A Cryptocurrency Exchange License is a very valuable asset and enables you to be a part of a rapidly expanding market. With new cryptocurrencies being introduced every day, a cryptocurrency exchange acquires even more important as people seek to change their existing cryptocurrencies to others or even obtain cryptocurrencies in exchange for payment of fiat currency. The major cryptocurrency exchanges conduct business worth millions of dollars every day. With an increase in volumes of trading, the potential for revenue generation becomes higher.
If you want to expand beyond cryptocurrencies, the flexible nature of the license means that businesses can provide a wide range of additional services including payment services, foreign exchange, and securities dealing, financial consulting, depository agent activities, and merchant services, through a single license.
A license for a Kazakhstan Crypto Exchange is issued by the Kazakhstan National Bank and the Ministry of Economy of Kazakhstan. The documentation requirements for a Kazakhstan Crypto Exchange License are minimal. There are no requirements for office, staff, business references or a compliance officer. There is also no minimum paid-up capital requirement. There is a possibility of 100% foreign ownership and the Tax rate can be reduced to close to 0% through permitted structuring
The fee for an application for a license varies on a case to case basis but is considered being among the most cost-effective in the world. A license is generally granted within 6–8 weeks of submission of a fully completed application.