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A central bank digital currency or, shortly, CBDC is explained as a virtual asset that is backed and issued by central banks. As cryptocoins and stablecoins have obtained boosted engrossment from holders, monetary authorities across the globe have decided to create a substitute to physical money or risk missing out on the future of funds….

Recently, the cross-party group of UK parliamentarians (ΑPPG) made a notification that it will kickstart a new crypto asset inquiry scrutinizing the cryptocoin and virtual asset field. The statement encompassed detailed description about the initiative’s plan of action and how stakeholders can take part in the process. Overview of the crypto asset inquiry in the United Kingdom By…

Adopting the bill in the 2nd reading, the Ukrainian Parliamentarians has efficiently launched the process of legalization of the national crypto-asset market, which had previously operated outside the law due to the lack of appropriate regulative mechanisms. By recognizing cryptocoins, crypto exchanges and other VASPs are eligible to form business relationships with banking institutions. Generally,…

Aiming to merge its digital financial sector with the EU, Ukraine is expanding its blοckchain collaborations with other jurisdictions: as recently informed by authorities, Ukraine joins the European Blockchain Partnership in June 2022. A 3rd non-EU nation to obtain a membership in EBP Ukraine has now a new status of the 3rd nation outside the…

With more flexible mechanisms if compared to trusts, charitable or non-profit organizations are getting more and more approval because of their reduced costs, lenient regulative mechanisms, beneficial taxes, and strong security. Many individuals seeking for a structure to keep assets decide on trusts, and it’s particularly the case in Anglo-American legal systems. But private foundations setup,…

FX space in Brazil is as accessible to businesspersons as possible. Despite the fact that until 2005 this sphere did not have a development, now, the government has changed its opinion and Forex trade contributes in every possible way. In order to conduct officially allowed and regulated deals here, organizations need Forex broker license in…

Considering largest enterprises in the CIS and the European space, it can be revealed that the majority of them are owned by foreign investors. Simultaneously, bulk of such organizations are located in Luxembourg, Holland, Switzerland, and also in Cyprus. This means that for certain reasons, at some stages of fulfilling commercial activities, the owners of…

Legal persons in China have special limited legal capacity. Unlike other European countries, where commercial structures have rights to perform any activity and carry out all required transactions, in China direction of work is clearly indicated in Statute and enterprise’s operational certificate. However, business establishment in China is promising and lucrative as it is a…

Getting a Belize Forex brokerage license gives brokerage firms possibilities to be officially present on the market, operate as a regulated party and hold client funds. But all business-activities of each company are subject to stringent regulations, which will have to be supported by appropriate reports sent to a special authority. Belize is suitable as…

In comparison with other offshores, Bahamas have a fixed, step-by-step procedure of getting activities permission. FX firms who want to work in stable and reliable environment often choose this particular state. Forex license in Bahamas is a permit giving an entrepreneur access to a stable market, the privileges and possibilities of which we will list…

In Cypriot jurisdiction, highly popular mechanisms for investors are firms dealing with finances. Here, a local financial institution principally engaged in holding, managing and investing securities (shortly, CIF) falls under mandatory supervision executed by CySΕC. This is enforceable in line with terms stipulated by Law 87(I)/2017 referring the delivery of services in terms of investing,…

New Zealand is a preferable business center for FSPs (financial services providers), since it features many benefits over other countries, ensuring low operational expenses and confidence to clients on board. To conduct its activity, New Zealand FSP is obliged to apply for official permission for operation. Main peculiarities of FSP license The status of New…