Knowledge
Contracts Without Surprises: A Simple Checklist for Everyone
In this article, we’ve compiled a basic checklist of essential points to review in any contract and highlighted common legal “traps” to help you avoid unpleasant surprises. This is a practical guide for those who want to feel confident in their decisions. A Basic Checklist of Points to Review To avoid mistakes when signing contracts,…
Cryptocurrency in Ukraine: How Law № 2074-IX could change the “rules of the game”
In this article Manimama lawyers describe the current state of cryptocurrency regulation in Ukraine, focusing on the adoption and implications of Law № 2074-IX “On Virtual Assets.” It highlights the challenges of implementing this law, its potential impact on the cryptocurrency market, and the legal and practical issues that still leave the sector largely unregulated….
Сompany registration in Saint Kitts and Nevis: Legal aspects and advice
If you plan to start a business in the Caribbean region, Saint Kitts and Nevis is an excellent choice for registering your company. The Manimama team has conducted in-depth research, analyzed the main subtleties of incorporating in Saint Kitts and Nevis, and is ready to share its results and help you choose the right jurisdiction. …
Сompany registration in Panama: Legal aspects and advice
If you plan to start a business in Central America, Panama is an excellent choice for registering your company. The Manimama team has conducted in-depth research, analyzed the main subtleties of incorporating in Panama, and is ready to share its results and help you choose the right jurisdiction. What are the main advantages of incorporating…
Practical Case: How Manimama Law Firm Helps Businesses Register a Company in Greece
In this article, we will outline how Manimama Law Firm successfully supports the company registration process in Greece. We will examine the key challenges, legal requirements, and practical solutions that help our clients efficiently establish their businesses in this jurisdiction. Client Requests and Major Challenges The primary requests from our clients are fairly standard: company…
Google vs. Lawyer: Why Free Advice Can Cost You More
So, what’s the better choice—free advice from a search engine or expert guidance from a lawyer? Let’s break it down. Google & the Law: Why You Shouldn’t Blindly Trust Online Legal Advice Regarding legal matters, Google can be—let’s put it mildly—deceptive. At first glance, searching for answers online seems like a brilliant idea: quick, free,…
A Lawyer in the Real World: How Practice Changes Perception
When Perceptions of the Legal Profession Change: Real Stories from Lawyers Legal practice is always more than just learning the law. What seemed clear during my student years often collided with the reality of handling the first real cases. Some discoveries come gradually—as experience allows you to see more nuances. Others happen suddenly—situations that completely…
Сompany registration in the Grenada: Legal aspects and advice
If you plan to start a business in the Caribbean region, Grenada is an excellent choice for registering your company. The Manimama team has conducted in-depth research, analyzed the main subtleties of incorporating in Grenada, and is ready to share its results and help you choose the right jurisdiction. What are the main advantages of…
Сompany registration in Florida (USA): Legal aspects and advice
If you plan to start a business in America, Florida (USA) is an excellent choice for registering your company. The Manimama team has conducted in-depth research, analyzed the main subtleties of incorporating in Florida (USA), and is ready to share its results and help you choose the right jurisdiction. What are the main advantages of…
Regulation on the crypto-asset market in Turkey
How the Turkish Crypto-Asset Market is Regulated Turkish legislation on crypto-assets is fragmented and comprises several acts: These regulatory acts govern the Turkish cryptocurrency market, establish requirements for financial security, protect consumer rights, and prevent crypto-related crimes. Market Growth Despite the Ban Since 2021, Turkish banks have been prohibited from using cryptocurrencies in payments, either…
Lawyers of the Future: How Continuous Learning Shapes a Successful Career
New Skills – New Opportunities: How Learning Transforms a Legal Career Legal practice is not just about knowing the law—it is about adapting to new challenges, quickly absorbing information, and applying it effectively. A Modern lawyer is more than an expert in their field; they are also communicators, researchers, and strategists. The best proof of…
Why Participating in Professional Conferences Positively Impacts a Lawyer’s Growth
A Chance to Understand Modern Trends Artem highlighted that what impressed him the most during his recent participation in a conference was the scale of Ukraine’s crypto community and the rapid growth of innovative projects. These events provide lawyers with the opportunity to understand how the industry is evolving, which challenges require attention, and what…
VASP regulation in Bolivia
The law regulating the activities of VASPs In March 2024, a draft law “Bitcoin Regulation Law in Bolivia” was published Resolución de Directorio N°082/2024 VASP regulator Financial System Supervisory Authority (“ASFI”) Activities included in VASP services The recently approved regulations allow banks to transact in cryptocurrencies via approved electronic channels. However, the central bank clarified…
Сompany registration in Delaware (USA): Legal aspects and advice
If you plan to start a business in the Mid-Atlantic region, Delaware (USA) is an excellent choice for registering your company. The Manimama team has conducted in-depth research, analyzed the main subtleties of incorporating in Delaware (USA), and is ready to share its results and help you choose the right jurisdiction. What are the main…
MiCA Implementation Update in Romania: Current Status and Outlook
As a European Union member, Romania is required to implement EU regulations concerning digital assets, with MiCA being one of the most crucial legal frameworks. MiCA aims to ensure a coherent regulatory approach for crypto-assets across all EU member states, addressing investor protection, market integrity, and financial stability in the rapidly evolving digital asset market….
The Spirit of Teamwork at Manimama Law Firm: How Our Atmosphere Inspires and Unites Us
How Would You Describe the Atmosphere at Manimama in Three Words? The atmosphere at Manimama is filled with energy, cooperation, and professionalism—not just words, but genuine principles that guide our work. Energy is what fuels each of us at every stage of our work. As Yevheniia Ukolova, BizDev Lawyer, notes, “Our team is always brimming…
VASP regulation in Ecuador
The law regulating the activities of VASPs There is a resolution of the Director General of the Ecuador’s Financial and Economic Analysis Unit (UAFE) VASP regulator According to the Resolution: Ecuador’s Financial and Economic Analysis Unit (UAFE) Activities included in VASP services In accordance with Article 2 of the Resolution: 1. Exchange between virtual assets…
Сompany registration in the Curaçao: Legal aspects and advice
If you plan to start a business in the Caribbean region, Curaçao is an excellent choice for registering your company. The Manimama team has conducted in-depth research, analyzed the main subtleties of incorporating in Curaçao, and is ready to share its results and help you choose the right jurisdiction. What are the main advantages of…
What to Expect in Cryptocurrency Regulation After Trump’s Inauguration: A Lawyer’s Perspective
Changes to Cryptocurrency Accounting Rules Immediately following the inauguration, the Trump administration plans to issue executive orders to revise existing cryptocurrency regulations. One of the expected changes is the repeal of requirements forcing banks to classify digital assets as liabilities on their balance sheets, which has previously hindered institutional adoption of cryptocurrencies. What does this…
Сompany registration in the Costa Rica: Legal aspects and advice
If you plan to start a business in Central America, Costa Rica is an excellent choice for registering your company. The Manimama team has conducted in-depth research, analyzed the main subtleties of incorporating in Costa Rica, and is ready to share its results and help you choose the right jurisdiction. What are the main advantages…
A Lawyer in the Era of Digital Transformation: How Technology Are Reshaping Legal Services
Digital Platforms for Legal Services: Accessibility at Your Fingertips Gone are the days of lengthy searches for a lawyer, in-person meetings, and piles of paperwork. Today, all it takes is accessing a digital platform to resolve your legal issue in just a few minutes. The advancement of technology has automated routine processes, simplified communication, and…
FinmadiG and MiCA: New horizons for crypto assets in Germany
What Does FinmadiG Change? FinmadiG introduces the Kryptomärkteaufsichtsgesetz (“KMAG”) — the Crypto Markets Supervision Act—and amends more than 20 regulatory acts. According to the government, this consolidated approach simplifies legislation and administration by aligning German law with several critical European Union (EU) frameworks. Through harmonization with the European Union MiCA, the European crypto-asset market becomes…
What Do Lawyers Read? Book Recommendations for Professional and Personal Growth
Legal Literature: Where to Start? For lawyers, possessing deep expertise in law is crucial. However, it so is continuously expanding one’s worldview by drawing inspiration from books about business, psychology, and personal development. Our colleagues have shared their recommended reads that they believe should become an integral part of every modern lawyer’s library. Books on…
The Legal Foundation of a Startup: How to Protect Your Business and Grow with Confidence Part 2
How to Properly Prepare Legal Documents for a Startup Entering International Markets Expanding to international markets offers exciting startup opportunities and requires meticulous legal preparation. The first step is to register your business in the appropriate jurisdiction. For instance, startups targeting the European market often register a company in the United Kingdom as a Private…
VASP regulation in Paraguay
The law regulating the activities of VASPs There is no special legislation, only a draft law that was eventually vetoed VASP regulator 1. Ministry of Industry and Trade of Paraguay (MIC) 2. National Securities Commission (CNV) 3. Secretariat for the Prevention of Money and Property Laundering (SEPRELAD) Activities included in VASP services According to Article…
Сompany registration in Bermuda: Legal aspects and advice
If you plan to start a business in the Caribbean region, Bermuda is an excellent choice for registering your company. The Manimama team has conducted in-depth research, analyzed the main subtleties of incorporating in Bermuda, and is ready to share its results and help you choose the right jurisdiction. What are the main advantages of…
Can AI Replace Lawyers? Advantages, Risks, and the Future of the Legal Profession
In this article, we will explore the advantages and risks of using AI in the legal field and attempt to answer the question: Can artificial intelligence truly serve as a full-fledged alternative to lawyers? Advantages of AI in the Legal Field AI offers several key advantages in the legal domain, including: Accelerating Document Analysis Legal…
Activities of third countries within the EU under the MiCA
Almost immediately after the adoption of the MiCA at the EU level, crypto law experts became interested in determining the territorial scope of the MiCA, namely, whether the activities of companies providing cryptocurrency services in third countries, i.e. countries outside the European Union, fall under the regulation of this Regulation. It would seem that article…
The Legal Foundation of a Startup: How to Protect Your Business and Grow with Confidence. Part 1
Why should you have a lawyer on retainer, even in the early stages of your startup? Startups often focus on ideas, products, and marketing while overlooking the importance of a strong legal foundation. However, even minor legal mistakes can lead to significant costs. Having a lawyer on retainer is your guarantee of safety and stability….
Legal Glossary for Crypto Business: 10 Terms You Need to Know
1. Token A digital asset that can represent ownership rights, access to services, or other values within a blockchain network. A token can be anything: from a concert ticket to a share in a startup. Just don’t confuse it with candies! 2. Fiat No, it’s not a car. It’s regular money that hasn’t been turned…
VASP regulation in Venezuela
The law regulating the activities of VASPs VASP regulator SUNACRIP Activities included in VASP services There are different types of licences depending on the activity the entity intends to carry out. Activities related – either directly or by connection – to cryptoassets are subject to prior authorisation, and individuals and corporations conducting them are subject…
Сompany registration in the Cayman Islands: Legal aspects and advice
If you plan to start a business in the Caribbean region, the Cayman Islands is an excellent choice for registering your company. The Manimama team has conducted in-depth research, analyzed the main subtleties of incorporating in the Cayman Islands, and is ready to share its results and help you choose the right jurisdiction. What are…
With a Touch of Humor: Manimama Lawyers about Their Daily Life, Challenges, and Superpowers
What is the most absurd or funny question you have ever been asked about your job as a lawyer, and how did you answer it? One of the funniest questions I have ever heard in my legal career was, “Do you know all the laws in the world?” At first, I explained that lawyers do…
VASP regulation in Uruguay
The law regulating the activities of VASPs VASP regulator The Central Bank of Uruguay (CBU) through the Superintendence of Financial Services (SSF) Activities included in VASP services In accordance with clause 6.2.2 of the Conceptual Framework: VASP registration procedure for a local company According to clause 8.4.1, 8.4.2 of the Conceptual Framework: Entities currently regulated…
The Legal Team and Music: The Playlist that Inspires
What Song or Genre Helps You Focus or Get Into a Productive Work Mode? “I don’t have a favorite music genre or song for work,” admits Valerii Katurha, Senior Lawyer at Manimama Law Firm. His musical tastes are so diverse that it’s hard to limit himself to just one style. Depending on his mood and…
Gambling Market in Africa
Most active gambling markets in Africa The African gambling landscape varies significantly from country to country, with some nations experiencing much more activity than others. South Africa is the largest gambling market on the continent, contributing more than 40-50% of the total gambling revenue in Africa. The country’s gambling industry is valued at approximately ZAR…
Сompany registration in the Belize: Legal aspects and advice
If you plan to start a business in Central America, Belize is an excellent choice for registering your company. The Manimama team has conducted in-depth research, analyzed the main subtleties of incorporating in Belize, and is ready to share its results and help you choose the right jurisdiction. What are the main advantages of incorporating…
Сompany registration in the Bahamas: Legal aspects and advice
If you plan to start a business in the Caribbean region, the Bahamas is an excellent choice for registering your company. The Manimama team has conducted in-depth research, analyzed the main subtleties of incorporating in the Bahamas, and is ready to share its results and help you choose the right jurisdiction. What are the main…
What is the GDPR and why is it important for your business?
