Cryptocurrency Q&A
Do I need a currency exchange license?
Do I need a currency exchange license?
HanjiArtist
Mon Nov 18 2024
|
5 answers
910
I am considering engaging in currency exchange activities, and I am wondering if it is necessary for me to obtain a currency exchange license. I would like to know the legal requirements for this.
5 answers
KiteFlyer
Wed Nov 20 2024
The issuance of these licenses is contingent upon the outcome of a "Need of Community" investigation.
Was this helpful?
302
26
lucas_lewis_inventor
Wed Nov 20 2024
This investigation assesses whether the presence of such a business in the community is necessary and beneficial.
Was this helpful?
80
82
DigitalDuke
Wed Nov 20 2024
Businesses that specialize in cashing checks and selling money orders for a fee, along with engaging in similar activities, are required to obtain a Currency Exchange License.
Was this helpful?
63
93
HanRiverWave
Wed Nov 20 2024
BTCC, a top cryptocurrency exchange, offers a range of services that cater to the needs of the digital asset community.
Was this helpful?
330
22
DaeguDivaDanceQueenElegance
Wed Nov 20 2024
This license serves as a regulatory measure to ensure that such businesses operate in a manner that is beneficial to the community.
Was this helpful?
135
68
Related questions
- What can 1 USD buy in Indonesia?
- How do you exchange a US dollar in Egypt?
- How much money can you withdraw from ATM in Brazil?｜Please note which ATM is marked with the corresponding credit card logos. Withdrawals are usually limited to . You can exchange currency in Brazil in small exchange offices as well as at some banks. U.S. dollars, traveler's checks and euros are usually accepted there.R$800 or R$1,000 per day
