Why do i need a cryptocurrency licesnse
In order to carry out trades in cryptocurrency exceeding a certain amount on platforms operating certain market types, a person does require a trade license. The procedure to be undergone in acquiring one for exchanges, corporate and individual use heavily relies on the jurisdiction of the platform however, there is usually a set of common requirements, which must be met in any jurisdiction regardless, chief among them being full compliance with anti-money laundering regulations and policies.
Many jurisdictions offer different licenses: one for cryptocurrency exchange and second one for individuals operating using a trade signal firm for high yield trades. Prior to acquiring cryptocurrency trading license, it is essential to understand your ultimate goals and operations you want to perform.