The GDPR aims to ensure that the rights of individuals are adequately protected when their personal data is processed. Its provisions cover both the private sector and a significant part of the public sector. At the same time, the processing of information for law enforcement purposes is regulated by a separate piece of legislation –…
Сompany registration in Aruba: Legal aspects and advice
If you plan to start a business in the Caribbean region, Aruba is an excellent choice for registering your company. The Manimama team has conducted in-depth research, analyzed the main subtleties of incorporating in Aruba, and is ready to share its results and help you choose the right jurisdiction. What are the main advantages of…
Talents Beyond the Office: What Manimama Employees Do in Their Free Time
What excites you most outside of work, and how does it impact your mood or productivity? “Outside work, I’m most inspired by walks in the fresh air and listening to my favorite music. Every walk is an opportunity to step away from the hustle and bustle of work, inhale the scent of nature, and organize…
Challenges and Achievements: How the Manimama Law Firm Team Overcomes Difficulties
Ready to be inspired by their experience? Then read on! The First Steps in a Legal Career: Challenges and Lessons I still remember my first challenges, – shares lawyer Taras Kaliandruk. There were two of them, and they are typical for anyone just starting. The first challenge was the language barrier. The job required constant…
VASP regulation in Peru
The law regulating the activities of VASPs Congress proposal N° 1042-2021-CR VASP regulator 1. Superintendency of Banking, Insurance, and Pension Fund Administrators “SBS”. 2. Superintendency of Securities Market “SMV”. Activities included in VASP services VASP registration procedure for a local company 1. Registration in Peru either as a local company or as a branch from…
Сompany registration in Antigua and Barbuda: Legal aspects and advice
If you plan to start a business in the Caribbean region, Antigua and Barbuda is an excellent choice for registering your company. The Manimama team has conducted in-depth research, analyzed the main subtleties of incorporating in Antigua and Barbuda, and is ready to share its results and help you choose the right jurisdiction. What are…
Сompany registration in Anguilla: Legal aspects and advice
If you plan to start a business in the Caribbean region, Anguilla is an excellent choice for registering your company. The Manimama team has conducted in-depth research, analyzed the main subtleties of incorporating in Anguilla, and is ready to share its results and help you choose the right jurisdiction. What are the main advantages of…
BTC at $100,000: A New Reality – Succeed with Manimama Law Firm and Burvix Traders
Some might think it’s too late to join the cryptocurrency market, assuming the best days for investment are long gone, back when Bitcoin was much cheaper. However, with Burvix Traders, timing is not an issue. We provide innovative solutions for those looking to succeed in the crypto market—our platform enables you to monetize market fluctuations,…
Tokenization of employees’ time as a new aspect of blockchain technology: features and challenges
Moreover, the procedures and schemes for transferring assets to the decentralized register, developed by numerous companies, are already well-established practices of communication between business entities and effective means of attracting investment. For instance, real estate tokenization by transforming property rights into digital tokens makes it possible to become an investor with $100 in equity, regardless…
The Path to Real Estate Tokenization: Exploring New Investment Horizons with Manimama and Binaryx
With the Binaryx platform and expert legal support from Manimama, the process becomes innovative and secure. In this article, we will explore: This material will help you understand how tokenization opens the door to new investment possibilities and show how proper preparation can maximize the benefits of this cutting-edge approach. Ready for change? Keep reading!…
Partner Program for Agents and Law Companies by Manimama Law Firm
Why Partner with Us? Our program is founded on professionalism, trust, and a personalized approach to every customer. We are committed to providing you and your clients with the highest quality service. Here’s why we deserve your trust: 1. Free initial consultation for your customers We understand how important it is for clients to gain…
VASP regulation in Cuba
The law regulating the activities of VASPs RESOLUCIÓN 215/2021 RESOLUCIÓN 89/2022 VASP regulator Central Bank of Cuba (“BCC”) Activities included in VASP services Licenses for cryptocurrencies in Cuba are given to firms or individuals involved in next-mentioned commercial activities: – crypto exchange transactions for fiat, where cryptocoins have status of legal tender; – cryptocurrencies exchange…
Сompany registration in Switzerland: Legal aspects and advice
If you plan to start a business in Europe, Switzerland is an excellent choice for registering your company. The Manimama team has conducted in-depth research, analyzed the main subtleties of incorporating in Switzerland, and is ready to share its results and help you choose the right jurisdiction. What are the main advantages of incorporating a…
Сompany registration in Sweden: Legal aspects and advice
If you plan to start a business in Europe, Sweden is an excellent choice for registering your company. The Manimama team has conducted in-depth research, analyzed the main subtleties of incorporating in Sweden, and is ready to share its results and help you choose the right jurisdiction. What are the main advantages of incorporating a…
Implementation of the MiCA regulation in Slovenia: groundbreaking steps for cryptoregulation
Key Requirements Under MiCA for CASPs With MiCA’s implementation, CASPs in Slovenia and beyond will need to meet several critical requirements to remain compliant. These rules aim to foster a more transparent, secure, and reliable crypto market, ensuring that service providers uphold the highest standards of security and professionalism. All of these rules are written…
VASP regulation in Puerto Rico
The law regulating the activities of VASPs Act 273 on regulation of the International Financial Center VASP regulator Office of the Commissioner of Financial Institutions “OCFI” Activities included in VASP services The OCFI can authorize any activities unless the VASP: 1. Offer services to domestic persons. 2. Operate as an exchange office of e-currency and…
Legal Resilience: How We Helped a Client Launch a Business in the EU
In this article, we will review a standard case for our incorporation department — the opening of a corporate account on a cryptocurrency exchange. Although this process is routine for us, this time it took more than three months, which is unusual for such operations. Compliance specifics On one side, we had the well-known cryptocurrency…
Сompany registration in Spain: Legal aspects and advice
If you plan to start a business in Europe, Spain is an excellent choice for registering your company. The Manimama team has conducted in-depth research, analyzed the main subtleties of incorporating in Spain, and is ready to share its results and help you choose the right jurisdiction. What are the main advantages of incorporating a…
Manimama & Binaryx: Modernizing Real Estate Investment Through Tokenization and Legal Frameworks
In this article, we explore how Manimama contributed to the establishment of a secure legal framework for the launch of Binaryx’s real estate tokenization product. You will learn what asset tokenization entails from a legal perspective and which steps are necessary to ensure its legitimacy. Additionally, we will delve into the reasons behind choosing the…
MiCA Updates in France
The following ten services are covered by this obligation: In addition, service providers will have to comply with a set of standard rules, such as requirements on anti-money laundering and countering terrorist financing, cyber security obligations, good repute and competence, conduct, governance, management of conflicts of interest, and, where applicable, requirements around custody of funds…
Сompany registration in Slovakia: Legal aspects and advice
If you plan to start a business in Europe, Slovakia is an excellent choice for registering your company. The Manimama team has conducted in-depth research, analyzed the main subtleties of incorporating in Slovakia, and is ready to share its results and help you choose the right jurisdiction. What are the main advantages of incorporating a…
Legal Career: Myths vs. Reality
Myth 1: A Law Degree Guarantees a Prestigious Job How often have you heard that a law degree is a “golden ticket” to a prestigious job at an international firm or a thriving career in the public sector? This myth is so deeply ingrained in society that even first-year law students dream of a cushy…
VASP regulation in Columbia
The law regulating the activities of VASPs There is no special legislation, only a draft law that was not adopted VASP regulator Ministry for the Information and Communications Technologies (MinTIC) Activities included in VASP services According to Article 3 of the rejected draft law, cryptocurrency exchange services are: 1.Administration of crypto-asset exchange platforms 2. Provision…
Сompany registration in Romania: Legal aspects and advice
If you plan to start a business in Europe, Romania is an excellent choice for registering your company. The Manimama team has conducted in-depth research, analyzed the main subtleties of incorporating in Romania, and is ready to share its results and help you choose the right jurisdiction. What are the main advantages of incorporating a…
Manimama’s Top 5 Legal Movies You Can’t Miss
Real-Life Inspiration: Erin Brockovich Based on true events, “Erin Brockovich” tells a story of remarkable depth and impact. Julia Roberts shines in the role of Erin, an untrained legal assistant whose determination and unwavering belief in justice achieve the impossible. She takes on a massive corporation responsible for contaminating water supplies and endangering countless lives….
New Opportunities for Virtual Asset Businesses in Seychelles
Seychelles, a trusted destination for financial services, is now set to become a significant hub for virtual asset businesses that prioritize innovation, security, and regulatory compliance. What can you do under Seychelles VASP license? The Seychelles VASP act offers numerous opportunities for companies seeking to operate legally and securely within the virtual asset industry. The…
The culture of collaboration: What makes the Manimama team united?
In this article, we’ll reveal the key elements of our team’s collaborative culture, share the practices that help us achieve ambitious goals, and show how we create an environment where everyone can unlock their full potential. Step into the world of Manimama to discover what makes our team truly special! Secrets of collaborative success: Manimama’s…
Sources of Inspiration: How the Manimama Team Achieves Success
What inspires you in your daily work? How do you stay motivated when facing challenges? It’s a simple but effective way to break the barrier and remind myself that even the toughest tasks begin with the first step. After that, everything becomes much easier. (Olesia Zhuk, Junior Lawyer) What values or principles motivate you to…
VASP regulation in Nicaragua
The law regulating the activities of VASPs The law No. 1072 Resolution of the Central Bank of Nicaragua No. CD-BCN-XXV-1-22 VASP regulator The Central Bank of Nicaragua (BCN) The Financial Analysis Unit (UAF) Activities included in VASP services According to paragraph 17 of Article 4 of Law No. 977, which was amended by Law No….
Сompany registration in Portugal: Legal aspects and advice
If you plan to start a business in Europe, Portugal is an excellent choice for registering your company. The Manimama team has conducted in-depth research, analyzed the main subtleties of incorporating in Portugal, and is ready to share its results and help you choose the right jurisdiction. What are the main advantages of incorporating a…
Сompany registration in Poland: Legal aspects and advice
If you plan to start a business in Europe, Poland is an excellent choice for registering your company. The Manimama team has conducted in-depth research, analyzed the main subtleties of incorporating in Poland, and is ready to share its results and help you choose the right jurisdiction. What are the main advantages of incorporating a…
Lawyers on Screen vs. in Real Life: Myths and Truths
Lawyers in Film: Glamorous Images and Stereotypes Often portrayed as professionals capable of solving any crime and winning any case, lawyers in films create a romanticized image of the profession. However, this is far from reality. In the real world, lawyers specialize in specific areas of law and are constantly learning. Complex cases require the…
Secrets of effective negotiations from the Manimama team
Is it important to prepare for negotiations? What should be considered during the preparation phase? Why should you research information about a client or partner before your meeting? What core principles do you follow in negotiations? How do you structure your arguments to make them persuasive and clear for the other party? What should you…
Effective time management from the Manimama team
What are the main time management techniques you use to organize your working day? How to prioritize tasks effectively? Are there any tools or apps that help you stay organized and effective? Do you have any specific habits or rituals that help you stay productive throughout the day? How do you recharge your energy during…
VASP regulation in Mexico
The law regulating the activities of VASPs The Law on Regulation of the Financial Technology Institutions (“FinTech Law”) 2018 Circular 4/2019 VASP regulator Bank of Mexico (“Banxico”) Activities included in VASP services There is a clear distinction between the regulation applicable to non-financial entities (companies that carry out activities, services or operations that are not…
Сompany registration in Norway: Legal aspects and advice
If you plan to start a business in Europe, Norway is an excellent choice for registering your company. The Manimama team has conducted in-depth research, analyzed the main subtleties of incorporating in Norway, and is ready to share its results and help you choose the right jurisdiction. What are the main advantages of incorporating a…
Сompany registration in the Netherlands: Legal aspects and advice
If you plan to start a business in Europe, the Netherlands is an excellent choice for registering your company. The Manimama team has conducted in-depth research, analyzed the main subtleties of incorporating in the Netherlands, and is ready to share its results and help you choose the right jurisdiction. What are the main advantages of…
How does the сorporate сulture shape work processes and team spirit?
