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Reserve Bank of SA issued a directive regarding the issuance of cards and the organization of acquiring within the jurisdiction. Through this directive, certain rules were introduced for those entrepreneurs who intend to obtain such a permit as a system operator license in South Africa, in particular for card issuers, card acquirers and organizations providing…

Brazil’s common payment system – SPB – includes firms, processes and others being associated with clearing and payments mechanisms created for processing of monetary operations in foreign currency and similar assets. According to laws of state, SPB also includes payment establishments and schemes for organizing payments. As in any other jurisdiction, a PSP license in…

If your business delivering services in or from Cyprus falls under the classification of a Crypto Asset Services Provider (further named as “CASP”), in line with the interpretation of the AML/CFT Law, you are subject to compulsory registration with the Securities and Exchange Commission (“CySEC”). If you are a CASP set up in the EU…

Representing Eternity Law International at the IFX Expo Asia in Bangkok, Thailand was truly a rewarding experience. From September 13th to 15th, 2022, we had the privilege of engaging with our esteemed clients and partners, while also forging new connections within the industry. The IFX Expo Asia provided an exceptional platform for networking and knowledge…

Popularity and profits of dealing with digital currency are grounded on their anonymity and decentralized mechanism of action. However, many entrepreneurs and consumers are still suspicious of crypto-currencies, since specific legislative regulative basis and rules have only just begun to be developed in relation to this segment. Governmental bodies of countries are aware of how…

Under its legal and regulative mechanism, FINMA imposed new regulatory changes for asset management and trust firms which, in line with them, are obliged to get licensed. The period for transition to new standards comes to an end in December 2022. To bring clarity, FINMA provided insight into the measures that have been undertaken against…

The establishment of an MSB in Canada requires acquiring a specific license from FINTRAC, a regulatory authority of the country regulating a Canadian financial market. In this overview, we collected the main points regarding money service businesses: authorizations, requirements, the specter of regulation, and due diligence obligations. Overview of the regulatory authority of the Canadian…

FSP Registration in New Zealand In line with the law, a legal entity operating in the New Zealand monetary market can obtain registration as a Financial Service Provider (FSP). When an institution obtains FSP status in New Zealand, it is permitted to carry out the following activities: Portfolio management on behalf of customers; Running a…

Singapore is a singular fusion of West and East. The social infrastructure is influenced by a blend of American, European, and Asian cultures, making it welcoming and alluring to the global business community. Being a former British colony, it has lawful and economic systems similar to those of the US and the UK. Tax Rate…

Singapore has long been a popular choice in terms of conducting business worldwide. Doing business in Singapore is highly sought after due to factors including the quantity of competent labour, the effective and open economy, and the strict protection of intellectual property rights. Singapore may be the ideal location for you if you are thinking…

Instituting an enterprise in Singapore is a tough endeavour. We discuss the methods and help you with creating commerce in Singapore. Why should you prefer Singapore? Numerous global companies select to establish their foundations in Singapore. Traders view Singapore as the perfect place to provide their operations, and many of them use it as a…

An authorized payment institution (API) in the Czech Republic is the perfect solution for pan-European and trans-border payment processing. It facilitates processing payments and money transfers of private individuals, companies, and internet merchants. To ensure the proper operation of such institutions and the protection of customer funds, the EU PSD entered force in 2007 and sets…