Crypto Licensing — Worldwide

Get Your Crypto License in the Right Jurisdiction — First Time

We are a specialist legal firm helping crypto exchanges, fintech startups, custody providers and Web3 projects obtain regulated licenses in 15+ jurisdictions worldwide.

  • 15+ Jurisdictions covered
  • 200+ Successful licenses
  • 8+ Years specialist focus
  • 95% Application success rate
15+ Jurisdictions covered
200+ Successful license applications
8+ Years of specialist crypto practice
95% Application success rate

Jurisdictions

License frameworks we cover

17 active jurisdictions across Europe, MENA, APAC, Americas and offshore. Click through for regulator details, capital requirements, timelines and the lead expert in each market.

United Arab Emirates

VARA / FSRA (ADGM) / DMCC / DFSA (DIFC)

  • Timeline: 9–14 months (VARA); 6–10 months (ADGM)
  • Tax: 9% (free zone exemptions)
United States

FinCEN + 50 state regulators + NYDFS + SEC

  • Timeline: FinCEN: weeks; MTL: 6–18 months; BitLicense: 18–24 months
  • Tax: 21% federal + state
United Kingdom

Financial Conduct Authority (FCA)

  • Timeline: 12–18 months (FCA)
  • Tax: 25% corporate
Singapore

Monetary Authority of Singapore (MAS)

  • Timeline: 9–12 months
  • Tax: 17%
Hong Kong

SFC + HKMA + Companies Registry (TCSP)

  • Timeline: 12+ months (VATP)
  • Tax: 8.25–16.5%
Switzerland

FINMA + SROs (e.g. VQF)

  • Timeline: SRO: 2–3 months; Fintech: 6–9 months
  • Tax: 12–21% (cantonal)
Cayman Islands

Cayman Islands Monetary Authority (CIMA)

  • Timeline: 10–16 weeks
  • Tax: 0%
British Virgin Islands

BVI Financial Services Commission

  • Timeline: 8–12 weeks
  • Tax: 0%
Panama

No crypto-specific regulator (general law)

  • Timeline: 1–3 weeks (incorporation)
  • Tax: 0% on foreign-source income (territorial)
Canada

FINTRAC + AMF (Quebec)

  • Timeline: 8–12 weeks
  • Tax: 26.5–31% (federal + provincial)
El Salvador

CNAD

  • Timeline: 4–8 weeks
  • Tax: 30% (territorial nuances)
Australia

AUSTRAC + ASIC

  • Timeline: DCE: 6–12 weeks; AFSL: 6–9 months
  • Tax: 30% corporate
Jersey

Jersey Financial Services Commission (JFSC)

  • Timeline: 12–20 weeks
  • Tax: 0–10%
Gibraltar

Gibraltar Financial Services Commission (GFSC)

  • Timeline: 16–24 weeks
  • Tax: 12.5%
Georgia

NBG / FIZ administrators

  • Timeline: 4–6 weeks
  • Tax: 0% reinvested / 15% distributed (FIZ)
Montenegro

Local regulator (evolving)

  • Timeline: 8–12 weeks
  • Tax: 9–15%
Bosnia & Herzegovina

Local regulator (evolving)

  • Timeline: 8–10 weeks
  • Tax: 10%

All jurisdictions →

License taxonomy

What kind of crypto license do you need?

Crypto regulation is fragmented across acronyms — VASP, CASP, VATP, VARA, MSB, MTL, EMI, DCE, DLT, TCSP. Each maps to a different activity and a different regulator. Match your model to the right one before you commit to a jurisdiction.

VASP

Virtual Asset Service Provider

BVI · Cayman · Georgia · Montenegro · Bosnia

CASP

Crypto-Asset Service Provider (MiCA)

EU member states under MiCAR

VATP

Virtual Asset Trading Platform

Hong Kong SFC

VARA

Virtual Assets Regulatory Authority

Dubai Cat 1–4

MSB

Money Services Business

USA FinCEN · Canada FINTRAC

MTL

Money Transmitter License

USA state-by-state (×50)

EMI

Electronic Money Institution

UK · EU · Singapore

DCE

Digital Currency Exchange

Australia AUSTRAC

DLT

Distributed Ledger Technology Provider

Gibraltar GFSC

TCSP

Trust & Company Service Provider

Hong Kong CR

Why work with us

What sets Crypto License Network apart

Specialist focus

We handle crypto licensing exclusively, not as a side practice. Every partner has shipped applications in their region within the last 90 days.

Multi-jurisdictional bench

15+ active jurisdictions with in-house counsel in five offices. We do not subcontract regulator-facing work to local boutiques you have never met.

Application success rate

We pre-qualify clients before applications, not after. If a regime is not realistic for your model, we say so on the first call — even when it costs us a fee.