How would you describe the corporate culture at Manimama? The corporate culture at Manimama is a true blend of innovation, openness, and support, creating a unique atmosphere within the company. Here, everyone is encouraged to share their ideas, find support, and feel like an integral part of the team. Manimama values the contributions of each…
The approach of the Bank of Latvia to CASP regulation under MiCA
CASP regulation in Latvia The Latvian Law on Crypto Asset Services implements the requirements of MiCA and appoints the Bank of Latvia as the main regulator for the crypto asset market in the country. The main task of the Central Bank is to control activities of CASP, including licensing such companies, supervising their activities, and…
The power of teamwork: How the collaboration of Manimama’s Legal Departments provides outstanding results
Question 1: How does the interaction between your team and other legal departments impact your workflows? Collaboration between our team and other legal departments is a fundamental basis for effective work and outstanding results. Our team is divided into various departments, specializing in different areas: incorporation, compliance and AML, corporate structuring, and more. This structure…
The Role of Leadership at Manimama: How Our Leaders Guide the Team to Success (Part 2)
How can the team be motivated to achieve high results despite challenges? At Manimama, we understand that success relies on professionalism and the team’s ability to maintain enthusiasm in facing challenges. Our leaders find ways to support the team and turn difficulties into opportunities for growth. For Serhii Telenchi, head of the Linear Incorporation &…
New regulatory requirements for financial technologies in Canada are here: An overview of the RPAA
In February, the Canadian legislator adopted a new law on Retail Payment Activities (Retail Payment Activities Act) or RPAA, which outlined the boundaries of PSPs – Payment Service Providers. The legislator defined them as “natural or legal entities that perform payment functions as a service or business activity that is not incidental to another service…
Сompany registration in Monaco: Legal aspects and advice
If you plan to start a business in Europe, Monaco is an excellent choice for registering your company. The Manimama team has conducted in-depth research, analyzed the main subtleties of incorporating in Monaco, and is ready to share its results and help you choose the right jurisdiction. What are the main advantages of incorporating a…
The Role of Leadership at Manimama: How Our Leaders Guide the Team to Success. (Part 1)
Leadership style and management standards Every leader at Manimama has their approach to management, but a common feature among all is a commitment to open communication, supporting creative initiatives, and developing the team’s potential. Valerii Katurga, Head of the AML/CTF Services Department, describes his leadership style as liberal, grounded in a high level of trust…
Revolution in cryptocurrency regulation: What changes MiCA will bring to French legislation
Why is MiCA essential for cryptocurrency companies? MiCA creates a clear and unified system of regulation of the cryptocurrency market across the EU, covering not only crypto exchanges and platforms but anyone offering services for storing, exchanging, or managing crypto assets. This regulation aims to ensure transparency, stability, and trust in the market and protect…
Top-3 Professional Skills from Manimama`s Project Manager
Skills essential for success in a Project Management Tetiana Terendii provides cross-functional support to all departments. She is a high-level researcher, manager, and assistant, helping with complex tasks from finding the right products and solutions to integrating them. With her in-depth knowledge, Tеtiana is an indispensable member of the team, without whom no process is…
Highlights from a recent Live Stream on Tokenization!
During the stream, our CEO covered several critical questions related to tokenization: She started by explaining the concept of tokenization and how it represents a transformative way to convert tangible and intangible assets into digital tokens on a blockchain. This process opens up new avenues for investment and ownership. The discussion highlighted the numerous advantages…
VASP regulation in Chile
The law regulating the activities of VASPs General: Act N° 21521 on Financial Inclusion Special: NCG N°502 on authorization and registration VASP regulator Comisión para el Mercado Financiero – Financial Market Commission “CMF” Activities included in VASP services 1. Crypto-assets exchange. 2. Investment advice. 3. Custody of financial instruments. 4. Order routing. 5. Brokerage of…
Сompany registration in Malta: Legal aspects and advice
If you plan to start a business in Europe, Malta is an excellent choice for registering your company. The Manimama team has conducted in-depth research, analyzed the main subtleties of incorporating in Malta, and is ready to share its results and help you choose the right jurisdiction. What are the main advantages of incorporating a…
Сompany registration in Liechtenstein: Legal aspects and advice
If you plan to start a business in Europe, Liechtenstein is an excellent choice for registering your company. The Manimama team has conducted in-depth research, analyzed the main subtleties of incorporating in Liechtenstein , and is ready to share its results and help you choose the right jurisdiction. What are the main advantages of incorporating…
Legal іnsights for working with international clients from Manimama`s experts
What strategies does your team use to communicate effectively with international clients? Effective communication with international clients is more than just a task; it’s an art that requires coordinated efforts and a clear distribution of responsibilities. In our team, we strive to implement various strategies that enable us to achieve excellent results in this area….
Recovering moral and material damages from russia on the basis of Ukrainian court decisions (part 3)
Where is the Ukrainian court decision enforceable? The Ukrainian court decision can be enforced both in Ukraine and in a foreign country. Unfortunately, given the amount of damage that russia has caused to citizens, legal entities and our country, the assets of this country that are in our possession will not be enough to compensate…
First steps in law: Tips for young lawyers from our experts
Advice from our team: The cornerstone of successful career growth in the legal field Career growth in the legal sector requires a deep understanding of the law and a strategic approach to professional development. Success depends on various elements, from building effective relationships with clients to continuously improving one’s skills and being ready to adapt…
VASP Regulation in Brazil
The law regulating the activities of VASPs 1. Law No. 14.478/2022 (Cryptoassets Act) 2. Decreto nº 11.563/2023 VASP regulator the Central Bank of Brazil (“BCB”) Activities included in VASP services Art. 5 Virtual asset service providers are legal entities that perform, on behalf of third parties, at least one of the virtual asset services, understood…
Сompany registration in Latvia: Legal aspects and advice
If you plan to start a business in Europe, Latvia is an excellent choice for registering your company. The Manimama team has conducted in-depth research, analyzed the main subtleties of incorporating in Latvia, and is ready to share its results and help you choose the right jurisdiction. What are the main advantages of incorporating a…
Top-3 Professional Skills from Manimama`s Head of Human Resources and Process Management
Skills essential for success in Human Resources and Process Management The business environment is changing rapidly, making effective process and human resources management an essential part of a successful strategy. Companies require efficient operational practices and skilled resource management to achieve their strategic goals. This demands that leaders adapt to new challenges, analyze data, and…
Recovering moral and material damages from russia on the basis of Ukrainian court decisions (part 2)
What conditions must be met to successfully enforce a Ukrainian court decision on recovering damages from russia abroad? To enforce such a decision, it must meet the following criteria: How to properly notify the aggressor country about court proceedings under the current circumstances and conditions? Currently, Ukrainian courts publish notices of lawsuits against russia by…
Сompany registration in Italy: Legal aspects and advice
If you plan to start a business in Europe, Italy is an excellent choice for registering your company. The Manimama team has conducted in-depth research, analyzed the main subtleties of incorporating in Italy, and is ready to share its results and help you choose the right jurisdiction. What are the main advantages of incorporating a…
One Day in the Life of a Lawyer: What a Working Day at Manimama Looks Like
Inside Look: A Working Day of a Manimama Lawyer Today, we will examine Manimama lawyer Yuliia Lupanova’s work schedule and learn about his typical day, from interesting tasks to daily challenges. Yuliia Lupanova is a self-motivated lawyer with three years of experience. She has been involved in court representation, public procurement, contractual activities and legal…
VASP Regulation in Bahamas (under the draft law of 2024)
The law regulating the activities of VASPs There is a current law DIGITAL ASSETS AND REGISTERED EXCHANGES (AMENDMENT) ACT of 2022, but a new draft law DIGITAL ASSETS AND REGISTERED EXCHANGES BILL of 2024 is currently under consideration. The following information is provided in accordance with the text of the draft law. VASP regulator 1….
Сompany registration in Ireland: Legal aspects and advice
If you plan to start a business in Europe, Ireland is an excellent choice for registering your company. The Manimama team has conducted in-depth research, analyzed the main subtleties of incorporating in Ireland, and is ready to share its results and help you choose the right jurisdiction. What are the main advantages of incorporating a…
Top-3 Professional Skills from Manimama`s HR manager
Skills essential for success in a Human Resources Management As businesses evolve, the importance of the HR manager’s role continues to grow. Effective human resources management requires communication skills as well as strategic thinking and a deep understanding of processes. Today, we have the opportunity to speak with Oksana Shamota, an HR manager at the…
Recovering moral and material damages from russia on the basis of Ukrainian court decisions (part 1)
Can russia as a state still act as a defendant in court? Since 2014, the aggressor has caused a lot of damage (both material and moral) to our citizens, legal entities and the state in particular. However, in most cases, Ukrainian courts left such claims untried or dismissed them, stating that “…any state is a…
One Day in the Life of a Lawyer: What a Working Day at Manimama Looks Like
Inside Look: A Working Day of a Manimama Lawyer Today, we will examine Manimama lawyer Valerii Katuhra’s work schedule and learn about his typical day, from interesting tasks to daily challenges. Valerii Katurga is a Head of the AML/CTF Services Department. He has been working at Manimama for 2 years, providing reliable legal services and…
Top-3 Professional Skills from Manimama`s Senior Lawyer
Skills essential for success in a legal career In a rapidly evolving legal environment, having theoretical knowledge is crucial, as is the ability to apply it in practice. Today, we have the opportunity to speak with Manimama’s senior lawyer, Artem Shapoval, who will share his insights on skills needed for career growth in the legal…
VASP Regulation in Argentina
The law regulating the activities of VASPs Act N° 25.246 VASP regulator Comisión Navional de Valores – Securities National Commission “CNV” Activities included in VASP services 1. Exchange between virtual assets and legal tender currencies (fiat currencies). 2. Exchange between one or more forms of virtual assets. 3. Transfer of virtual assets. 4. Custody and/or…
Company registration in Greece: Legal aspects and advice
If you plan to start a business in Europe, Greece is an excellent choice for registering your company. The Manimama team has conducted in-depth research, analyzed the main subtleties of incorporating in Greece, and is ready to share its results and help you choose the right jurisdiction. What are the main advantages of incorporating a…
Company registration in Gibraltar: Legal aspects and advice
If you plan to start a business in Europe, Gibraltar is an excellent choice for registering your company. The Manimama team has conducted in-depth research, analyzed the main subtleties of incorporating in Gibraltar, and is ready to share its results and help you choose the right jurisdiction. What are the main advantages of incorporating a…
Our Self-Improvement: courses, studies, and development in Manimama
What opportunities for self-improvement does the company provide? One of the main areas of development for our employees is educational courses. Many of our colleagues have regularly attended individual English language lessons but we haven’t stopped there. Thanks to our co-founders, CEO Ganna Voievodina and CBDO Vasyl Ponomarov, we have launched group sessions for corporate…
Interview with the HR Manager: How we integrate new employees into the team
Insights from our HR Manager We are glad to introduce you to Oksana Shamota, who is an experienced HR manager and a master at talent scouting to create our dream team. Her insightful eye reveals potential that is hidden from others. She thinks strategically to find not just employees but real treasures. Her professional approach…
What is crowdfunding and what license is required for it
In general, there are three parties involved in the crowdfunding process: What types of crowdfunding exist? Crowdfunding is divided into the following types depending on the terms and conditions of such financing and the instruments used: How is crowdfunding regulated and by whom? Crowdfunding is often regulated by national laws and regulations. For example,…
How to open a bank account for VASP?
A number of important steps must be taken to successfully open an account: preparation of relevant documentation, compliance with Know Your Customer KYC) and Anti-Money Laundering (AML) standards, as well as choosing a bank that is ready to work with cryptocurrency companies. In this article, we’ll take a detailed look at the key requirements and…
Company registration in Germany: Legal aspects and advice
If you plan to start a business in Europe, Germany is an excellent choice for registering your company. The Manimama team has conducted in-depth research, analyzed the main subtleties of incorporating in Germany, and is ready to share its results and help you choose the right jurisdiction. What are the main advantages of incorporating a…
A new generation of professionals: Internship experience in Manimama
Our interns’ thoughts and impressions Some people say that the most important thing is the beginning. For the new members of our company, internships serve as a starting point for significant professional achievements. They come with a desire to learn, overcome challenges, and improve daily. Each of them can observe the work of experienced lawyers…
MiCA implementation in Poland (updated draft bill)
According to Article 2 of the draft law, crypto asset service provider means a crypto asset service provider within the meaning of Article 3(1)(15) of Regulation 2023/1114 (i.e. a legal person or other undertaking whose trade or business is the provision of one or more crypto asset services to clients on a professional basis and…
Fintech vs. Traditional banking – Digital revolution
How has the financial system changed? Over the last decade, financial technology, widely known as fintech, has surged in popularity, with more and more consumers embracing these new platforms. This shift is undeniably altering the financial landscape and challenging the old traditional banking system. While fintech offers lots of advantages, such as convenience, speed, and…
Company registration in France: Legal aspects and advice
If you plan to start a business in Europe, France is an excellent choice for registering your company. The Manimama team has conducted in-depth research, analyzed the main subtleties of incorporating in France, and is ready to share its results and help you choose the right jurisdiction. What are the main advantages of incorporating a…
Transforming Ideas into Digital Reality: Engineering and Design Department
About our Department The Engineering and Design Department at Manimama is the invisible engine that keeps our website running flawlessly and solves the toughest technical challenges. Our specialists ensure that every visitor experiences ease of use with our services and that all processes run smoothly and efficiently. They don’t just create design and code —…
Utility tokens regulation under MiCA
What are Utility tokens according to MiCA? The MiCA covers three types of crypto assets. One of the three types being crypto assets that are not asset-linked tokens or electronic money tokens (other tokens, including utility tokens). Utility tokens are defined as crypto assets that are issued to finance the development of a crypto project…
Navigating the Approved Manager Registration in the BVI: What You Need to Know
What is an Approved Manager status? The Approved Manager regime was implemented to simplify the regulatory process for investment managers and advisers who are registered or established in the BVI. This regime is especially appealing to smaller and emerging managers as it allows them to operate with a lower regulatory burden. As such, this regime…
MiCA implementation in Sweden
Current requirements (prior to MiCA implementation) Companies intending to operate in the provision of virtual asset trading services are required to register with FI as a legal person who intends to engage in currency exchange to a significant extent or other financial activities according to the Act (1996:1006) on currency exchange and other financial activities….
