Regulators：Seychelles fsa
Regulatory region：Seychelles
License Type：VASP
Application price (USD)：*****
Application frequency：2-4months
Maintenance costs (USD)：****
Company summary：
Legal frames under which crypto regulation in Seychelles is performed, establishes fairly loyal conditions for ICO projects. Here, digital assets are not a currency and are not considered a payment instrument that is offered by financial firms. But at the same time, cryptocoins are more widely used locally. Thus, cryptocurrency is legal in Seychelles and covered by specific rules. Taking into account popularity of deals with digital assets, Committee on preventing monetary means illegal circulation and terrorism supporting outlined a rather strict and uncompromising position of the state in relation to virtual funds in which they appear, in accordance with the developed policy. Jurisdiction seeks to control crypto exchanges in Seychelles and circulation of virtual assets services companies (VASPs) registered locally to follow FATF standards.
Product details：
Get crypto Blockchain license in Seychelles VASPs’re companies that provide the exchange of virtual assets, incl. cryptographic currencies, non-fungible tokens, or utility tokens, such as Filecoin. In order to more clearly outline monitoring of crypto license in the Seychelles, local authorities have conducted a national risk assessment of digital means. Event was attended by the banking sector, corporate service providers, the insurance industry, the securities sector, and specialists in legal, accounting and auditing issues. As a result, it was revealed there’re many VASPs functioning locally, but since there’s no clear organizational structure for such enterprises, organizations must comply with a set of rules and regulative basis. Now in Seychelles, a system is being formed that could minimize the vulnerabilities associated with VASP. Crypto-currency firms get same Seychelles crypto license to operate as existing fiscal niche licensees, particularly, banking institutions. Locally