Banking matters

A license without a bank account is a paperweight. We secure both, and we tell you up front when banking, not the regulator, is the bottleneck for your model.

Post-license support

We do not disappear after approval. Annual filings, MLR audits, regulator change-of-control approvals and AML program updates run on a retainer with a named partner.

Our 5-step process

From first call to ongoing license maintenance

01

Strategy

Jurisdiction shortlist, license type mapping, banking compatibility check.

02

Incorporation

Local entity, substance requirements, director and beneficial owner structuring.

03

Application

Business plan, AML manual, IT security, financial projections, capital deposit.

04

Approval

Regulator Q&A, supplementary submissions, on-site interviews where required.

05

Ongoing support

Annual returns, AML audits, MLRO function, change-of-control filings.

The team

Senior counsel, not a directory of contractors

Three anchor partners cover Europe, MENA & APAC, and the Americas & Offshore. Two senior specialists lead MiCA implementation and AML/KYC. Every engagement is partner-led from the first call.

Daniel R. Whitmore

Founder & Managing Partner

Founder of Crypto License Network. Dual-qualified Solicitor (E&W) and NY Attorney. LLM Financial Regulation, LSE.

Jurisdictions: UK · USA · Jersey · Gibraltar

Layla A. Hassan

Partner — Head of MENA & APAC

Founding partner. Lead authority on UAE virtual asset regulation (VARA, ADGM FSRA, DMCC) and APAC licensing.

Jurisdictions: UAE · Singapore · Hong Kong · Australia

Marcus T. Andersson

Partner — Head of Americas & Offshore

16 years of international tax structuring and offshore corporate experience. Admitted to BVI, Cayman and Sweden Bars.

Jurisdictions: Canada · El Salvador · Panama · BVI

Full team →

General crypto licensing questions

What is a crypto license and do I need one?
A crypto license is regulatory authorisation to provide virtual asset services such as exchange, custody, broker-dealer activity or token issuance. You generally need one if you handle customer funds, run an order book, custody assets, or issue tokens to the public. Pure DeFi protocols and self-custody wallets often fall outside scope, but the question depends on your jurisdiction and your role in the value chain.
Which is the cheapest crypto license to obtain?
The cheapest fully-regulated routes are typically Georgia FIZ, Panama (general law), El Salvador DASP and Bosnia & Herzegovina VASP — all under USD 30,000 in legal and government fees and live in 4–10 weeks. Substance and ongoing AML costs can push the real total higher, so always compare year-one and year-two costs, not just application fees.
Which jurisdiction is best for a crypto exchange?
For institutional credibility: Singapore MPI, Hong Kong VATP, UAE VARA or ADGM, and EU MiCA CASP. For faster time-to-market: Georgia, Lithuania, Czech Republic and BVI. The right answer depends on customer geography, banking partners, and whether you need US-resident access — which has no quick path.
How long does it take to get a crypto license?
Timelines range from 4 weeks (Panama, Georgia FIZ) to 24 months (UK FCA, NY BitLicense). Median for an institutional-grade license is 6–12 months. The bottleneck is rarely legal drafting — it is regulator review queues, fit-and-proper checks on directors, and capital wiring. Plan for at least one round of supplementary questions.
Can I operate a crypto business from an offshore jurisdiction?
Yes — BVI, Cayman, Panama and El Salvador all support fully-licensed crypto businesses with 0% corporate tax on qualifying income. The trade-offs are banking access, MiCA passporting (none) and customer trust signals from US/EU institutions. Many groups combine an offshore holding with an onshore licensed entity rather than going pure-offshore.
What is the difference between VASP, CASP and VATP?
VASP is the FATF-aligned global term used in BVI, Cayman, Georgia and many emerging regimes. CASP is the EU MiCA term, replacing national crypto regimes from 30 December 2024. VATP is Hong Kong’s SFC-specific designation for trading platforms only. They cover overlapping activity but with different capital, custody and conduct rules.
How much does a crypto license cost?
Application fees range from USD 5,000 (FinCEN MSB) to USD 100,000+ (UAE VARA Cat 4). Capital requirements range from zero (BVI substance-based) to USD 5 million (Wyoming SPDI). Add legal fees of USD 30,000–250,000 and recurring annual costs of USD 50,000–300,000 for AML, audit and director services. We provide a full year-one and year-two budget on the first call.
Can I buy a ready-made licensed crypto company?
Yes, but with caveats. Ready-made companies exist in Lithuania, Estonia (legacy VASP), Canada (MSB), Czech Republic and a handful of Caribbean jurisdictions. Regulators must still approve the change of beneficial ownership, which takes 4–12 weeks and can be refused. Always price the deal on regulator approval risk, not on the seller’s timeline.