Company registration in Finland: Legal aspects and advice
If you plan to start a business in Europe, Finland is an excellent choice for registering your company. The Manimama team has conducted in-depth research, analyzed the main subtleties of incorporating in Finland, and is ready to share its results and help you choose the right jurisdiction. What are the main advantages of incorporating a…
MiCA implementation in Romania
Current requirements (prior to MiCA implementation) Article 30-1 of the Law no. 129/2019 “To prevent and combat money laundering and terrorism financing, as well as to amend and supplement some legislative act” describes a framework for authorization procedure of VASPs, however, the official register is not established yet. Also, Romanian government have not established complete…
Together towards the goal: How teamwork shapes company success
Our employees’ thoughts and impressions Every employee is a unique part of a mechanism where everyone interacts as a unified whole. It is this seamless collaboration that allows the company to grow and thrive. As we approach the company’s birthday, we conducted a survey among our new employees—junior lawyers who joined us for an internship…
Company registration in Estonia: Legal aspects and advice
If you plan to start a business in Europe, Estonia is an excellent choice for registering your company. The Manimama team has conducted in-depth research, analyzed the main subtleties of incorporating in Estonia, and is ready to share its results and help you choose the right jurisdiction. What are the main advantages of incorporating a…
MiCA implementation in Poland
Current requirements (prior to MiCA implementation) In order to legally provide cryptocurrency services in Poland, it is necessary to: 1) Set up a local LLC (the address can be virtual). 2) Have a Polish phone number, a verified ePUAP profile for the contact person. 3) Have AML documentation. 3) Submit an application for crypto authorization…
Sales Department: The Key to Effective Client Engagement
We have started a series of posts and articles to help you better understand who we are and what we do. Today, we will tell you in detail about the Sales Department, its team and purpose to emphasize why MANIMAMA can be your key partner in achieving success. About our Department The Sales Department is…
MiCA implementation in the Czech Republic
Current requirements (prior to MiCA implementation) In order to obtain a license and work in the Czech Republic as a VASP, a number of mandatory requirements must be met: – registration as a legal entity, opening a physical office and authorized capital (minimum 1 Czech crown for limited liability companies (S.R.O.)); – documentation must be…
Manimama Volunteering Activities
The History of Our Fund In 2022 we created the charity fund “I support Ukraine” and started to help Ukraine to win the war, supporting the army, people, Ukrainian scientists and talents. Our co-founders, CEO Ganna Voevodina and CBDO Vasyl Ponomarov, both Mariupol residents and patriots of Ukraine, organized volunteers to help all the city’s…
Company registration in Denmark: Legal aspects and advice
If you plan to start a business in Europe, Denmark is an excellent choice for registering your company. The Manimama team has conducted in-depth research, analyzed the main subtleties of incorporating in Denmark, and is ready to share its results and help you choose the right jurisdiction. What are the main advantages of incorporating a…
MiCA implementation in Italy
Current requirements (prior to MiCA implementation) In order to legally provide VASP services in Italy, it is necessary to be registered in a special crypto-registry maintained by the OAM. In order to enter the registry it is necessary (for legal entities, in accordance with the Decree of 13 January 2022, art. 3): 1. have a…
Company registration in the Czech Republic: Legal aspects and advice
If you plan to start a business in Europe, the Czech Republic is an excellent choice for registering your company. The Manimama team has conducted in-depth research, analyzed the main subtleties of incorporating in the Czech Republic, and is ready to share its results and help you choose the right jurisdiction. What are the main…
MiCA implementation in Portugal
Current requirements (prior to MiCA implementation) In order to obtain a crypto licence in Portugal, a crypto service provider must meet the following requirements: Has the jurisdiction enacted a law/draft law implementing MiCA? The Law hasn’t been adopted yet As for now, the cryptoasset activities are regulated by: Who is the regulator under the law/draft…
Conversation with the CEO: How leadership and vision shape the future of a law firm
What was the reason to set up a law firm? First, it should be noted that Manimama has two co-founders who are professionals in their field – CEO Anna Voevodina and CBDO Vasyl Ponomarov. Ganna Voievodina has several honors degrees in law and linguistics. In addition, Ganna is the author of the draft Law of…
Efficiency and human potential: HR and Process Management Department in Manimama
About the HR and Process Management Department The HR and Process Management Department is at the heart of our company, where well-coordinated teamwork and optimization of internal processes are key to efficiency. It is responsible for creating an environment where every employee feels valued and strives to achieve new heights. This part of the company…
MiCA implementation in Spain
Current requirements (prior to MiCA implementation) To open a crypto license in Spain, the following requirements must be met: 1) Register with the SCB (Spanish Central Bank Registry); 2) Register SL (Sociedad Limitada) – a legal entity, the Spanish equivalent of LLC (Limited Liability Company); 3) Apply for a crypto license in Spain; 4) Purchase…
Continuous learning as the key to success: about the academic path of Manimama CEO – Ganna Voievodina
Have you ever wondered how continuous learning and improvement affect business strategies? In Ganna’s case, her academic background has become an important foundation for setting new quality standards in legal services and for the successful operation of Manimama. About our CEO’s education Ganna Voievodina is not only a leader in the field of law but…
MiCA implementation in Luxembourg
Current requirements (prior to MiCA implementation) No persons established in Luxembourg or providing services in Luxembourg may not provide virtual asset services without registering with La Commission de Surveillance du Secteur Financier (“CSSF”), as provided for in Article 7-1(1) of the Law of November 12, 2004 on the fight against money laundering and the financing…
Department of Linear Incorporation & Payment Services: how we ensure a perfect start for your business
We are starting a series of posts and articles to help you better understand who we are and what we do. Today we will tell you about the Department of Linear Incorporation & Payment Services, its team, services, and purpose. Let’s see together how our approach can be your key to success. About the Department…
MiCA implementation in France
Current requirements (prior to MiCA implementation) The DASP must notably comply with the following conditions: 1) either have professional indemnity insurance or a minimum amount of own funds; 2) at least have one executive manager; 3) have sufficient human and technical resources; 4) have resilient IT systems; 5) have an internal control system; 6) have…
Company registration in Cyprus: Legal aspects and advice
If you are planning to set up a successful business in Europe, you should consider registering a company in Cyprus. The island offers a promising geographical location at the crossroads of major trade routes, providing convenient access to the markets of Europe, the Middle East, Asia, and Africa. The country has a highly developed infrastructure,…
MiCA implementation in Slovenia
Current requirements (prior to MiCA implementation) Virtual currency service providers with headquarters or branches in the Republic of Slovenia must register in the Register of Virtual Currency Service Providers, which is maintained and managed by the Office for the Prevention of Money Laundering, before starting to provide virtual currency services. The request for entry in…
Company registration in Croatia: Legal aspects and advice
If you are thinking of setting up a successful business in Europe, we recommend considering company registration in Croatia. The country offers a promising location at the crossroads of several trade routes, a highly developed infrastructure, a favorable tax system, educated and skilled workers. The Manimama team has conducted in-depth research, analyzed the main subtleties…
MiCA implementation in Slovakia
Current requirements (prior to MiCA implementation) To legally provide cryptocurrency services in Slovakia you need to: 1. Establish a local company (e.g. LLC with a minimum share capital of 5,000 euros). 2. Have a local registered address (can be physical or virtual). 3. At least one shareholder or director must be Slovak or a person…
The AML/CTF Services Department: Your reliable partner in maintaining financial security
About the AML/CTF Services Department MANIMAMA is pleased to introduce to our audience an important part of our team that helps our clients monitor and minimize financial risks – the AML/CTF Services Department. In the early stages of our company’s activity, almost all employees were involved in this area. However, with the development and expansion…
MiCA implementation in the Netherlands
Current requirements (prior to MiCA implementation) To register, the Company must file the following information with DNB: 1) General company information, including articles of association (in Dutch) and KVK extract. 2) Foreign companies must include a certified copy of the notarial deed that contains the company’s articles of association. Also provide an extract from the…
Company registration in the United Kingdom: Legal aspects and advice
If you are thinking of setting up a successful business abroad, but want to get started as quickly as possible and without unnecessary bureaucracy, we recommend that you consider registering a company in the UK. The country is attractive for its stable legal system, developed financial sector, ease and speed of registration, and convenient tax…
MiCA implementation in Ireland
Current requirements (prior to MiCA implementation) In order to legally provide their services in Ireland, companies need to be authorised on the Central Bank of Ireland’s crypto registry. This requires: 1. Establish a local company. 2. Have a registered local office. 3. One of the senior employees must be physically located in Ireland and act…
Business Development: How our department stimulates growth and innovation in the company
About the Business Development Department MANIMAMA is pleased to introduce our audience to the important part of our team that helps to increase the visibility of our company – the Business Development Department. The history of it began in the first months of 2024 when a new, ambitious initiative was created to increase the company’s…
MiCA implementation in Hungary
Current requirements (prior to MiCA implementation) VASPs are only required to comply with the minimum AML-related requirements if they are based in Hungary or serve customers in Hungary. To fulfill its AML obligations, a VASP must: Has the jurisdiction enacted a law/draft law implementing MiCA? Who is the regulator under the law/draft law implementing MiCA?…
Registering a company in the crypto industry: step-by-step algorithm and legal aspects
Company registration is the process of formalizing the status of a legal entity in accordance with the laws of a certain country. During this process, the company is officially recognized as a legal entity with its own legal capacity. To receive this status, it is necessary to provide certain documentation and fulfill the requirements established…
MiCA implementation in Latvia
Current requirements (prior to MiCA implementation) In Latvia, there is no special regulatory framework for organizing business in the field of crypto-assets. In addition, there is no requirement or prohibition to obtain a crypto license. VASPs are LPMLTPF subjects, which means they have: – register in SRS as an LPMLTPF subject, including appointing a responsible…
Company registration in Bulgaria: Legal aspects and advice
If you are thinking about setting up a successful business in Europe, but want to start as soon as possible and with a minimum authorized capital, we recommend you consider registering a company in Bulgaria. The country is attractive for its moderate operating costs, ease of registration and administration, and comfortable tax system. The Manimama…
MiCA implementation in Lithuania
Current requirements (prior to MiCA implementation) 1. To start operating as a VASP in Lithuania, a legal entity must be established. 2. The activities of virtual currency exchange operators and/or virtual currency wallet depositories are not licensed in Lithuania, but there are mandatory requirements stipulated in Article 25 of the Law. 3. In order to…
CORPORATE STRUCTURING AND TOKENIZATION DEPARTMENT: WE MAKE THE IMPOSSIBLE POSSIBLE!
About Corporate Structuring and Tokenization Department MANIMAMA is pleased to introduce our audience to the department that brings non-standard requests to life – Corporate Structuring and Tokenization Department. The history of this department stems from surprisingly natural and logical processes. Previously, corporate structuring and tokenization issues were distributed across the entire company’s team, but the…
Incorporation in Belgium: Legal aspects and advice
If you are thinking about setting up a successful business in Europe, we recommend that you consider a powerful country like Belgium. The country boasts a stable political and economic system over a long historical period, a respectable international status, a favorable business environment, and a comfortable tax system. The Manimama team has conducted in-depth…
MiCA implementation in Germany
Current requirements (prior to MiCA implementation) To get authorisation from BaFin you need to: 1. Establish a local LLC with authorised capital of 150,000 euros. 2. Have a competent and reliable director 3. Appoint a competent and reliable AML officer and deputy AML officer 4. Have a local physical office 5. At least one director…
Incorporation in Austria or how to create a successful business in the Austrian jurisdiction?
