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Perspectives for fintech development in Ukraine

The Law of Ukraine “On Payment Services” has been  adopted, but will come into force from August 1, 2022. The section regarding open banking will come into force from August 1, 2025. Below we analyse what opportunities this Law opens up for the development of financial technology activities in Ukraine. The Law establishes the framework…
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Obtaining a Money Service Business license in Canada

Canada is an ideal destination for business owners and investors who want to expand into a foreign market. Canada has a stable economy, which will prevent you from the risks of business shutdown. Some of the reasons for this economic stability are low tax rates, freedom to do trade and the well-managed bureaucracy. Money Service…
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License options for the legal exchange of cryptocurrencies

The cryptocurrency market is developing rapidly, so the governments of many countries have decided to legally regulate the field of cryptocurrencies. It is important to note that the legalization of cryptocurrencies is important, both for the state and for users. Therefore, in order to legally conduct cryptocurrency exchange activities in a particular country, it is…
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New EU Proposal on Money Laundering

The Anti-Money Laundering Authority (AMLA) is a new body for combating money laundering in European Union which will coordinate the national efforts of the EU countries in this area and take over the support of risky international financial transactions. The AMLA will focus on addressing current shortcomings in AML/CFT supervision within the EU. It will…
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FinTech Trends for 2021

Micro-Services Micro-services help Fintech with the flexibility required to create innovative technology. Micro-services are developed to solve the problem of monolithic design by breaking up applications into smaller  independent services. As they offer a unique technology proposition and allow the development of independent applications, it is possible to meet specific business requirements. Artificial Intelligence and…
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Cryptocurrency regulations in the United Kingdom

From 10 January 2020, the Financial Conduct Authority (FCA) became the anti-money laundering and counter terrorist financing (AML/CTF) supervisor for cryptoasset businesses. Also, the FCA is part of the United Kingdom’s Cryptoassets Taskforce. The Cryptoassets Taskforce report lays out the UK’s policy and regulatory approach to cryptoassets and distributed ledger technology in financial services. It…
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Digital Banking License in Singapore

Singapore has favorable conditions for launching new projects and innovative solutions in modern technologies sphere. The regulatory framework for financial institutions stimulates development of innovative products. Therefore,  the number of registered fintech companies in the country is rapidly increasing. Recently the Monetary Authority of Singapore (MAS) has approved first digital banking licenses. The digital banking…
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How to get a gambling license in the Isle of Man

The Isle of Man is one of the most popular jurisdiction for obtaining a gambling license. The government of The Isle of Man was one of the first to enact legislation in the sphere of online gaming regulation. Gambling license of the Isle of Man regulates the following types of services: casino; bingo; lottery; betting,…
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Obtaining crypto license and setting up a bank account in Gibraltar as alternative to Estonia and Malta

Cryptocurrency and Blockchain have already become part of the rapidly developing economy. There is a number of countries declaring their crypto-friendly position for those who are considering obtaining a crypto license. One of the best jurisdictions to obtain a cryptocurrency license is Gibraltar (Distributed Ledger Technology Provider (DLT) License). The DLT license exists since January…
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