial services and is perfectly suited for immediate operational commencement. Company Details Registration Year: 2004 Bank Account: Maintained with St. George Bank Support: Assistance with…
Overview This Securities Dealer licensed company for sale in Seychelles and registered in 2023, is currently available for sale. It operates under full compliance with local regulations, presenting a clean and streamlined opportunity for immediate operational takeover. Company Details Location: Seychelles Registration Year: 2023 License Type: Securities Dealer License Staffing and Infrastructure Staff Composition: The…
This is a new investment opportunity – AFSL license in Australia for sale. Please check out the main details regarding this proposal below. AFSL license in Australia for sale: key considerations Active company licensed by Australian Securities & Investments Commission (ASIC) in 2023; Allowed activities (financial product advice, deal in a financial product, custodial or…
Corporate Overview Establishment Year: 2018 Capital Structure: CHF 100,000 Licensing: Licensed as a Portfolio management company in Geneva for sale by FINMA in 2022; previously operated under SRO status. Business Operations of Portfolio management company in Switzerland for sale Core Activities: Specializes in providing financial advice and asset management services. Additional Capabilities: Authorized to establish…
Zurich
+41 435 50 73 23Kyiv
+38 094 712 03 54London
+44 203 868 34 37Tallinn
+372 880 41 85Vilnius
+370 52 11 14 32New York
+1 (888) 647 05 40New Fintech legislation in Ukraine outlined fundamentals of functioning and regulation of modern fin-technologies, particularly, circulation and usage of e-money, payment mechanisms and virtual currencies within Ukraine. Legal provisions provide greater safety and higher effectiveness of financial services offered in country, particularly, for every company with financial license. Ukrainian legislators harmonized new Law with updated EU norms regulating payments fields, and with provisions on control of digital money circulation, which regulate all e-payments that are made within the European Union.
Ukrainians will possess opportunities to choose not a specific service provider with entire services package: actual services themselves from various providers – in a way that is convenient for the client. It is worth noting that the law itself will not bring all these changes with a wave of the hand. Ahead is the path of developing and standardizing open APIs, adapting internal processes, and developing best practices. It’s essential to understand that the changes will not be instantaneous, but over time they will qualitatively change our interaction with banks.
The circle of firms-providers of fiscal services was somewhat extended, in addition, their activities were clearly identified and a list of permitted transactions was given. Particularly, the law distinguishes next-mentioned categories:
The law concerns the conditions for introducing e-banking concepts in Ukraine; it changes the very principles of access to settlements. Consequently, the client will no longer be tied to a specific bank and its mobile application – a completely new field of competition appears. Soon, the client’ll be able, as before, to use one bank services where his/her account is opened, but the interface and even e-payment instrument can be chosen separately – among the offers available on market.
Law introduced new activities for financial companies in Ukraine.
Provisions of this bill say that National Bank should form a separate sector for checking modernized payment technological developments and remedies with implementation of modern mechanisms. After checking is over, participants in this sector can obtain appropriate permission and continue their working. Law also gives for a period of two years: new firms are subject to simplified demands and regulations, in particular, a less stringent registration procedure.
Via adoption of a new legislative framework, a more reliable, secure and modern legal basis for FinTech organizations in Ukraine is being created. It improves the level of operation of national FinTech regulative frame. Thus, greater horizons are opened up for company in Ukraine for sale in such niche, particularly, by expanding scope of modernized developments that will now become accessible to Ukrainian consumers.
If you have any questions regarding Fintech in Ukraine, please contact our specialists. We have many years of expertise of working with different types of businesses in more than a hundred jurisdictions. Our experts will help you choose Fintech companies for sale, and provide comprehensive professional support at every stage of the transaction.
You can see our current offers in the categories “Cryptocoins and licensing of cryptocurrency operations”, “Ready-made companies”, “Banks for sale” and “Licenses for sale”.
The international company Eternity Law International provides professional services in the field of international consulting, auditing services, legal and tax services.