What requirements need to be met to obtain a license for cryptocurrency exchange?

[Agata]

Interesting. What requirements need to be met to obtain a license for cryptocurrency exchange? Can someone share their experience or knowledge?

 

[Enivid]

I have no experience in the area, but wouldn't this depend on the jurisdiction (country) where you want to open the crypto exchange and also on the countries where you would want it to operate in?

 

[agathao25]

I've heard that licensing for cryptocurrency exchange is becoming increasingly important with growing regulatory requirements. What are the risks associated with not complying with these requirements?

 

[NatureGirl]

U must select a jurisdiction, register a legal entity, provide necessary documentation like AML & KYC. every place has its own rules so stay on top of that to keep things smooth.

 

[Phill88]

You need to follow financial rules, anti-money laundering standards, and sometimes crypto-specific regulations Easy