El Salvador
El Salvador, a vibrant nation with a rich cultural tapestry and historical significance, has carved out a unique niche for itself in the global financial landscape by embracing cryptocurrency. In 2021, under the leadership of President Nayib Bukele, El Salvador became the first country in the world to recognize Bitcoin as a legal tender alongside […]
Bermuda
Bermuda’s progressive stance on digital assets has made it an attractive jurisdiction for VASPs, offering a supportive environment for blockchain and cryptocurrency businesses. With clear regulations and a commitment to transparency, Bermuda provides a stable and secure base for VASPs to thrive in the rapidly evolving digital asset landscape. Key Advantages: Unparalleled Financial Reputation: Bermuda […]
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, […]
Cayman Islands
The Cayman Islands, a British Overseas Territory, has emerged as a prominent destination for establishing Virtual Asset Service Providers (VASPs). With its robust regulatory framework, favorable tax regime, and well-established financial infrastructure, the Cayman Islands offers an attractive environment for VASPs seeking to operate globally. The Cayman Islands Virtual Asset Service Providers Act, 2020 (VASP […]
Saint Vincent & the Grenadines
Saint Vincent and the Grenadines (SVG), a nation of volcanic islands in the Eastern Caribbean, is taking proactive steps to establish a robust legal framework for Virtual Asset Service Providers (VASPs). This initiative is being spearheaded by the introduction of a VASP Act, designed to regulate the activities of VASPs operating within SVG’s jurisdiction. A […]
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 […]
