Comoros Crypto License

A crypto license in Comoros is one of the most cost effective and efficient ways to obtain digital asset regulation. With no local substance fees, AML & cybersecurity requirements, or detailed business plan required, startup firms will find the speed and low costs an attractive option. This comes with significant drawbacks, namely the quasi regulatory status of the Union of the Comoros members such as Mwali and Anjouan. As a result there are serious reputational concerns one must bear in mind when considering a crypto regulation in Comoros.

Requirements For Obtaining a Comoros Cryptocurrency License

1 director; 1 shareholder
Budget of approximately $15,000
Director(s) and shareholder(s) KYC: ID copy and proof of residency
Fiat payment is not accepted by local authorities; crypto payment only

How to Get a Crypto / Digital Asset License in Comoros

Schedule a consultation with the team at Atomiq Consulting to review the requirements for obtaining a crypto license.

Following the consultation, our specialists will outline the complete process for securing a Comoros crypto brokerage license.

Prepare the necessary due diligence documents, including proof of identity and proof of address for all shareholders and directors.

Collaborate with the Atomiq Consulting team throughout the license application and submission process.

Once the application has been approved, allow approximately 2 – 3 weeks for the regulator to issue the license certificate.

After issuance, receive the license with optional assistance from our team for corporate banking solutions.

Comoros VASP License – Important Facts

No set capital requirements
Ability to offer perps / futures, staking, and spot trading
Local office and directors are not required
AML policy, business plan, and cybersecurity plan not required
New tokens or other projects can be launched in Comoros

Atomiq Consulting – Consultation & Guidance Related to Cryptocurrency Regulation

When evaluating crypto licensing jurisdictions, it is important to highlight that the Central Bank of Comoros does not formally recognize Mwali or Anjouan crypto regulation. While it is still possible to register a company and operate in these jurisdictions, one is doing so without the specific approval of the Central Bank. Furthermore, while one is issued a license, there is no specific regulatory authority that investors can appeal. These major risks should be strongly considered before obtaining this license.

Our goal is to provide our clients with the best information possible in order to select the licensing jurisdiction that best fits their criteria. We strongly suggest arranging a call with our team to discuss crypto licensing options in greater detail.

Contact Us Today to For a Free License Quote!

To learn more about applying for a crypto license in Comoros, discuss the fees, regulatory requirements and address any other questions, don’t hesitate to contact our team of license specialists today!