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E-Money Institutions in Cyprus (also known as EMI in Cyprus) are entities that licensed to provide financial services to third parties, store their funds on special segregated accounts and issue debit cards. Being more flexible and fast in their operations, EMIs are a great alternative to traditional banks. EMI’s clients can also execute payment transactions…

Surely you have repeatedly wondered what is the difference between stock exchange and exchange. In fact, there are quite a few differences between crypto exchange and stock exchange, in particular, they are structured differently and differ in the principle of interaction with users. The main differences are as follows: Reliability. The marketplace is a large…

Everywhere millions of exchange transactions are carried out constantly via OTC markets. Internet network, as a limitless extent, gives for unimpeded accession. In addition, regardless of geographic boundaries, every trader may act in any of the existing currencies. Within the retail Forex market, speculative operations are widely spreading. Consequently, brokers, banking institutions or other may…

The Forex trading space is a virtual marketplace designed for all products offered in this field. Through vast network of technology providers, liquidity and investment funds, and brokers that the Forex market is, each dealer may safely cooperate and choose the most profitable options for interaction. Advantages and benefits of the Forex market The need…

Malta is at the forefront of e-commerce regulation being one of the first of the EU countries that allowed standalone e-money institutions. This business model is considered to be very efficient since certain amendments to the regulatory regime have been made (for example, decrease of start-up capital to establish an EMI). An E-Money Institution (“EMI”)…

Electronic money institution gives ability to proffer numerous types of financial range services in a wider manner compared to payment establishments operating with paying processing. If EMI got license in one of the EU states, that has a membership in the Union, it opens the way to offer services in rest of the European Union…

This Policy sets forth certain rules regarding the use of blockchain in government transactions that apply to Dubai government authorities, blockchain networks and the private sector. Scope of application This Policy applies to those government authorities in Dubai that want to form a new blockchain network, actively use the blockchain, or become part of an…

IFD and IFR introduced a new system designed to classify investment firms. This system is based on the activities of such companies, on their size, systemic importance in the overall structure and group partnerships. Therefore, the capital adequacy requirements of CIF will be based on the class of the investment company. The following four categories…

The videochat industry is growing rapidly. For many entrepreneurs wishing to open a business in this industry, the actual question is how and where to register such a company. Romania is the world leader in the videochat market, with a regulated videochat activity. In this article, we will analyze the main aspects of a webcam…

PSD2 directive. What is it? PSD2 – Payment Services Directive 2015/2366 is the second payment services directive to replace the first 2007/64 / EC. The Directive on payment services in the internal market was adopted on 25 November 2015 by the European Parliament and the Council. Its provisions are aimed at harmonizing relations in the…

There are many problems that can arise for accountants in practice, and for which accounting standards have not been adopted today. Cryptocurrencies are one example of such difficulties. Due to the fact that at the moment there has not been developed and adopted a common standard according to which accountants could know how to account…

On Tuesday 11 May 2021, the Cyprus National Competent Authority (NCA) CySEC, after conducting a series of advisory events and under the direction of the European Banking Authority (EBA), published Law 98 (I)/2021 regarding the capital adequacy of investment firms and new capital requirements for Cyprus Investment Firms. This law transposes the provisions of Directive…