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 […]

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 […]