Poland
With the surging popularity of virtual currencies, Poland has emerged as an attractive destination for cryptocurrency businesses, offering favorable taxation and a streamlined legalization process. At Clearsky Network, we specialize in providing professional support for remotely obtaining a crypto license in Poland. In line with the directives of the National Bank and the KNF Financial […]
Estonia
Estonia is a leading destination for Virtual Asset Service Providers (VASPs). Beyond its breathtaking landscapes and forward-thinking culture, Estonia offers a clear and transparent licensing process for VASPs. The Estonian Financial Intelligence Unit (FIU) acts as the regulatory body, overseeing registration and ensuring compliance with Anti-Money Laundering and Counter-Terrorist Financing (AML/CFT) regulations. This clarity and […]
France
France takes a balanced approach to VASP regulation. The Autorité des Marchés Financiers (AMF), the country’s financial markets authority, oversees VASP registration and ensures compliance with Anti-Money Laundering and Counter-Terrorist Financing (AML/CFT) regulations. This commitment to regulatory clarity fosters a secure and trustworthy environment for VASPs to operate. At the same time, France actively fosters […]
Portugal
Portugal is rapidly emerging as a leading destination for Virtual Asset Service Providers. In 2023, the country witnessed a GDP growth rate of 2.2%, solidifying its position as a stable and secure environment for business ventures. Furthermore, the government actively fosters a pro-business climate, prioritizing initiatives like the PT2020 national strategy to propel the fintech […]
Spain
With a robust regulatory framework, favorable economic conditions, and a supportive business environment, Spain offers a compelling proposition for VASPs seeking to expand their global reach. Spain’s approach to VASP regulation strikes a balance between fostering innovation and safeguarding consumer interests. The Bank of Spain, the country’s central bank and financial regulator, oversees VASP activities, […]
Lithuania
Lithuania is rapidly emerging as a hub for innovation and a leader in the European fintech landscape. The country boasts a strong and growing economy, with a highly skilled workforce and a commitment to fostering a business-friendly environment. This progressive approach extends to the regulation of Virtual Asset Service Providers (VASPs), where Lithuania has established […]
Bulgaria
Bulgaria offers a unique opportunity for entrepreneurs seeking to establish a Virtual Asset Service Provider (VASP) business. Unlike many other jurisdictions, Bulgaria does not currently require a specific cryptocurrency license to operate. This eliminates a significant hurdle for businesses looking to enter the market quickly and efficiently. The country’s strategic location, favorable business climate, and […]
Italy
Virtual Asset Service Providers (VASPs) operating in Italy are governed by the agents and mediators organization In Italy (OAM), overseeing the provision of services related to virtual currencies to Italian clients. The OAM is in charge of keeping the VASP register and must verify whether the requirements for registration are met. In contrast to the […]
Slovakia
As for now, there is no formal dedicated regulation in Slovakia of Cryptocurrency, Cryptocurrency services in Slovakia currently operate in an unregulated environment, as they fall outside the oversight of the National Bank of Slovakia (NBS). all entrepreneurs who provide services of crypto currency exchange, storage, and maintenance of cryptocurrencies must register with the Trade […]
Czech Republic
Over the past decade, the Czech Republic has developed a well-advanced and sophisticated financial system complemented by transparent legislative frameworks. The robust crypto regulation in the Czech Republic fosters an environment conducive to hold reliable and trustworthy business operations, earning the confidence of clients. The Czech Republic is one of the most attractive jurisdictions in […]
