News | Page 77

Cyprus is a profitable territory for conducting business in the field of monetary services. A favor provider may give payment favors provided that they have obtained a PI permission from the bank of Cyprus. That is, the enrollment of such a company in Cyprus clearly requires a permission for this type of activity. The CBC…

Malta is a convenient lawfullment to set up payment institutions. Remittance structures can create business, which would be based on the providing of electronic banking services. To perform such activities, it is necessary to enroll a company and obtain a payment institution license in Malta. If you want to set-up a company that issues electronic…

Today, Ireland is home to a significant number of PI, some of which are self-established, while others have been attracted to Ireland by the active and successful Fintech sector. This article provides info for business-companies considering applying for payment institution registration. Irish bank is the competent authority for the enrollment and supervision of PI under…

Czech is a rapidly growing central European state in the EU. The activities of payment institutions require obtaining an appropriate license. One of the jurisdictions where it can be reached is the Czech Republic. Recently, it has attracted many fintech projects. In addition, a license obtained in the country applies to the entire area of…

Acquiring a business in Great Britain is advantageous, perspective and prestigious. UK law provides for the possibility of creating an organization in the country with a permission to conduct financial activities from the FCA. The procedure for organizing a business allows you to create a profitable project dealing with electronic currencies in less than 1…

If you want to deal with money transfers, payment-processing, attracting merchants, initiating payment-operations or opening accounts, today we’ll get closer to how to quickly obtain a permit such as a PI license in Latvia. First step: apply for payment-institution license in Latvia  – this is done at Latvian Bank. Such a permission provides enterprises involved…

Operation of local payment-companies is monitored at the legislative level. There are special laws and directives (PIEIA and PSD2) specifying the norms for firms operating in field of payment-services. PSD2 is applied to banking-institutions, construction firms, payment-companies, e-money firms and their customers. PI license in Estonia is released by a special regulator – EFSA. Such…

Today we will talk about a state that 2 years ago regulated the procedure of getting an AEMI permission. Businessmen who have decided to operate in this area and want to obtain a license for a remittance system in the country will now be able to remotely register accounts for their clients. A license for…

Acquiring an Authorised e-money license in Malta in Malta is an opportunity to start financial actions in a country that is part of the EU. Following recent amendments that lowered capital demands, Malta has become one of the most popular lawfullment for those wishing to open a virtual money establishment in the EU. Classified as…

In Thailand, sphere of cryptographic-currencies is quite developed. There’re many tools helping in purchasing, vending and trading digital money. But crypto regulation in Thailand is quite strict. Main aspects of regulation on digital-asset license in Thailand In accordance with Thailand and cryptocurrency regulation, cryptographic monetary means in this country isn’t currency. These’re digital-assets being able…

On June 24, 2022, jurisdiction governmental authorities released Anti-Money-Laundering and Terrorist-Financing (AML/FT) Order; it established licensing and regulatory norms demanding to possess VASP license in Hong Kong. Let us consider it in more detail and find out how it affects firms operating in this industry. The draft law amended the AML and CFT Order, main…

Forex-license grants official rights to its holder to act as a participant in Forex-market and offer a list of relevant services to clients. Great Britain is one of progressive European countries that adopted Forex-activities and where one of the first spaces began to operate Forex-trading. The UK has a loyal, however, at the same time,…