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- +971565227317
- Our Address
- Masdar City Freezone, United Arab Emirates
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- Mon - Fri : 8:00 am to 5:00 pm
Regulatory Licenses
Regulatory Licenses
The number of countries that require companies that deal in digital assets such as cryptocurrencies to have a license to operate is increasing. In the coming years, a regulatory license will be required for any company that is seeking to provide any or all of the following activities:
- Issuing, selling, or redeeming virtual coins, tokens, or any form of digital asset.
- Operating as a payment service provider business utilizing digital assets, which includes the provision of services for the transfer of funds.
- Operating as a digital asset exchange
- Operating as a digital asset derivative exchange provider
- Operating as a digital asset services vendor
- Providing custodial wallet services
Applying for one of the above licenses is complicated, time-consuming, and requires thorough preparation. Firstly, you must determine which license is required for the activities you perform or wish to perform.
Our Approach
In consultation with you, we determine whether – and if so, for which services – a license must be applied. Based on the available information, supplemented by one or more interviews, we gain an insight into your activities and the way in which processes are designed.
Then we determine which regulations apply to the specific licensing category and the legal requirements for qualifying for the necessary license. The compilation of an application file follows this.
You must have a fully organized application file, policy documents, and procedures that meet the regulator’s requirements. We can assist you with this by drafting these documents and procedures together or by assessing your current documents and procedures. In doing so, we consider not only the current situation but also the future situation of your organization. We will also advise you on any desirable changes in your organizational structure or governance to (further) increase the likelihood of a successful grant of the license.
Why GBA?
We can help you navigate the unchartered waters of applying for a regulatory license and make sense of the many required documents. You do not need to risk losing precious time and money by submitting incomplete, insufficient, or poorly written documents because of inexperience.