I'm curious about the financial aspect of obtaining a
crypto exchange license. Could you elaborate on the approximate cost involved in this process? I understand that it may vary depending on various factors, but a general estimate would be helpful. Are there any upfront fees or recurring costs associated with maintaining such a license? Additionally, is there a significant difference in cost between different jurisdictions or countries? I'm aiming to make a financially informed decision and would appreciate your insights on this matter.
5 answers
Claudio
Wed Jul 17 2024
The cost of obtaining a cryptocurrency exchange license in Estonia stands at approximately 30,000 EUR.
SolitudeSeeker
Tue Jul 16 2024
Estonia, which has become a hub for numerous European crypto exchanges, demands that new entrants register a company and submit an application to the Financial Supervision Authority of Estonia (FSAEE).
emma_lewis_pilot
Tue Jul 16 2024
The application process for the license in Estonia necessitates the submission of several key documents. These include a certificate of incorporation, which verifies the legal existence of the company.
Caterina
Tue Jul 16 2024
Additionally, a Know Your Customer (KYC) certificate is required, which ensures that the exchange adheres to stringent customer verification measures.
Stefano
Tue Jul 16 2024
Risk evaluation documents are also part of the mandatory submission, aimed at demonstrating the exchange's ability to mitigate potential risks in the cryptocurrency market.