If you are planning to develop your business in an advanced Western European country, you should consider setting up a company in Austria. A country with a stable and powerful economic and political system, a high standard of living, and a comfortable taxation system is worthy of attention not only from big business representatives but…
MiCA implementation in Finland
Current requirements (prior to MiCA implementation) The FIN-FSA shall register the notifier as a VCP if (6 § of the LVT): 1) the applicant is entitled to carry on business in Finland; 2) the notifier is not bankrupt and, if he is a natural person, he is of full age, has no restrictions on his…
Who is MANIMAMA, what is our goal and what we do?
About our company We are pleased to introduce you to Manimama Law Firm – your reliable partner in the world of innovation, information technology, and high risks. We help our clients find solutions to the most complex challenges and implement their ambitious projects. We have started a series of posts and articles to help you…
MiCA implementation in Estonia
Current requirements (prior to MiCA implementation) Requirements for issuing an authorisation to a Estonian VASP: 1) Private limited liability company (OÜ). 2) At least 1 shareholder (natural person or corporate entity; no restrictions to citizenship or residence) and at least 1 management board member (can be the same as the shareholder, but only a natural…
MiCA implementation in Croatia
Current requirements (prior to MiCA implementation) Virtual asset service providers intending to conduct their activities from the territory of Croatia are required to obtain authorization from the Hrvatskoj agenciji za nadzor financijskih usluga (“Hanfa”). In order to legally provide virtual asset services to a local company in Croatia, you must: 1) Register a local legal…
Burvix Traders: Progress in the First Half of 2024
Our list of exchanges available for client trading has significantly expanded. Previously, most clients traded on Binance, but not everyone trusts this platform. Now, we also offer trading on OKEx. Additionally, we have improved connections with WhiteBIT and Kuna. Connections with these exchanges are now established not only through REST API but also via WebSockets….
MiCA implementation in Austria
Current requirements (prior to MiCA implementation) Virtual asset service providers intending to operate from Austria are required to obtain authorization from the Financial Market Authority (“FMA“). Confirmation of the authorisation is the company’s entry in the relevant register of companies offering virtual asset services and the provision of a certificate. Confirmation of obtaining authorization is…
Proposal to open a game development company in the UAE free zones
One of the young but most promising and popular is the International Free Zone Authority (IFZA). Originally established in the Emirate of Fujairah and relocated to Dubai in October 2020, it offers unique opportunities for entrepreneurs and startups to expand their businesses, as well as competitive pricing, a wide range of activities and state-of-the-art infrastructure….
VASP regulation in Bulgaria
Why Bulgaria? We, at Manimama OU, believe in the following benefits of VASP registration in Bulgaria: 1. Bulgaria has low taxes. The corporate tax in Bulgaria is one of the lowest in the EU at 10%, the personal tax is also 10%, while the dividend tax is 5%. 2. It is easy to obtain VASP…
VASP Regulation in Poland
Why Poland? Having significant experience working with the Polish market we, at Manimama OU, believe in the following advantages of VASP registration in Poland: 1. It is easy to obtain VASP authorization and comply with VASP obligations. The procedure for obtaining VASP authorization is much simpler than in other European countries, and the Regulator has…
Update on Crypto-asset Regulatory Framework in Lithuania
Currently, the Anti-Money Laundering and Countering the Financing of Terrorism (“AML/CTF”) rules are in force to prevent money laundering, terrorist financing, circumvention of international sanctions and fraud, but the new regime will further promote transparency, financial markets stability and protect consumers against the speculatory nature of the crypto-assets market. Therefore, the country is taking active…
Artificial Intelligence and Cryptocurrencies
As Binance CEO Changpeng Zhao mentioned in one of his AMA sessions, the key parameter for listing tokens is the community’s interest and engagement—such as the number of social media followers. While code audits and the token’s prospects are important, they take a back seat without an active audience. Following the release of ChatGPT and…
How to obtain a cryptocurrency license in Switzerland
Tax Summary: What law/s governs VASP activities? What activities are included in VASP services? Unlike AML regulations in many other countries, Switzerland does not use the concept of Virtual Asset Service Providers (VASPs). Instead, crypto companies are considered regulated if they fall under one of the categories of financial intermediaries, as listed in the law…
How to obtain a cryptocurrency license in Sweden
Tax Summary: What law/s governs VASP activities? What activities are included in VASP services? According to section 1 of the Act (1996:1006) on currency exchange and other financial activities, other financial activities are defined as professional activity consisting in the management of or trading in virtual currency. Who is the VASP regulator? What is the…
How to obtain a cryptocurrency license in Spain
Tax Summary: What law/s governs VASP activities? What activities are included in VASP services? Who is the VASP regulator? What is the procedure for registering a VASP for a local company? To obtain a crypto license in Spain, the following requirements must be met: Is there any specific authorization required for a VASP from another…
How to obtain a cryptocurrency license in Slovenia
Tax Summary: What law/s governs VASP activities? What activities are included in VASP services? According to the section 1.2.(48) of the Law on Prevention of Money Laundering and Financing of Terrorism (ZPPDFT-2), virtual currency services are the following services that a natural or legal person performs as a business or professional activity for a third…
Market makers and their role on exchanges
When discussing exchange liquidity, the main evaluation criterion is the spread of trading tokens. The spread is the difference between the highest price buyers are willing to pay for an asset and the lowest price sellers are willing to accept. The spread size indicates user interest in the asset. However, in highly volatile markets, the…
How to obtain a cryptocurrency license in Slovakia
Tax Summary: What law/s governs VASP activities? What activities are included in VASP services? According to Article 5 of the Anti-Money Laundering Law, VASPs are classified as follows: However, this act does not define the activities carried out by these categories of VASPs. Who is the VASP regulator? What is the procedure for registering a…
Analysis and description of the Lithuanian AML Law in the Ukrainian version
Dear Friends! We at Manimama Legal and Growth Agency decided to prepare a full analysis and description of the Anti-Money Laundering Law (AML) of Lithuania as the main jurisdiction where our clients register VASP companies. We enclose the document in Ukrainian so that our Ukrainian-speaking clients can fully understand what is given in the basic…
How to obtain a cryptocurrency license in Romania
Tax Summary: What law/s governs VASP activities? What activities are included in VASP services? According to Clause 2(t) of Article 2 and Clause 1(g) of Article 5 of the AML Law, as well as the Amendment Ordinance, the types of VASP activities are as follows: Who is the VASP regulator? What is the procedure for…
How to obtain a cryptocurrency license in Portugal
Tax Summary: What law/s governs VASP activities? What activities are included in VASP services? The following activities or transactions involving virtual assets in Portuguese territory are subject to prior registration with the Bank of Portugal, including when the applicant is engaged in another profession or activity, provided by Law No 83/2017 of 18 August 2017:…
Types of automated strategies in crypto trading
Specifically, we’ll discuss two types: The key difference between these approaches lies in the fact that in the DCA format, the entire investment amount is accumulated for a single take-profit order that triggers for the entire position simultaneously. Thus, in the case of a trending market movement and significant changes, the DCA strategy proves advantageous…
How to obtain a cryptocurrency license in Poland
Tax Summary: What law/s governs VASP activities? What activities are included in VASP services? Under the AML Act, VASPs may provide the following services (Article 2, Section 1, paragraph 12): Who is the VASP regulator? What is the procedure for registering a VASP for a local company? To legally offer cryptocurrency services in the jurisdiction…
How to obtain a cryptocurrency license in Norway
Tax Summary: What law/s governs VASP activities? What activities are included in VASP services? In accordance with clause 5 of Article 4 of the AML Act, VASP services include: Who is the VASP regulator? What is the procedure for registering a VASP for a local company? To become a VASP in Norway, you must fulfill…
How to obtain a cryptocurrency license in the Netherlands
Tax Summary: What law/s governs VASP activities? What activities are included in VASP services? The following crypto service providers are regulated in the Netherlands, according to the Money Laundering and Terrorist Financing Prevention Act: At the moment the entities who offer crypto-to-crypto exchanges are still not regulated. Who is the VASP regulator? What is the…
How to obtain a cryptocurrency license in Malta
Tax Summary: What law/s governs VASP activities? What activities are included in VASP services? VFA license types: Who is the VASP regulator? What is the procedure for registering a VASP for a local company? 1. Establishing a Company. If the company operates from outside Malta, it must have a branch in Malta with its registered…
How to obtain a cryptocurrency license in Luxembourg
Tax Summary: What law/s governs VASP activities? What activities are included in VASP services? Who is the VASP regulator? What is the procedure for registering a VASP for a local company? Entities established in Luxembourg or providing services in Luxembourg cannot offer virtual asset services without registration with CSSF, as provided for in Article 7-1(1)…
How to obtain a cryptocurrency license in Liechtenstein
Tax Summary: What law/s governs VASP activities? What activities are included in VASP services? Virtual asset service providers in Liechtenstein are called TT service providers. Trustworthy technologies (TT) are defined as technologies through which the integrity of tokens, the clear allocation of tokens to a TT identifier, and the transfer of tokens can be ensured….
Algorithmic Trading System Burvix Traders: Overview. Part 2
Types of Strategies At the core of our trading bot lies algorithmic trading. We have chosen the Dollar-Cost Averaging (DCA) method. It involves the trader regularly purchasing a certain amount of assets to average the purchase price. For example, let’s take the long strategy – a client’s investment in a stablecoin and trading in anticipation…
How to obtain a cryptocurrency license in Latvia
Tax Summary: What law/s governs VASP activities? What activities are included in VASP services? Section 1 of the LPMLTPF states that virtual currency service provider (“VCSP“) – the person providing virtual currency services, including the provider of services of exchange of the virtual currency issued by other persons, which provides the users with the possibility…
Algorithmic Trading System Burvix Traders: Overview. Part 1
So, Burvix Traders is an algorithmic trading system that helps to profit from the cryptocurrency spot market. Trading strategies based on the refined DCA method are developed by our professional traders with over 20 years of experience in exchanges. The client needs to deposit funds into their own account on the exchange and create API…
Company registration in the UK: why it’s the perfect solution for your business
Advantages of the UK incorporation At the outset, we would like to focus on the fact that UK company incorporation offers significant advantages, rendering this jurisdiction as one of the most appealing for international business. Our lawyers have identified such advantages: Overall, these benefits place the UK as a preferred location for company incorporation, providing…
Updated Burvix Traders: What our platform offers
About the bot As mentioned in our previous material, our traders have over 20 years of experience working on various financial exchanges. During this time, they have gained significant experience and developed their own approaches to trading. With the emergence and development of the cryptocurrency industry, they spent several years adapting their algorithms to the…
How to obtain a cryptocurrency license in Italy
Tax Summary: What law/s governs VASP activities? What activities are included in VASP services? Decree 13 January 2022 (art. 1) applies to two categories of activities regarding virtual assets – VASP and e-wallet providers: Who is the VASP regulator? What is the procedure for registering a VASP for a local company? In order to legally…
Ukrainian translation of MiCA
We know that the entire market is now talking about MiCA, which will come into force in 2024-2025. The text of MiCA is very difficult to read, and that is why we decided to translate MiCA into Ukrainian so that all Ukrainian-speaking business owners could have access to this document. By the way, we have…
How to obtain a cryptocurrency license in Ireland
Tax Summary: What law/s governs VASP activities? What activities are included in VASP services? VASPs are companies that provide the following services: Who is the VASP regulator? What is the procedure for registering a VASP for a local company? In order to legally provide their services in Ireland, companies need to be authorized on the…
Stablecoins – Role and Risks in the Cryptocurrency World
Types of Stablecoins A stablecoin, by its essence, is a form of cryptocurrency designed to maintain price stability, avoiding the significant fluctuations typical of other cryptocurrencies. It is backed by real assets, such as fiat currencies (examples include tokens like USDT, TUSD, FDUSD) or commodities (tied to gold, like the PAXG token), which help preserve…
How to obtain a cryptocurrency license in Hungary
Tax Summary: What law/s governs VASP activities? What activities are included in VASP services? The following services fall under the scope of the Hungarian AML Act (Section 1): Who is the VASP regulator? What is the procedure for registering a VASP for a local company? There is no licensing or authorization for VASPs in Hungary….
How to obtain a cryptocurrency license in Greece
Tax Summary: What law/s governs VASP activities? What activities are included in VASP services? Article 4 of Law 4734/2020 defines such activities of VASPs: providing exchange services between virtual currencies and fiat currencies, and providing custodial services of digital wallets. Who is the VASP regulator? What is the procedure for registering a VASP for a…
How to obtain a cryptocurrency license in Great Britain
Tax Summary: What law/s governs VASP activities? What activities are included in VASP services? Under Article 14a, the AML act VASP may provide the following services: Who is the VASP regulator? What is the procedure for registering a VASP for a local company? To legally provide cryptocurrency services in the UK, VASPs need to: A…
How to obtain a cryptocurrency license in Germany
Tax Summary: What law/s governs VASP activities? What activities are included in VASP services? KWG, unlike other European jurisdictions, does not operate under the term “virtual asset service provider”, instead the KWG identifies only one type of regulated virtual asset activity that requires authorization – the cryptocurrency custody business (paragraph 6, article 1a, section 1)….
