Cryptocurrency Licensing Services & Legal Solutions

Atomiq Consulting offers consultation services for crypto / digital asset regulation and licensing in all parts of the globe. Our knowledge and level of services are not limited to a specific jurisdiction or region, making us the ideal partner to assist your business with all aspects of the crypto licensing process. With over a decade of experience in forex & CFD broker licensing, we leverage our knowledge of financial services to offer detail orientated and professional consulting services to crypto exchanges, token projects, Web 3.0 initiatives and more.

Crypto / Digital Asset Licensing Jurisdiction Overview

Jurisdiction Key Benefits
🇲🇾 Labuan, Malaysia Access Southeast Asia’s markets with favorable tax regimes and a progressive regulatory environment.
🇲🇹 Malta One of the first jurisdictions in the EU to offer crypto licensing, now fully MiCA compliant.
🇻🇬 BVI Reputable offshore jurisdiction where major exchanges like Huobi and BitFinex are licensed.
🇸🇻 El Salvador The first country to recognize Bitcoin as legal tender; a DASP license is a cost effective way to launch your crypto exchange.
🇯🇵 Japan Operate under one of Asia’s most reputable crypto regulatory systems, ensuring high compliance standards and investor trust.
🇨🇭 Switzerland Benefit from a well-established and globally recognized licensing framework, ideal for fintech and blockchain enterprises.
🇿🇦 South Africa Tap into Africa’s growing crypto market with a regulatory environment that supports innovation and expansion.
🇻🇺 Vanuatu Establish operations in a cost-effective offshore jurisdiction with flexible licensing options for crypto businesses.
🇻🇨 SVG One of the most cost effective offshore crypto destinations.

How to Get a Crypto License? – A Step by Step Process

1. Selecting The Jurisdiction
The jurisdiction you select will depend on factors such as target regions, budget, and type of crypto project (exchange vs securitized token project). Our team will work with your group to help you select the best region based on your specific needs, keeping pricing and other factors in mind.

2. Submit KYC & Business Documentation
Regulators will require basic Know Your Client (KYC) documentation for each owner which is a copy of government issued ID and proof of residency. In addition, we’ll require specific details about your crypto project especially the software. The majority of regulators will require a detailed outline of the software, stress testing, security protocols as well as data management. Finally, a business plans and AML documentation will also be required, a services we can assist with.

3. Submit The Application
Once all documentation has been gathered and compiled, we’ll proceed to submit the application with the local regulatory authority. We’ll then wait for the regulator to provide their feedback as well as comments which usually takes several months.

4. License Approval & Banking
The regulator will issue the final approval. Depending on the region, it is often required that a local bank account must be opened to inject capital. Our team can also assist with additional banking and payment options.

Crypto Licensing Checklist – What to Consider Before Applying for a License

✅ Consideration
✔ Ability to Issue ICOs
✔ Taxes
✔ Reputation of License
✔ Recurring Costs
✔ Desired Regions to Target

Why Choose Atomiq Consulting for Your Crypto License Application?

Atomiq Consulting was founded in 2014 by CEO Jonathan Baumgart. Initially focusing on forex broker licensing consultation, Atomiq Consulting expanded into cryptocurrency licensing as the industry expanded. With a decade of experience in offshore and continental licensing (EU, Asia), you are in good hands with our team of professional consultants. Not only can we assist with an application but we also provide guidance with bank accounts, Payment Service Providers (PSPs), and other payment solutions.

Get a Price Quote on our Licensing Services Today!

    🌐 Looking For an Unlicensed Jurisdiction? Explore Global VASP Registration Options

    Jurisdiction Key Benefits
    🇨🇷 Costa Rica A cost effective & efficient option for VASP registration.
    🇵🇦 Panama One of the fastest ways to register a VASP in South America.

    Crypto / Virtual Asset Service Provider License FAQ

    What is a crypto license?

    A crypto license allows an exchange or digital asset firm the ability to legally offer their services in the region offering the regulation. Digital asset firms seek licensing for several reasons. First, a crypto license offers a level of credibility over non-regulated companies. Secondly, licensed crypto firms have better access to banking and other payment facilities compared to their non-licensed counterparts. Finally, crypto specific technology often requires some type of regulation in order for the exchange or digital asset project to operate.

    How much is a crypto license?

    Crypto licensing in certain jurisdictions can be obtained with budgets less than $50,000. Specific costs are region-dependent due to local costs as well as regulatory requirements. Factors that play a role in the cost calculation are number of required directors, local office rental fees, paid up capital requirements, as well as government fees. Generally speaking, jurisdictions in Europe such as Cyprus and Switzerland tend to be the most expensive while South American jurisdictions like El Salvador are the most cost effective.

    What is a VASP?

    A Virtual Asset Service Provider often referred to as a VASP is a business providing services in the realm of cryptocurrency. A VASP doesn’t necessarily have to be a crypto exchange, it can be a Web 3.0 project, a firm that tokenizes assets, or a fund managing crypto investments among other services.  

    Is crypto legally regulated?

    Yes, cryptocurrency is legally regulated in a variety of countries across the globe. Europe in particular has a very detailed and comprehensive regulatory framework for for the regulation of cryptocurrencies which includes focus on Anti-Money Laundering (AML) along with cybersecurity and other types of data protection measures.  

    What is a DASP?

    A Digital Asset Service Provider, DASP, is a company whose main focus of business centers around cryptocurrency. This specific terminology is used primarily for regulation in El Salvador where a unique license is granted for companies providing cryptocurrency services. A more common term to describe crypto firms is a Virtual Asset Service Provider or VASP.

    How to get a crypto exchange license?

    To get a crypto license, one must first select a jurisdiction which will depend on costs, target regions, and other factors. After a jurisdiction has been selected, one must then apply for the license which involves paying government fees and supplying specific documentation about the business as well as owners. Once the application has been submitted, one must wait several months in order for the local regulator to review and approve the license.

    What is MiCA?

    Markets in Crypto-Assets Regulation (MiCA), aims to provide a harmonized legal framework for crypto assets across EU member states. The advantage in MiCA is that each EU member state has the same rules and guidelines to follow, making it easy to obtain regulation regardless of the country. An additional benefit is the ability to passport regulation across all EU states.

    About the Author

    This article was written by Jonathan Baumgart, Founder and CEO of Atomiq Consulting. With over a decade of experience in the forex industry, Jonathan specializes in helping businesses launch brokerages and navigate global licensing requirements.

    Connect with Jonathan on LinkedIn



    Blog Posts

    View all posts