Jurisdictions

The world is always your market if you are an online regulated business. 

When you are starting a venture the first questions to ask are where are my customers going to be based whilst I am proving the idea?

Oftentimes if more than a majority of the customers are based in one region then that is the natural place for establishment of the business idea.

However this is not always true for disruptive tech businesses.

Certain jurisdictions can be ideal for establishment of a fintech, blockchain, gamtech business. We have core jurisdictions that we work in as they are the most favourable to tech based regulated or quasi-regulated ventures.

We will work with you to help you discover the best jurisdiction for your venture. This will oftentimes involve us discussing your plans with you with regulators to assess their appetite for the idea.

Once you have decided on a jurisdiction to establish in then we can assist you with the corporate and banking structure that you will need. Then – where a license is required for your business in that jurisdiction – we will start the licensing process.

Of course at that stage you will be wanting to expand your market to new places. We will help you in that process of identifying new target markets and doing a jurisdiction assessment and advising you on the regulatory strategy for that market.


United Kingdom

Typical services:

Digital currency exchange set up with no-action
letter from Financial Conduct Authority

Digital currency derivative brokerage
authorisation from Financial Conduct Authority

Forex and derivative online brokerage
authorisation from Financial Conduct Authority

Electronic Money/ Payment Institution
authorisation from Financial Conduct Authority

Initial Coin Offerings (ICO) – issue of new cryptocurrency to finance the build of a new protocol or blockchain application

Crowdfunding licences – acquiring authorisation from the Financial Conduct Authority to provide equity crowdfunding

Consumer credit and P2P lending platforms – acquiring authorisation from FCA to operate an online credit platform


United States

Digital Currency exchanges – FinCEN registration
for Money Service Businesses (MSB)

Digital Currency exchanges –
State-by-State registration as MSBs

Digital Currency products – CFTC clearance

Payments and Stored Value licensing (MSBs)

Federal and State – Crowdfunding licensing


Hong Kong

Payments licensing – Money Service Operator (MSO) licensing from HK Customs & Excise

Stored Value – no-action clearance from HKMA/
full licensing as Stored Value Facility (SVF)

Digital currency exchange – regulatory
clearance and corporate set up

Initial Coin Offering (ICO) – issue of new cryptocurrency to finance new protocol or blockchain application. Regulatory clearance and corporate set up


Switzerland

Blockchain applications and business projects

Initial Coin Offering (ICO) – issue of new cryptocurrency to finance new protocol or blockchain application. Regulatory clearance and corporate set up


Luxembourg

Digital currency exchange – Payment Institution
licensing from CSSF

Electronic Money licensing