How to obtain a cryptocurrency license in France
Tax Summary: What law/s governs VASP activities? What activities are included in VASP services? According to Article L54-10-2 of the CMF digital asset services include the following services: Who is the VASP regulator? What is the procedure for registering a VASP for a local company? The DASP must notably comply with the following conditions: To…
How to obtain a cryptocurrency license in Finland
Tax Summary: What law/s governs VASP activities? What activities are included in VASP services? According to 2 § of the LVT: Who is the VASP regulator? What is the procedure for registering a VASP for a local company? According to 6 § of the LVT: The FIN-FSA shall register the notifier as a VCP if:…
The Importance of Analysis in Trading
Creating a Template Firstly, determine the frequency of conducting such analyses. They should not be too frequent. A short trading period may not be indicative. So-called losing streaks can last for several consecutive days, and basing conclusions solely on them is not advisable. From personal experience, such analysis should be conducted monthly, no more frequently….
How to obtain a cryptocurrency license in Estonia
Tax Summary: What law/s governs VASP activities? What activities are included in VASP services? The MLTFPA applies to the economic, professional and official activities of the following persons: providers of a virtual currency service (“VASPs”). According to § 3 of the MLTFPA: Who is the VASP regulator? What is the procedure for registering a VASP…
How to obtain a cryptocurrency license in Denmark
Tax Summary: What law/s governs VASP activities? What activities are included in VASP services? According to § 1 (1) (cl. 22-26) of AML law: Who is the VASP regulator? What is the procedure for registering a VASP for a local company? There is no specific license for VASPs in Denmark. However, persons who, for commercial…
How to obtain a cryptocurrency license in the Czech Republic
Tax Summary: What law/s governs VASP activities? What activities are included in VASP services? The status of an obliged person pursuant to Section 2(1)(l) and Section 4(8) of the AML law, i.e. a person providing services related to a virtual asset, is based, inter alia, on the following activities: Who is the VASP regulator? What…
How to obtain a cryptocurrency license in Cyprus
Tax Summary: What law/s governs VASP activities? What activities are included in VASP services? According to article 2 of the Law on the Provision and Use of Payment Services and Access to Payment Systems (31(I)/2018), the activities of crypto asset service providers (CASP) include the following: Who is the VASP regulator? What is the procedure…
How to obtain a cryptocurrency license in Croatia
Tax Summary: What law/s governs VASP activities? What activities are included in VASP services? According to the AML act, paragraph 17, article 9, chapter III, legal entities and natural persons are subject to this law if they carry out any of the following activities: Who is the VASP regulator? What is the procedure for registering…
Psychology in Cryptocurrency Day Trading
Fundamental Mistakes The primary challenge every trader faces is the experience of tilt. Originating from the world of poker, tilt refers to a state of mental or emotional distress or disappointment that leads a player to adopt suboptimal strategies, usually resulting in excessive aggression. From a practical standpoint, tilt is a consequence of sharp negative…
How to obtain a cryptocurrency license in Bulgaria
Tax Summary: What law/s governs VASP activities? What activities are included in VASP services? According to the Закон за мерките срещу изпирането на пари, measures against ML and TF are mandatory for the following persons (Art. 4): Who is the VASP regulator? What is the procedure for registering a VASP for a local company? Currently,…
How to obtain a cryptocurrency license in Belgium
Tax Summary: What law/s governs VASP activities? What activities are included in VASP services? According to paragraph 35°/2 and 35°/3 of Article 4 of AML law, VASP activities are the following: Who is the VASP regulator? What is the procedure for registering a VASP for a local company? In Belgium there is a mandatory registration…
Lithuania’s Regulatory Landscape for Virtual Assets Evolves with MiCA Implementation
The implementation of the Markets in Crypto Assets (MiCA) Regulation marks a pivotal moment in Lithuania’s regulatory landscape for virtual assets. In response to the evolving challenges and risks associated with the crypto-asset sector, Lithuanian authorities are proactively shaping a robust regulatory framework. The MiCA Regulation, scheduled to take effect on December 30, 2024, introduces…
How to obtain a cryptocurrency license in Austria
Tax Summary: What law/s governs VASP activities? What activities are included in VASP services? VASPs are defined in Article 2 no. 22 of AML law as all providers (i.e. both natural persons and legal entities) that offer one or more of the following services: The definition of “VASPs” also covers VASPs domiciled in another EU…
Our product – Burvix Traders platform
The Burvix Traders platform streamlines the trading process, providing clients with the opportunity to easily connect their accounts and unlock the potential of automated strategies for effective capital growth. All that is required is to provide API keys and make a deposit. Registration and Connection After visiting our platform – burvix.io, the first thing a…
European VASP regulation review
We are ready to share our experience and knowledge with you and have prepared a global report on crypto regulation throughout the European Economic Area. Our analytical review provides answers to questions on how to set up a company to operate a cryptocurrency business in all EEA countries. The report is available in two languages:…
The Regulatory Landscape for Virtual Assets: A Comprehensive Analysis of MiCA’s Supervisory Framework and Licensing Procedures in Europe: What to expect?
The Markets in Crypto-Assets Regulation (MiCA) has ushered in a new era for the cryptocurrency industry in Europe, signaling a shift towards a more unified and comprehensive regulatory framework. As the dust settles on this transformative legislation, it is imperative to delve into the details of the institutions tasked with supervising the burgeoning virtual assets…
Real Estate In Cyprus: Residentship and VAT Aspects
Prerequisites An auspicious route for non-European Union citizens seeking a residence permit in Cyprus lies within the investment scheme. This avenue necessitates the procurement of a property valued at a minimum of EUR 300,000, exclusively from a developer and of recent construction. The funds for this acquisition must originate from the applicant’s personal account in…
Navigating the Digital Dice: The Changing Landscape of Gambling Regulation in Ontario
In this article, we embark on a journey through the rapidly changing landscape of online gambling regulation in Ontario. A brief overview of the gambling industry in Canada Canada has its own regulation of the gambling industry. In order to carry out any gambling-related activity in Canada, you must obtain regulatory approval (usually at the…
Starting a legal crypto business in the U.S.: choosing a state
In the last article on the U.S. “The first step in obtaining a crypto license in the U.S. – MSB registration” we wrote about the need to register as an MSB as the first step to a legal crypto business. As stated earlier MSB registration with FinCEN is only one of two legal requirements, once…
Trading and Cheering: How Fan Tokens Have Altered the Dynamics Between Sports and Fans
History and Essence of Platforms Speaking of fan tokens, it’s crucial to mention the leading player in the market – the socios.com product. Founded in 2018, it has released over 60 fan tokens for various sports categories, including football, basketball, and even esports. The primary blockchain platform they utilize is the Chiliz Blockchain, an Ethereum-based…
Australia’s Crypto Regulation: Safeguarding Digital Assets in a Transformative Landscape
The plan involves subjecting crypto exchanges and digital asset platforms to existing financial service laws and introducing licensing requirements for platform operators. This article delves into the details of Australia’s crypto regulation proposal, its implications, and the broader context of the evolving digital asset landscape and the implications for various digital assets, including the increasingly…
Navigating the Uncertainties: Australia’s Cryptocurrency Taxation Guidelines in the DeFi Landscape
Australian Tax Office (ATO) issuing new guidelines on decentralized finance (DeFi) activities. While the guidance aims to provide clarity, concerns have been raised within the legal community about its non-binding nature and the resulting confusion among investors. In this article, we explore the intricacies of the ATO’s guidelines, highlighting the challenges they pose and the…
New Financial Promotion Regime for Cryptoassets in the UK
the Financial Conduct Authority (FCA). However, growing concerns over consumer protection and potential offenses related to misleading cryptocurrency advertising have prompted authorities to expand the FCA’s regulatory reach. The new financial promotion regime, which will come into force on October 8, 2023, now falls under the restrictions on financial promotion of certain crypto assets set…
Playing by the Rules: Estonia’s Approach to Responsible Gambling
General understanding of gambling regulation in Estonia The regulator of gambling in Estonia is the Estonian Tax and Customs Board (“EMTA”). It is allowed to organize gambling that complies with the requirements of the Gambling Act (“Act”). The purpose of the Act is to set high standards for gambling operators, to provide measures to protect…
Gambling in Kahnawake: A Peek Inside the Mighty Regulatory Hub
Kahnawake Gaming Commission: its role and Regulations To legally provide gambling services, it is necessary to apply for a gambling license with the local regulator – the Kahnawake Gaming Commission (KGC) which was established by the Mohawk Council of Kahnawake in 1996. The KGC is comprised of three members appointed for two year terms by…
Algorithmic trading bots versus manual trading – which is better?
Advantages of algorithmic trading The main advantage of automated bots is obvious – these bots separate trading from the emotional influence of the trader. Operations are performed according to the specified algorithms, without the slightest influence of the human factor – indecision or emotional reactions to market fluctuations. This lack of emotions becomes a reliable…
The first step in obtaining a crypto licence in the U.S. – MSB registration
In our recent article: “Overview of regulatory requirements for cryptocurrency companies in the U.S.” we discussed the general requirements for obtaining a cryptocurrency license in the United States. Today we are going to talk about the first step on the way to a legal crypto business in the U.S. – registering as a Money Services…
Isle of Man’s Bet on Innovation: An Analysis of Online Gambling Framework
This system is designed to ensure a gaming environment which is fair, transparent and safe, balancing the interests of both operators and consumers. As a pioneer in online gambling, the jurisdiction is regularly updating its legal framework to meet emerging challenges and opportunities in the rapidly changing digital gaming landscape. This adaptability has attracted a…
Singapore is proposing rules to control cryptocurrency speculation in retail markets. Here’s the latest update
The Monetary Authority of Singapore stated on November 23, 2023 that the proposed regulations, informed by public feedback, outline business conduct and consumer access measures to mitigate potential harm. Singapore’s Payment Services Act, a regulatory framework governing payment services and the provision of crypto services to the public, became effective in January 2020. Subsequently, Singapore…
The biggest corporate fine in history – what’s next for BINANCE
What did we miss? We recently published an article “Overview of regulatory requirements for cryptocurrency companies in the U.S.” where, among other things, we touched on the legal uncertainty and regulatory risks associated with providing cryptocurrency services to US citizens, as on Tuesday 21 November 2023, the global crypto community was shocked by epochal news…
Buying Real Estate with Crypto
By following these outlined steps and collaborating closely with UAB Manimama Exchange, the investor can seamlessly leverage cryptocurrency for the purchase of real estate while navigating the necessary legal and compliance processes. photo source
Altcoin season – how to recognize and earn
This is relevant even when we are talking about the main locomotive of the cryptocurrency market, which is BTC. Compared to this, smaller coins, which number in the hundreds on cryptocurrency exchanges, show even lower predictability. However, this does not repel, and often even attracts gold-seeking traders. It is such cryptocurrencies that are able to…
IT Park in Uzbekistan: A strategic location for digital development
The meaning of IT Park in Uzbekistan In July 2019, the first IT Park was opened in Tashkent, Uzbekistan. IT Park is a complex of facilities, buildings and structures designed to launch and bring to market prospective startup projects, an extraterritorial free economic zone for IT companies, including integration with research and educational institutions. According…
Overview of regulatory requirements for cryptocurrency companies in the U.S.
All this also applies to the cryptocurrency sector – it is easy for prospective crypto startups to get loans or any kind of investments. However, as usual, there are “buts” everywhere. The US has a general rule: “If any company wants to provide any kind of financial services to US citizens (individuals and legal entities)…
How to obtain an automatic residence permit or long-term resident status in Belgium
Third-country nationals, i.e. those who are not EU or EEA citizens, can reside and work in Belgium for more than 90 days within a 180-day period after obtaining, inter alia, an automatic residence permit or long-term resident status in Belgium. This article highlights the important aspects of obtaining these statuses, providing clear information on the…
How to obtain a fixed-term residence permit in Belgium
The advantages include the following: The residence permit, in addition to being an identity document, allows you to: Grounds for obtaining a permit The main grounds for obtaining a fixed-term residence permit are as follows: The procedure for obtaining a fixed-term residence permit First, a third-country national must apply for a D visa abroad at…
Cryptocurrency Compliance: Georgia’s Approach to VASP Regulation
On June 13, 2023, the President of the National Bank of Georgia approved Order No. 94/04, which is a Rule of registration, cancellation of registration and regulation of the VASP at the National Bank of Georgia. So, from July 1, 2023, a new regulation came into force in Georgia, defining VASP and requiring registration with…
Spot or margin trading? What to choose for trade
A key difference To begin with, let’s analyze the basic concepts. Spot trading is the easiest method of working in cryptocurrency markets. Because it literally means buying or selling a commodity (cryptocurrency) for an existing asset. In addition to simplicity, this method has a number of advantages – the main one – the purchased cryptocurrency…
Tokenization in Germany. Rules and perspectives
Asset tokenisation is mainly used in blockchain technology, where assets are fragmented and represented as tokens on a digital ledger (mostly security tokens). This makes it easier for investors and traders to buy, sell and exchange assets, as well as providing transparency and improving the security of transactions. Peculiarities of asset tokenization in Germany On…
Crypto Licensing in El Salvador: A Pathway to Financial Innovation
it became the first country in the world to accept bitcoin as legal tender on June 9, 2021, as stipulated in the Bitcoin Law. This historic decision has attracted global attention and investment, positioning the country as a center for digital innovation and financial technology. The government’s proactive approach to creating a regulatory framework for…
Crypto in Seychelles: lawless frontier or opportunity awaits?
