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…

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…

Cryptolicense in Saint Lucia: New Opportunities for Investors

Saint Lucia is developing a regulatory framework for cryptocurrencies, but it has not yet enacted specific legislation. Saint Lucia’s corporate tax system varies for resident and non-resident companies, with different tax rates and exemptions. Recent changes include a territorial system and adjusted tax treatment of IBCs. The CARICOM agreement prevents double taxation for member states despite the absence of other tax treaties. While Saint Lucia has not yet enacted specific legislation, it is actively developing a regulatory framework for cryptocurrencies.

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…