Cryptocurrency licenses are official permits that regulate the activities of companies in the field of digital assets, including crypto exchanges, wallet providers, payment services, token sales (ICO/ITO) and other cryptocurrency transactions. The main purpose of such licenses is to ensure the legality of the activity, the protection of users and compliance with financial regulatory norms, including anti-money laundering (AML) and compliance with the rules of “know your customer” (KYC).

Different jurisdictions have their own approaches to licensing crypto businesses. In regulated countries such as the USA, the UK or EU countries, licenses require strict compliance, capital requirements and regular reporting. In more loyal jurisdictions, such as Cyprus, the UAE, the Seychelles or Curacao, the process of obtaining a license is simplified and the requirements are less stringent, allowing crypto projects to be launched quickly.

A cryptocurrency licences provides a company with a legal basis for working with international clients, opening bank accounts, integrating payment systems, and attracting investors. At the same time, it enhances the business's reputation, demonstrates transparency, and responsibility to users.