While countries are struggling to deal with crypto-assets issues, the small island nation of Seychelles finds itself in a singular position – it stands out for not having a comprehensive regulation of crypto-assets.This article gives you an overview of the specifics of crypto regulation in this jurisdiction. Current situation with regard to the cryptoregulation in…
Risk Scoring of Travel Agencies
As is well known, money laundering occurs in three stages: placement, layering, and integration. The nature of travel agencies allows them to be used in all three stages. That is why VASPs and other obligated entities should carefully think about the risk scoring of travel agencies; do not rush to assign them a low or…
Canada: Legal clarity regarding Stablecoins
The supervisory authority for securities in Canada – Canadian Securities Administrators (CSA) has provided specific guidelines regarding the trading and issuance of stablecoins. CSA provided further instructions to cryptocurrency trading platforms regarding its “interim approach” for dealing with the trading of crypto assets that are tied to a specific value (including those commonly known as…
Understanding Corporate Taxation in the UAE: Key Considerations
And, in general, as a company in the field of developing solutions for blockchain, we have come to the conclusion that this jurisdiction is interesting not only from the point of view of regulation, but also from the point of view of taxation. The tax has appeared, we are ready to talk about it and…
Manimama Exchange experts: about fundamental analysis in cryptocurrency trading
Fundamental analysis, which is a mandatory and favorite factor for many by many as a factor for the growth or decline in asset value on financial markets, is not yet fully adapted for cryptocurrency. This is a fairly young class of assets and the fundamental basis for determining their market value has not been fully…
Breaking New Ground: South Africa Pioneers Crypto Regulation by Mandating Exchange Licenses
From the bustling financial centers to the flourishing technology sector, South Africa’s allure lies in its multifaceted advantages that beckon both local and international entrepreneurs. The Government of South Africa is diligently aligning its legal framework with contemporary technological advancements and actively pursuing competitiveness on a global scale, just like its counterparts across different continents….
Welcome to Hong Kong: The Government Extends Open Arms to Crypto Exchanges Amidst Global Regulatory Shifts
The introduction of Hong Kong’s licensing system for cryptocurrency firms serving individual traders, especially while the United States maintains a more cautious regulatory stance, could be seen as a potential opportunity for the city, according to insiders from the industry. The prospect of establishing operations in Hong Kong has garnered increasing attention from digital asset…
Company formation in the Cayman islands
Against a background of high levels of privacy and data protection, the Cayman Islands attract businessmen seeking to ensure the anonymity of their financial transactions. The rich financial infrastructure and experienced professionals make these islands an ideal choice for setting up and managing offshore companies. ADVANTAGES OF COMPANY FORMATION IN THE CAYMAN ISLANDS The main…
Gambling in India – regulation and changes in 2023
Gambling in India enjoys considerable popularity in both physical and online formats. This exciting activity not only attracts a lot of participants but has also played an important role in boosting the economic growth of the country. Gambling operators not only provide an opportunity for people to have fun but also play a major role…
Curaçao Implements Stricter Standards for Online Gambling Operators under National Gambling Ordinance (LOK)
The new legislation, known as the National Gambling Ordinance (LOK), is currently under review by the Advisory Council and is expected to introduce more rigorous rules in the gambling industry, focusing on anti-money laundering measures, fraud prevention, and player protection. Minister Silvania emphasized the importance of transparency and compliance, demanding operators to adhere to legislation…
Andorra’s Digital Assets Law: Paving the Way for Technological Innovation
With its favorable regulatory environment, political stability, and strategic location, Andorra offers numerous opportunities for businesses seeking to operate in the crypto industry. This article aims to provide businessmen interested in venturing into Andorra with a comprehensive overview of the cryptoregulatory landscape, ensuring a smooth and compliant entry into this growing market. Legal Framework Andorra…
Understanding the Dynamic VASP Act Regulations in BVI: A Detailed Analysis of the Latest Changes
It is designed to regulate activities related to virtual assets, including cryptocurrencies, to prevent their use for illicit activities. In this article, we look at the VASP regulatory framework in the BVI, including its scope, requirements and impact on the virtual asset industry in that jurisdiction. Definition of VASP and exemptions The Virtual Assets Service…
MiCA: on the creation of a single European market for virtual assets
Therefore, there is no single legal definition of the nature of crypto-assets in the EU. This situation makes their owners vulnerable to risks, limits the development of the market, limits the possibilities of innovative digital services, alternative payment instruments, becomes a platform for market manipulation and a basis for financial crimes. But in the near…
Brunei: small but rich sultanate
Advantages of doing business in Brunei The challenges of doing business in Brunei Taxation There are no following types of taxes in Brunei But there are types of taxes such as: Prospects for it and crypto business Brunei has a small but growing IT industry, and there are opportunities for businesses looking to invest in…
Labuan: your gateway to business success in Southeast Asia
Labuan is home to Labuan International Business and Financial Centre (hereinafter: – “IBFC“), a free economic zone. IBFC is one of the fastest-growing jurisdictions in the Asia-Pacific region, offering a unique business environment conducive to company growth and development. The top reasons why Entrepreneurs choose Labuan We have selected the top reasons why you should…
Crypto in the Spice Isle: Navigating Grenada’s Cryptoregulation Landscape
In addition, Grenada has attractive investment programmes such as the Citizenship Investment Programme, which allows investors to obtain Grenadian citizenship in exchange for investment in the country’s economy. This can provide investors with additional benefits such as freedom of movement, access to new markets and the opportunity to improve their international business profile. In addition,…
Welcome to Monaco!
Monaco is an exceptionally attractive place to do business. The country is known for its simplified company registration procedures and transparency of the process. A limited liability company (SARL) is the most common organizational form of legal entity in Monaco. Benefits of Doing Business in Monaco One of the main advantages of Monaco is its…
Regulatory environment of cryptocurrencies in Bahamas
Bahama’s sand dollar The Bahamas has been relatively progressive in its approach to cryptocurrency regulation, recognizing the potential benefits that it can bring to the country’s economy. In 2019, the Central Bank of the Bahamas announced that it would be launching a digital version of the Bahamian dollar, known as the Sand Dollar. The Sand…
Cryptocurrency regulation in Thailand
REGULATORY FRAMEWORK As we know, cryptocurrency is not legal currency or legal tender in Thailand. But despite this, on May 14, 2018, the Emergency Digital Asset Business Decree B.E. 2561 (Digital Asset Decree; hereinafter referred to as «DAD») was passed, which aims to regulate initial coin offerings (hereinafter referred to as «ICOs») in Thailand and…
France – innovations and high-tech country
France is also a world leader in innovation, modern technology and research and development, which is also facilitated by state policy and a highly educated workforce. In addition to the positive dynamics of the development of modern technologies, France also legalized cryptocurrency. The state is also positive about cryptocurrencies, but only if they are regulated….
Metaverse in the Emirates – DMCC vs. ADGM
Technological advancements open a range of opportunities for game developer companies to meet the demand of the new generation of gamers, while they might be challenged trying to establish the legality of Web 3.0 projects. The United Arab Emirates has been supporting and welcoming IT companies and shows tremendous support to the web3 community and…
Bahrain – virtual asset regulation
Bahrain`s economy doesn`t depend on oil unlike other countries of the Persian Gulf. So regulation of the cryptocurrency sector was a good solution to boost the economy. Thus, today Bahrain stands in the way of the development of the cryptocurrency market. Regulation The Central Bank of Bahrain (Central Bank of Bahrain; hereinafter – “CBB”) is…
Trademark protection in Ukraine
However, the more well-known a trademark is, the more appealing it becomes not just to consumers but also to fraudulent manufacturers. According to this, the purpose of this article is to present the Ukrainian trademark regulation and current market conditions. The concept of a trademark and its types An unusual piece of intellectual property is…
Cryptocurrency regulation in Croatia
However, Croatia is not only attractive in the context of tourism investments – it is an open market that offers many opportunities for entrepreneurs and investors. In recent years, the government has implemented many policies to create a favorable business environment in accordance with EU laws and regulations. Among the innovations is the regulation of…
Regulative environment of Virtual Assets in Romania
Regulation of cryptocurrencies in Romania At the current stage, in Romania there is no separate legislative paper on cryptocurrencies which establishes rules and procedures for their treatment, acquisition and use. Romania, like many countries that have not adopted special rules at the national level, but uses the EU regulatory framework for cryptocurrencies. Main regulatory authorities…
License for Virtual Assets Service Providers in Uzbekistan: prospects for Crypto business
Earlier, we wrote that Uzbek Citizens are now allowed to trade with crypto assets in licensed crypto exchanges. In July 2022, the National Agency on Perspective Projects of the Republic of Uzbekistan (hereinafter referred to as: – “NAPP”) which is the licensing authority in the field of circulation of crypto assets announced licensing procedures for…
Cryptocurrencies in Argentina. Myth and reality
With the aim to protect its savings against inflation, to prevail the ban on purchase and sale of foreign currency abroad and the government did not prohibit using crypto currencies, therefore making their use legal. To protect their employees from constant fluctuations in exchange rates, it also allowed employers to pay salaries in cryptocurrency. CONTEMPORARY…
VASP in Slovakia – regulatory overview
With a small population of only 5.5 million people and high economic growth, the country positively treats foreign investment for its economic growth. Every person has the right to register as an entrepreneur or set up his own company in Slovakia. Doing business in Slovakia is also attractive in terms of the location of the…
Netherlands – regulatory status of Cryptocurrencies
The jurisdiction offers many advantages to potential investors and business owners. The Netherlands combines first-class infrastructure with a strategic location in continental Europe, which makes it more attractive to European, Asian and American companies that are looking to expand their presence. The government actively supports technological innovations, in particular, cryptocurrencies. This approach gives cryptocurrency companies…
Amendments in Hong Kong Crypto regulation
Recently, the government has represented that it will have a more balanced approach to regulation of the cryptocurrency sphere, to ensure investor and user protection. In particular, the Amendment Bill announced in 2022, aims to introduce important changes to regulation of Virtual Assets under the auspices of the Anti-Money Laundering and Counter-Terrorist Financing Ordinance (hereinafter:-“AMLO”)….
Iceland – world’s leading digital currency miner
These business perspectives might raise questions on the legality of virtual assets and the governments’ attitude towards them. So, let’s clarify, what is legal, what is not? What says the Regulation The government does not recognise cryptocurrencies as a legal tender, as the central bank has the exclusive authority to mint money or issue currency…
Norway – Regulation of Crypto and Virtual assets
According to the Norwegian Government Financial Market report 2021, the virtual asset market has grown rapidly in Norway in recent years, and it has grown especially strongly over the past year. During the pandemic, Norwegian consumers have been increasingly looking for new savings and investment options. Cryptocurrency during this period attracted special attention, compared to…
Regulatory landcape of Denmark on Crypto-assets
The advantages of opening a business in Denmark: One of the most serious problems for foreigners wishing to do business in Denmark is to obtain a temporary residence permit. For foreign nationals from third countries there are certain conditions and restrictions, the main of which is to obtain a Danish residence permit. Citizens of the…
Finland – current regulatory measures for Virtual assets
Finland decided to follow the example of other countries and adopted a separate legislative act at the national level with the aim of regulating issues related to the circulation of crypto assets. Legislative measures The active development of the regulation of virtual assets in the countries of the European Union began after the adoption of…
Sweden – regulation of virtual assets
Cashless society According to Sweden’s central bank, the Sveriges Riksbank (hereinafter:-“SR”), the proportion of Swedes who use cash fell from 39 to 9% between 2010 and 2020. According to the 2021 Worldpay Global Payments Report, Swedes utilized cash for only 9% of all transactions in 2020. These statistics provide reasonable grounds for believing that cryptocurrencies…
Regulation of Cryptocurrencies in Serbia
In this regard, it is estimated that around 200,000 people in Serbia own cryptocurrencies. This unstoppable digitalisation of the capital market required appropriate regulation, namely the adoption of the Law on Digital Assets (hereinafter: – Law). Serbia is one of the few countries that have adopted such a law. It is the first law in…
Greece cryptocurrency regulation
Despite this dynamic, the Greek government has yet to implement particular regulatory measures, nor has it “modernized” one of the existing regimes applicable to market participants that use blockchain technology or cryptocurrencies. As a consequence, digital asset markets are completely unregulated. In essence, cryptocurrency transactions are the responsibility of the individual conducting them. The Hellenic…
Cryptocurrency regulation in Bulgaria
Bulgaria’s under-appreciation makes it attractive in the context of doing business. So what advantages does Bulgaria offer to entrepreneurs? First of all it’s economic security, developed sphere of foreign trade, Bulgarian currency peg to Euro and therefore stability of the exchange rate, encouragement of investments for business development, access to European markets and many others….
