Hey everyone!
So, like in a lot of places nowadays, if you're running a business that buys and sells bitcoin, you need a license to do so.
Here in Sweden, you gotta register as a financial institution. Part of that process involves creating a risk assessment for your business. Based on that assessment, you need to have proper policies to combat money laundering and financing of terrorism.
If your risk assessment and policies don’t meet the required standards, they’ll reject your registration, and you’ll lose the money you spent to register your company as a financial institution, which is about 5000 bucks.
The tricky part is that most law firms here, if not all, that help with risk assessments have little to no experience with crypto businesses. So I’m wondering if anyone knows of any companies or firms that assist crypto businesses with this stuff?
Thanks for reading!
I don't know much about legal firms and in your country if there's not that much legal experts in crypto business then you had to look for your lawyer offshore.
Read this website if it can help you with your application. I just did some researching for you.
https://thecryptolawyers.com/
Hi, I know some time has passed and not sure if you are still looking but, I can highly recommend this lawyer https://goodattorneysatlaw.com/ for any blockchain/cryptocurrency and financial service matters.
What is certain is that each region or country buys and sells Bitcoin and includes the risk of KYC, has different laws and ways for the security and convenience of customers and the Bitcoin user document itself.
In general, in my country it is legal to buy and sell Bitcoins, exchanges/companies founded by individuals and approved by the relevant government, about KYC we don't need any third parties like lawyers or Firms, who know Business only crypto users and crypto companies.
Although, you mentioned that crypto businesses in Sweden have firm partners or are easier to understand by notaries or lawyers, crypto users have a written agreement against the action of all forms of crypto buying/selling business risks, if I understand the crypto business law in Sweden.
I'm not sure what you're asking either: Top Blockchain Development Companies in Sweden. or Best Crypto Exchanges In Sweden (May 2022).