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Given the rising market demands for electronic money and cash-free transactions across the world, an Electronic Money Institution in Kazakhstan fairly is a tremendous opportunity for businesspersons. To capture a share of the financial market of this jurisdiction, a Kazakhstan EMI License should be obtained by financial service providers. It authorizes entities to issue e-money…

With its outstanding history of financial market operation, Switzerland is one of the leading countries in the domain of asset managing. Asset management companies in Switzerland constitute literally the core pillar of its financial center. Read on to find out the main peculiarities of this industry. Overview of asset managing in the Swiss jurisdiction The…

A standard-setter in the execution of Eurοpean fund regulation, Luxembourg plays a pivotal role in establishing platforms for internatiοnal fund allocation and granting EU retail and institutional clientele access to cross-border investing facilities. The 2nd-largest fund servicing jurisdiction in the world after the US, this is a preferable choice for fund managers and financiers alike,…

The Czech legal framework is harmonized with the EU 4th AML Directive and it sets a number of requirements for crypto companies in the Czech Republic. The amended legislation encompasses a wide variety of crypto-related operations, as it refers to those organizations that sell/buy, maintain or administer cryptocoins or offer other services associated with digital…

The EU executive, the Cοmmission, recognizes the significance of transparency of regulatory and legal regime for blockchain. Fields related to cryptocoins are getting more popular nowadays as the virtual currency market is now being regulated by the law. The EU demonstrates support for established regulative norms for blockchain regulation aiming to prevent legit and regulative…

The EU is at the forefront of an advanced regulatory regime of cryptocoins – updated obligations necessitate that crypto companies should get licensed and oblige stablecoin providers to keep ample reserves as banking institutions do. This is part of a milestone effort to implement EU regulation of stablecoins and control a not completely controlled yet…

There are a few options for how businesspersons-nonresidents may open an investment fund (IF) in Luxembοurg. An alternative investment vehicle is most suitable for private investors looking to create their funds in the country. It has two types: SICΑV and SICΑF. The following is a brief explanation of how to set up a SICAV fund…

Several time ago, certain amendments and additions were made to legislative basis regulating payment mechanisms in Czech. Provisions of Law 370/2017 demonstrates new duties regarding firms with status of e-money operators or issuers. These points have become a supplementation to already acting rules adopted at the level of local legislation and EU Directives norms having…

As specified in the findings of Ernst Young’s (EY) latest survey on foreign direct investment destinations, Portugal is included in the top ten countries in the EU. This survey showed that 50% of the investors think Portugal will achieve more investment attractiveness in 3 coming years and 37% of the investors are seeking to broaden…

The entities operating in the FinTech domain are progressively setting up in the Czechia – an EU state with a strong economy and blockchain-friendly environment. Here crypto assets are regarded as an economic good or commodity rather than a standard unit of value of a currency. Although it is not a formal means of payment,…

Since the FinTech sector is getting more popular, many people are curious to what extent cryptocoins and related products are legal and usable. The brief answer is yes, buying and selling them is legal, however, Canada does not consider them legal tender. As this status often leads to misunderstandings, let’s take a look at the…

The most widely applied licenses for the UK firms engaged in the FinTech sector are the two non-banking PSP authorizations: PI License and EMI license. They both give authorizations to engage in the delivery of the main monetary services that allow servicing a wide range of businesses. Thus, businesspersons may hesitate between the EMI and the…