Vanuatu Cryptocurrency / Digital Asset License
Obtaining a Digital / Virtual Asset License in Vanuatu – How Does the Process Work?
- To kick off the process, our team will ask for the desired name of your exchange upon which we’ll establish a new local company
- Once the entity has been successfully registered, the license application process can officially commence
- Our team will send a list of the documents / KYC required to apply for the digital asset license, which will then need to be completed before we start the application process
- Once the application has been submitted, our team will remain in contact, providing updates from the VFSC as they come to us
- Upon successful approval of the license, we’ll also assist with the establishment of a bank account for your newly licensed digital exchange
Important Facts Related to Vanuatu Digital / Virtual Asset Licenses
- A physical presence in Vanuatu is required in order to maintain the license
- The VFSC requires all licensed crypto exchanges to obtain indemnity insurance
- The license is officially classified as Class D which allows the older to trade in digital assets
- Capital is set at $500,000 for all exchange related activities and is in the form of a local government bond
- Total time to obtain a license varies between 6 – 8 months
Atomiq Consulting – Your Cryptocurrency Licensing Partner
Only a handful of consultation firms possess the in-depth knowledge and experience that is required to successfully apply for a cryptocurrency license in Vanuatu. Our combined years of industry experience and expertise in the realm of financial regulation are just a couple of the reasons that VASPs around the globe have chosen Atomiq Consulting to process their virtual asset license application. Should you have additional questions about the application process or are simply looking to get started, we are more than happy provide our assistance.
Contact Us for a Quote!
To learn more about the set up process, fees, and address any other questions related to a digital asset license in Vanuatu, don’t hesitate to contact us.
Vanuatu Virtual / Digital Asset License, Regulation, and Registration FAQ
Are there any licensed crypto exchanges in Vanuatu currently for sale?
In addition to license consultation, we can also assist you in acquiring an existing exchange or brokerage. Because our offers vary based on availability in the market, it is best to contact us directly to discuss our current offers.
Does Vanuatu regulate stable coins and DeFi projects?
Yes. By obtaining a digital asset license in Vanuatu, it is possible to offer stable coins and launch DeFi related projects.
How long does it take to obtain a digital / virtual asset License?
While each application is unique in nature, we currently estimate it will take 6 – 8 months to obtain a cryptocurrency license in Vanuatu.
What is the name of the regulator responsible for overseeing cryptocurency / digital asset regulation in Vanuatu?
The Vanuatu Financial Services Commission (VFSC) regulates all financial services, including virtual assets.
Which digital asset / crypto currency license jurisdictions are similar to a Vanuatu?
From our experience, the only offshore destination comparable to Vanuatu would be Labuan, Malaysia.
How can one become a Virtual Asset Service Provider (VASP) in Vanuatu?
By applying for a virtual asset license and obtaining license approval, once can legally operate as a VASP in Vanuatu.
Does the Vanuatu government / authorities permit NFTs?
Yes. Virtual Asset Service Providers licensed in Vanuatu are permitted to issue NFTs.
Is crypto legal in Vanuatu?
Yes, it is now possible to legally operate a cryptocurrency exchange in Vanuatu. In July, 2021 the Parliament of Vanuatu amended the Financial Dealers Licensing Act [CAP 70]. Known as the Financial Dealers Licensing (Amendment) Act No. 9 of 2021, it is now possible to legally operate as a VASP in Vanuatu.
Is it possible for a licensed crypto exchange in Vanuatu to apply for a bank account?
Yes, as part of our services we can assist with local banking and other payment services.
Is there a directory of licensed digital asset exchanges in Vanuatu?
Yes, all exchanges licensed by the VFSC can be found in the public directory of the Vanuatu Financial Services Commission.
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