Solution for crypto providers

Advapay offers services for building a solution for crypto operators* - crypto converters, exchanges, ICO-projects, including infrastructure and IT components:

* Advapay OÜ does not render services of crypto currency exchange for end users. Our service is infrastructural organization for business enabling our customers to perform transactions with crypto currencies, but not the service of performing these transactions.

Company registration and
obtaining relevant licenses
Establishing relations
with partners: banks, PSPs, etc.
IT component – a special
CANOPUS Crypto software

Jurisdictions

Memorandum of law

One of the most topical questions among both experts and enthusiasts is government control of crypto currency market.

Control of crypto currencies is realized in different ways in various jurisdictions: certain countries prohibit their use, and some recognize them as a payment instrument. Europe is the center of crypto currency development. It established regulatory bodies, which entailed adoption of laws to control this new financial and technological branch at the start of its development. Bitcoin operations are treated as payment transactions with currencies, coins and bank notes, and bitcoin is not qualified as taxable asset.

The European Union adopted Directive 2018/843/EU of the European Parliament and the Council of the European Union on amendments to Directive 2015/849/ЕU on the prevention of the use of the financial system for the purpose of money laundering and terrorist financing, as well as on amendments to Directives 2009/138/EU and 2013/36/EU. For simplicity the title was abbreviated to 5AMLD (The Fifth Anti Money Laundering Directive). The Directive is aimed at strengthening the fight against money laundering and terrorism financing, as well as at increasing transparency of information on beneficiary (real) owners of companies and trusts.

Get in contact with Advapay for details on building a solution for crypto providers.