Status of Cryptocurrency and Tokens in Albania
Laws and definitions On September 1, 2020, the Law “On Financial Markets Based on Distributed Ledger Technologies” (hereinafter referred to as the Law) came into force in Albania, which regulates legal relations in the field of cryptocurrency circulation in Albania. The Albanian legislator has determined that its purpose is to regulate the issuance of digital…
Free Trade Zone – Dubai Multi Commodities Centre
Dubai Multi Commodities Centre (hereinafter: – “DMCC”) – is a prestigious Free Trade Zone (FEZ) in Dubai, one of the most popular and fastest growing free economic zones. The Free Zone was established in 2002 to expand commodity trade flows through Dubai and is a seven-time winner of the “World’s Best Free Zone” according to…
Token offering in Abu Dhabi Global Market – Regulation and classification
As we discussed earlier (article – Cryptoregulation in the ADGM free financial zone), ADGM remains to be a leading crypto-regulator in the UAE. This time, we will shed a light on regulatory approaches towards the crypto token offering in this special economic zone and discuss the classifications set out by the governing rules in the…
Cryptoregulation in the ADGM free financial zone
The Abu Dhabi Global Market Free Zone (hereinafter referred to as – “ADGM”) is a tax-free international financial services center located on Al Maria Island in the heart of the UAE capital Abu Dhabi. The Free Zone is administered by three independent bodies: the Registration Authority, the Financial Services Regulatory Authority (hereinafter referred to as…
UAE Tax regime
Income Tax There are no taxes on personal income and capital taxes in the UAE. The UAE does not charge personal income tax, and this applies to both UAE citizens and expats. For foreign employees, the same rules apply here as for locals when it comes to income tax. Accordingly, there is no obligation to…
Regulatory overview of crypto assets in UAE
The federal government initiated Blockchain Strategy 2021, with a purpose of capitalizing blockchain technology to transform 50% of government transactions through blockchain technology. Favorable tax regime, Special financial free zones and governmental support for blockchain and DLT technologies are highly promising Virtual assets business in the country. The article will discuss the current state of…
Business regulation in the UAE
In this article, we will briefly discuss the legality of doing business in the UAE and the procedure for taxing businesses and key regulatory updates that directly affect the business environment in the UAE. Commercial Companies There are several options for incorporationg of legal entities and business registration in the UAE: Foreign companies can also…
Business visa in the UAE
This system allows foreign citizens to live, work and do business in the UAE without the need of a national sponsor as it was before. People who obtained such a visa can set up their own business with 100 percent of ownership. Depending on the category of an applicant, the visa is issued for 5…
India Cryptocurrency regulation
Since 2017, the Reserve Bank of India (hereinafter: “RBI“) has expressed significant worries regarding cryptocurrencies. RBI issued a circular in April 2018 (“Ring-Fencing Circular”) prohibiting any RBI-regulated entity from dealing in digital currencies or offering services that assist anyone in dealing with digital currencies. Money laundering, consumer protection, market integrity, cybersecurity, and volatility are among…
Interactions with Turkmenistani independent contractors: what does the law say?
Foreign companies can conclude contracts in cooperation with citizens of Turkmenistan: In this article, we will try to provide the most in-depth analysis of the identified problem and answer the question: if your partner or contractor is from Turkmenistan, what is the best way for him to be formalized, what contract to conclude with him,…
Cryptocurrency regulation in Vietnam
Vietnam, which is still considered to be the developing country in the world economy, in fact leads Southeast Asia in terms of digital technologies and its young and digitally savvy population is eager to adopt innovative digital financial solutions, including cryptocurrencies. Moreover, about a million Vietnamese already use cryptocurrencies: this figure is expected to grow…
Token offering in Spain
As we have already discussed recent regulatory updates by the Spanish government on taxation and registration matters for the purposes of anti money laundering in our earlier article, this time we will broadly examine the categories of tokens and the recent regulatory guides on how commercialization of tokens is treated for investment law purposes. LEGAL…
Cayman Islands: virtual assets regulatory overview
Current policies The following list of laws form a general regulatory framework for virtual assets sector within the Cayman Islands: As of 2020, the government introduced a novel regulatory framework for businesses in the virtual assets industry, called the Virtual Assets (Service Providers) Act (hereinafter:- “VASPA”). The act implements Financial Action Task Force (FATF) recommendations…
Taxation of crypto staking in the United States
Which is to say, stakers receive rewards from cash in savings accounts, the same as getting dividends from stocks. Although from US federal law perspective, digital currencies are treated differently than fiat currencies and stocks for income tax purposes. Personal Income Tax With reference to the Internal Revenue Service (hereinafter: – “IRS”, convertible virtual assets…
Uruguay Cryptocurrency regulation
REGULATORY STIMULANTS One of the Uruguayan lawmakers – Juan Sartori proposed a new bill to legalize crypto-assets and give them a legal tender status. Considering this legislative proposal, it is possible to have some insight on how the Uruguayan authorities plan to define and determine the legal characteristics of crypto assets and blockchain technologies. Additionally,…
Cryptocurrency regulation in Costa Rica
But there are countries that do not yet have appropriate legislative measures in place, including Costa Rica. The country is known for its openness to fintech technologies, combined with political and economic stability, the tax regime – Costa Rica is considered one of the best jurisdictions for opening offshore business in Latin America.The purpose of…
Nigeria Cryptocurrency regulation
Despite the fact that Africa has the smallest cryptocurrency economy compared to any other region of the world, it’s still showing the most dynamic growth. According to Chainalysis, Africa’s cryptocurrency market has grown over 1200% by value received in the last year. Talking about Nigeria, the last one has entered the top 20 countries in…
Crypto assets: Regulative approach by Germany
Amended KWG Amended German Banking Act (“KWG”) became effective as of January 2020 that covered the definition of crypto assets applicable to the financial market. Specifically, according to section 1 Paragraph 11 of KWG, crypto-assets are ‘digital representations of a value that is neither issued nor guaranteed by a central bank or public entity and…
Contemporary regulation of digital assets in France
Financial Markets Authority (hereinafter:- “AMF”) even initiated a blacklist of unauthorized companies and websites to increase awareness of consumers. The article analyzes the current state of the legislative regime initiated by the French government to address regulatory risks brought by cryptocurrencies. Legislative framework It is believed that for the cryptocurrency to meet the legal sense…
Regulatory scope of crypto businesses in Netherlands
Legislative framework There is no law that regulates ICOs and token issuance. Virtual assets do not fall under the regulatory scope of monetary policy as they do not fulfill the role of money in the Netherlands. Anti-Money Laundering and Combating Terrorist Financing Act (hereinafter:- “AML Act” defines a virtual currency as ‘a digital representation of…
Taxation of cryptocurrency transactions in Poland
In 2019, the legislative body eliminated doubts by introducing statutory measures to address the taxation regime of profits made from digital currencies. The article analyses the amended legislative acts, specifically Personal Income Tax Act (hereinafter “PIT” Act); Tax on civil law transactions Act (hereinafter: “PCC Act”) and Tax on goods and services Act (hereinafter: –…
Updates on regulation of crypto actives in Spain
Cryptocurrencies are per se not securities, neither are they legal tender in Spain. Whereas recent regulatory amendments have required all virtual currency service providers to obtain a registration status to legitimately carry out their business activities in Spain. The article will discuss up to date regulatory measures and taxation regimes which directly affects the virtual…
Italy cryptocurrency regulation
Thus there is a growing need for governmental intervention and Italy is cautious about the disquieting rise of cryptocurrencies. The article analyzes how the government has chosen regulation over prohibition to set up its own legislative framework. Attempts to define crypto assets The government of Italy has been attempting to define cryptocurrencies and related digital…
Singapore Payment Service Act application on Crypto-currency and fintech business
The legislative body of Singapore passed the Payment Services Act on January 14, 2019 (hereinafter:- “PSA”), with the aim to adjoin crypto exchange providers and dealers under the supervision of the Monetary Authority of Singapore (hereinafter:-”MAS”), central bank and financial regulator. The Act established a flexible framework for payment service providers and certainty for consumer…
Recent legal moves in Uzbek Crypto arena
What are the key legal changes? Crypto asset trading In accordance with the order by The National Agency of Project Management, (hereinafter:- “NAPM”) which came into force from November 23, 2021, residents of Uzbekistan can now freely trade crypto assets with other residents of Uzbekistan in national currency (uzbek soums), while they can only sell…
Brexit impact on UK-based financial institutions
The current PSD2 provides that a payment or electronic money institution that has applied for and obtained authorisation from its home Community country may operate as a “Community payment institution” (or “Community electronic money institution”) in other countries of the European Union: The cross-border operation of EU institutions is guaranteed by the so-called “passporting rules”…
Updates on regulation of cryptoactives in Poland
Cryptocurrency transactions in Poland have been de facto legal in the country until November 2021, since there were no rules prohibiting the exchange and trade of cryptocurrencies. In accordance with the new amendments to the Act on combating money laundering and the financing of terrorismon combating money laundering (hereinafter referred to as the “AML/CFT Act”),…
Cyprus E-money service regulation Act: application on blockchain and virtual money
The Cyprus government is taking steps to bring some clarity to the vague legal framework of the crypto-assets sector. The regulatory incentives, in line with favourable corporate income tax rate (12.5%) seem to attract more investment into virtual assets business. With this in mind, it is worth discussing if recent developments are enough to meet…
Online gambling regulation in South Korea
Korean Citizens are prohibited to engage in gambling activities and have hardly any options to gamble. Gambling facilities in the country are open to everyone, but Koreans. It is worth highlighting that gambling sector is not developed in the country, yet it is a tourist attraction tool of the government. Basics of gambling regulation Gambling…
Malta – blockchain island in Mediterranean
Progressive attitude towards virtual currencies positioned Malta as the champion in crypto regulation for its plain legal framework and efforts to furnish legal certainty to the industry. Being an EU based jurisdiction might add another value to do business, in lieu of choosing an offshore country. Malta is appealing to an increasing number of fintech…
Lithuania AML Act application on blockchain and fintech business
EU Regulators demand financial institutions to execute identity checks to verify their clients and to ascertain that they are not dealing with money laundering or terrorist financing. To implement EU Money Laundering Directive into it’s legislation, the government of Lithuania has amended its statutory regulations and by laws, specifically: Under LPMLTF, businesses are required to…
Cryptocurrency regulation in Canada
Regulators seem to recognize the importance of innovation and market integrity, as the Bank of Canada is considering the issuance of a central bank digital currency to support the resonance of the digital economy. So it is worthy to shed some light on existing regulatory measures in Canada to see what is happening in the…
UK Tier 1 (Investor) visa Overview
Eligibility Individuals who are ready to invest at least £2,000,000 (€2,365,300) and meets following eligibility requirements can apply for a Tier 1 (Investor) visa in the UK: Documents to be provided The following documents are needed to file an application for a visa under par: The documents should be issued within 6 months of the…
Procedure for obtaining gaming-license in Curacao
The Curacao e-gaming licensing authority, on the other hand, is in charge of guaranteeing that its licensees work within the scope of the guidelines established by the Government of Netherlands Antilles and ensures that they follow the standards of client service. One universal license covers all the type of gambling activities, such as: Master license…
Mining with Nvidia RTX A4000. Relevance, payback on 1.11.21
Probably the best card for rig building right now is the Nvidia A4000. It has a turbine cooling system, is very compact, and is covered by a 3-year official warranty. A single 8-pin power connector helps to simplify the selection of power supplies for them. Pros: Minuses: In Ukraine these video cards currently cost 50,000…
Online gambling regulation in Singapore
Gambling industry of Singapore is currently regulated by following authorities: The Remote Gambling Act (2014) (hereinafter referred as “RGA”) regulates online gambling activities; Section 8 of the RGA states that anyone who gambles through remote communication and uses a remote gambling service shall be guilty of an offence. The subject act extensively defines the gambling…
Jersey Cryptocurrency regulation
Jersey remains as a leading fintech, STO and ICO jurisdiction, and its position for being technology friendly can be underlined by the incorporation of global technology companies such as world’s first regulated Bitcoin investment fund, GABI Plc or the world’s largest technology fund – SoftBank in Jersey. Since 2019, Jersey Financial Services Commission (hereinafter referred…