The central goal of the MiCA Regulation is to create uniform rules for crypto assets and related services throughout the EU, which should help increase transparency, security, and reliability of financial transactions in this area. The regulation is focused on protecting investors and consumers, preventing money laundering and terrorist financing, and ensuring the stability and…

Imishore Consultants understand that applying for an Australia AFS License (also referred to as Australia Financial Services Licence) with the Australian Securities & Investments Commission  (ASIC) can be a very daunting process. That is why we have a dedicated licensing team to support you right from the beginning of the application to the end.  Imishore‘s…

Operating within a legal framework as a forex licensee ensures that your business is conducting operations transparently and ethically, and reduces the risk of legal issues or regulatory penalties. Having a forex license also enhances the credibility and legitimacy of the business in the eyes of key stakeholders. This, in turn, helps build trust among…

The popularity of virtual assets in Hong Kong has significantly increased over the past few years, with more and more people and businesses becoming interested in investing in cryptocurrencies and other digital tokens as well as securing Hong Kong cryptocurrency licenses. This boom is partly due to the rise in popularity of Bitcoin and other…

Hong Kong Virtual Asset Service Providers (VASPs) are businesses that offer services related to virtual assets, such as buying, selling, storing, and transferring cryptocurrencies or digital tokens. According to a survey by the Hong Kong Blockchain Association, the number of Hong Kong residents owning cryptocurrencies increased by 75% in 2020, with Bitcoin being the most…

In Hong Kong, under the Anti-Money Laundering and Counter-Terrorist Financing Ordinance (“Anti-Money Laundering Ordinance”), a person who operates a money-changing service or a remittance service is a money service operator and must be licensed by the Hong Kong Customs and Excise Department.In this article, Imishore Consultants’ team of licensing experts has provided an overview of…

Imishore Consultants’ team of expert attorneys and chartered accountants has years of experience securing relevant payment license for our international clients intending to operate money service business in the jurisdiction of their choice. Our service package for securing an MSO license in Hong Kong includes everything you need to register company in Hong Kong and…

The cryptocurrency market has received a lot of attention in recent years from free-market enthusiasts like us. What began as a few people’s dream has grown into a dependable, consistent, and profitable business. Estonia is usually regarded as the finest cryptocurrency licensing jurisdiction. And Imishore Consultants’ team of professionals can assist you in promptly obtaining…

In this article, I will focus on where to start a cryptocurrency exchange in 2022. That is, where to incorporate a new cryptocurrency exchange. Which countries are friendly to startup cryptocurrency exchanges and why you should consider each based on your business model.Countries are not listed in any particular order. You should select your jurisdiction…

A Mexican SOFOM is a complex entity used for many purposes and the most powerful financial entity or structure in Mexico after a full banking license. In fact, a SOFOM is often the most efficient path to a banking license in Mexico. Mexico is a prime destination for American investors looking to grow their portfolios. Its…

The United Kingdom encourages and promotes entrepreneurship. According to the Best Countries for Entrepreneurs report done by the US News & World Report, the UK is the fourth-best country in the world for entrepreneurs. Starting a business in the United Kingdom can be difficult, especially if you are not a European Union citizen. In this…

This post will consider why card issuers and certain fintech businesses have compliance requirements and how those KYC and AML rules translate to transaction monitoring rules within the core system or compliance system. The focus of this post is on anti-money laundering and related transaction rules. Know Your Customer (KYC) and Anti-Money Laundering (AML) rules are…

Most startups focus on tech, testing, and finding customers in the early days. But, a complete compliance program should be the first thing a fintech, crypto, or credit card issuing business should build because this governs onboarding and nearly all aspects of the business. Also, your compliance program and documents are the keys to maintaining good…

In this post, I’ll explain why I believe Bermuda is the best jurisdiction for an international bank in nowdays and what’s required to build an international bank in Bermuda. This is a relatively new jurisdiction, with only one completed case as of this writing. But, I expect big things from Bermuda and for them to…

The best “pure offshore” offshore bank license jurisdiction in nowdays is St. Lucia. Here’s what you need to know about opening an offshore bank in St. Lucia, including the capital, operations, correspondent accounts, etc.  If you’re thinking about opening a bank in St. Lucia, this is a must-read. I say that St. Lucia is the best…