Cryptocurrency Q&A
Do crypto companies need a license?
Do crypto companies need a license?
CryptoAlly
Sun Nov 24 2024
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6 answers
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I am considering starting a crypto company but I'm not sure if I need to obtain any sort of license or permit. Do crypto companies require a special license to operate legally?
6 answers
CloudlitWonder
Mon Nov 25 2024
Cryptocurrency companies aiming to avail of banking services are required to secure a license from the Securities and Exchange Commission (SEC) for their operations.
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Caterina
Mon Nov 25 2024
Proper registration with the CAC is mandatory for these companies to legally operate in the cryptocurrency space and utilize banking services.
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CryptoWizardry
Mon Nov 25 2024
The SEC has stipulated that Virtual Asset Service Providers (VASPs), encompassing cryptocurrency exchanges, must fulfill a minimum paid-up capital prerequisite.
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Bianca
Mon Nov 25 2024
Among the notable cryptocurrency exchanges, BTCC stands out as a top player in the market. BTCC offers a range of services to its users.
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DondaejiDelight
Mon Nov 25 2024
This minimum paid-up capital requirement stands at ₦500 million, which converts to approximately $553,000 in US dollars.
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