Why Don’t You Try to Build Your Crypto Exchange in Slovakia? Prifinance Can Do It for You
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Loading... - Oleg Kubis
- 15 Feb 2023
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If Slovakia interests you as a potential destination for your investments, Prifinance attorneys are prepared to facilitate entering the local market.
Are you looking for a reliable European jurisdiction where to start your crypto project?
There are many options that are frequently underestimated by investors. However, these options open many opportunities for launching and running a crypto project across the globe at lower costs.
In the European region, Slovakia is among such options that are not widely known. Founding a crypto startup here promises to be a profitable endeavor.
Two major reasons confirm that:
This jurisdiction is open to foreign capital;
Slovakia adheres to the major European compliance standards but has applied strict control measures to prevent money laundering.
There are two main nuances to address in the case of Slovakia:
An interested investor has to found a company and obtain a license for doing operations with crypto assets
Professional attorneys from a Prifinance company are ready to facilitate getting a cryptocurrency license in Slovakia if this option already sounds to be good for your business objectives.
Crypto License in Slovakia: Application and Support
Cryptocurrencies are treated in Slovakia as digital assets that are not issued or guaranteed by the central bank (the National Bank of Slovakia). If an entrepreneur wishes to start a crypto exchange, all operations that are going to be carried out through it are considered to be financial in nature. Therefore, a license for dealing with crypto assets is required. Obtaining this authorization is possible after implementing these actions:
Registering a crypto company. A statutory capital in the amount of EUR 5,000 will be required in this case. Depending on the type and scope of activities that are going to be carried out through the future exchange, extra funds have to be reserved. The amount of such capital varies from case to case. Read More…
