Cryptocurrency is a digital currency which makes use of peer-to-peer technology to operate without a central authority. It is a technology which enables functions not possible when using other payment systems.
Bitcoin is the first decentralized digital currency in the world, which has become increasingly popular in the last few years.
The legal status of cryptocurrencies varies from country to country and is still undefined or is changing in many of them.
While some countries have explicitly allowed its use and trade and permit usage for business and license companies, others have banned or restricted it.
Should you wish to start your own legal and licensed bitcoin exchange business, Contact Us!
TBA will provide you all the support and advice you need to consider before you launch your own bitcoin/cryptocurrency exchange and help you setting up both a licensed crypto to fiat and fiat to crypto exchange companies and registering your ICO (initial coin offering) company.
Moreover, and to provide you a proper solution, we have agreed with some of the banks we have legal protocols with, to arrange opening bank accounts for Bitcoin trading companies:
– Duly registered with its Regulator or FSA, and its registration might be accessible on the Regulatory website;
– The Bitcoin trader has AML policy and KYC procedures;
– The Bitcoin trader has an operative website;
For the Isle of Man Licensed Bitcoin traders, we can provide corporate account, trading account and e-merchant account.