The price of Bitcoin has already surpassed $100,000 and continues to rise. Not only market whales but also numerous everyday users holding relatively small amounts of crypto have managed to profit significantly. Interest in Bitcoin and dozens of altcoins continues to grow, along with the number of areas in which they are applied:

  • Investments yielding profits from high volatility and price growth;
  • Payments for various goods and services, now accepted by an increasing number of online and offline stores;
  • Affordable and fast transfers, including cross-border ones;
  • Circumventing many banking restrictions, among others.

Companies and various online services make great profits through exchanges and other cryptocurrency operations. Starting such services today is quite straightforward; to operate legally, you need to obtain a license in one of the countries, which coredo.eu can assist with by providing a tailored solution.

Why This Sector is Promising

Bitcoin is the foundational cryptocurrency and the first on the market, but today, there are numerous alternatives. Each of them is built not only on a unique name but also on a specific concept and opportunities based on blockchain applications. For example:

  • Solana (SOL): Designed for decentralized applications and cryptocurrencies, offering extremely low transaction costs and high throughput.
  • Ethereum (ETH): Focused on smart contracts and hundreds of decentralized applications (dApps), supporting various tokens and protocols ranging from gaming to financial services.
  • Avalanche (AVAX): Built for blockchain networks with high throughput and low latency.
  • Ripple (XRP): Used for fast and cheap international payments.
  • Cardano (ADA): Emphasizing security.
  • Polkadot (DOT): A system aimed at interoperability between different networks.
  • Litecoin (LTC): An alternative to Bitcoin, supporting fast and affordable cryptocurrency transactions.

Blockchain technology and decentralized finance (DeFi) hold vast potential, as does the entire system. Some countries are launching or planning to launch national digital currencies (CBDCs), bringing the moment of crypto’s global market recognition closer. The attractiveness of investments, savings, and performing various operations with cryptocurrencies is evident.

Licenses

To operate legally in the cryptocurrency market, obtaining a license is necessary, and coredo.eu can assist with this. Several countries offer such permits, with the most popular options today being:

  • Estonia: Licenses range from €3,000 to €10,000, depending on the type.
  • Dubai (UAE): A highly popular destination. Licenses are issued through cryptocurrency zones in DIFC or DMCC, with minimum capital requirements ranging from $50,000 to $250,000.
  • Bosnia and Herzegovina: There is no national cryptocurrency license, but in the Republic of Srpska, a license for crypto exchanges is available.
  • Lithuania: Actively supporting innovation in the crypto sector and attracting startups. Cryptocurrency company licenses require a minimum capital of €125,000 and compliance with KYC/AML standards.
  • Poland: Cryptocurrency companies must register with the Central Bank and strictly adhere to KYC/AML requirements.
  • Singapore: Cryptocurrency companies must register with the Monetary Authority of Singapore (MAS).
  • Thailand: Companies must obtain a license from the Thai Financial Regulatory Authority (SEC).
  • Czech Republic: Licenses are registered with the Czech National Bank, provided AML standards are met. Notably, there is no minimum capital requirement in this country.

Reach out to the professionals at coredo.eu. Their team will inform you about cryptocurrency regulations in different countries. Based on this, they will select the optimal option and secure a license tailored to specific cryptocurrency activities.