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The Central Bank of Cuba will soon start issuing licenses to virtual asset service providers in the country, which will be valid for one year but can be extended for a second year. The Central Bank of Cuba (BCC) is planning to issue licenses for virtual asset service providers (VASPs) starting next month, the Official…

In the present Bulgarian legal framework, cryptocurrencies (Bitcoin, altcoins) are still perceived, audited and declared before NRA (National Revenue Agency) as a financial asset. Their legal status got some development with the amendment to the Anti-money Laundering Act (AML Act) from November 2019. Generally, its importance, which we have discussed here, is in the following three…

In 2017, Estonia became amongst the first countries in Europe to provide a legal framework for business activities involving virtual currencies. Since then, the Baltic country has emerged as a preferred destination for crypto entrepreneurs to launch their businesses. In a space of three years, Estonia licensed more than 1,400 entities, but as part of…