GBO specializes in Crypto company formation in Europe

 

The European Union has adopted uniform laws that created a common regulatory scenario for finance in all the member states. Some countries have created a more favorable framework than others. Still, there are substantial differences between them when it comes to cryptocurrencies.

The European Union already regulates crypto financial business through the AMLD5. There will be further changes when the AMLD6 regulations come into force, probably at the end of 2024. The new law will probably define crypto assets as a new category of financial assets. Until then, they are not legally recognized as a currency.

 

GBO has been working in the cryptocurrency business in the EU since the beginning of digital currencies. Suppose you are looking for a crypto company formation in the most advantageous way. In that case, you should talk to our expert advisors to find the best way to get this done.

Find out how GBO will form your crypto company

    Based on the experience we have, we can suggest looking at the following countries first:

    crypto company formation in europe

    Crypto company formation costs

     

    Crypto company formation costs depend entirely on the country of domicile and the type of service being offered. GBO can prepare a detailed quotation outlining every company’s formation and licensing aspect.

     

    FAQ

     

    Why choose the Lithuania crypto license?

     

    Lithuania is one of the EU’s most advanced digital finance environments. It has the second-largest number of Electronic Money Institutions (only the UK has more.) In terms of the relative importance of digital banking, Lithuania is much bigger than others in the EU.

     

    What are the basic requirements for obtaining a crypto exchange license in the EU?

    GBO can work with you to set up a crypto exchange in the right country in about 6-10 weeks.
    The basic steps are:

    • Registration of a private limited company
    • Preparation of company documentation (Act of incorporation, Articles of association)
    • Preparation of license documents (AML /KYC / CTF) and details of the Ultimate Beneficial Owners (UBOs)
    • Application for the crypto license

     

    What are the main kinds of crypto wallets businesses in the EU provide?

     

    There are four kinds of wallets. The choice of which one a business needs depends heavily on the type of transactions and the required level of safety.
    Software wallets allow customers to manage their online crypto assets themselves. The wallets (also called online, mobile, desktop, and hot wallets) use cryptographic keys stored on a connectable device that has access to the Internet. They provide easier access but may be vulnerable to hacking.

    Cold wallets (also known as hardware wallets) are stored on a physical device that has no access to the Internet.

    Hosted wallets represent a digital record of crypto assets and are stored on a secure third-party web server. They can be linked to the user’s account. Like hot wallets, they are easier to use but more vulnerable to hacking.

    Decentralized wallets are a type of hosted wallet that reduces the security risks associated with hosted wallets. It doesn’t require a third-party service to transact or store the cryptocurrency.

    Recommended for you

    Crypto Gaming Platform
    19.07.22
    GBO will assist you to find and implement gaming platform which is based ion crypto payments Along with the growth of demand for more and better online casino gambling sites, there has been an explosion of interest in cryptocurrencies. Now, online casinos need to be...
    Cryptocurrency Online Casino Solutions
    18.07.22
    Crypto gaming and crypto gambling are terms used now to describe the use of cryptocurrencies as wagers in standard online casinos. In the same way as players can wager dollars, euros and pounds, they can now want to be able to place their bets in...
    Setting up a Cryptocurrency Bank Account for Your Business
    17.07.22
    We at GBO will assist you to find a Crypto business bank account in Europe When customers, suppliers and employees start to request to conduct business with your company and work using cryptocurrencies, it is essential that you have set up the proper banking channels...