Is it difficult to apply for MSB digital currency license? How much will it cost?

I'm glad to answer this question. Let's analyze the American MSB license first.

First of all, the United States is the most developed country in the world, ranking first in politics, economy, military affairs, culture and innovation.

1, the modern market economy is highly developed, the market mechanism is sound, and the consumer market has great potential;

2. The relatively perfect legal system, relaxed and free living environment and top-notch educational resources are attracting people from all over the world to invest and immigrate;

Its gross domestic product and foreign trade volume rank first in the world.

Therefore, it is also very wise for many blockchain projects to choose to land in the United States.

The MSB license in the United States is a financial license issued under the supervision of Fincen (Financial Crime Enforcement Bureau under the US Treasury Department). The main targets of supervision are businesses and companies related to monetary services, including digital currency, virtual currency trading, ICO issuance, foreign exchange and international remittance. To apply for a license, you need to have an American company, otherwise you need to register one.

At present, the information of registering American companies is relatively simple and time is fast.

American company formation process:

1. Draw up the company name-we will check the name at the American company registration agency.

2. Details of shareholders (we require at least 1 shareholder, which can be a natural person or a legal person).

Name of shareholder (consistent with passport)

Name of shareholder (consistent with passport)

Shareholder address

shareholding ratio

3. Details of directors (We require at least 1 natural person to be a director. )

Name of director (consistent with passport)

Director's address (the address should be consistent with the address certificate)

Materials to be submitted for applying for MSB license in the United States

1. Basic information of American companies;

1 company registration certificate

Articles of association or equivalent documents

3. Good reputation certificate of the company 1 year or above.

4 EIN tax number of the company

2. Detailed personal data of shareholders and directors of American companies (scanned passports, personal phone numbers, addresses, etc.). )

Three. A brief overview of the exchange

1 Services provided by the Exchange

(2) The current operating conditions of the Exchange

3 Exchange's customer base

Four. Service type, please refer to the MSB service type list.

Verb (abbreviation of verb) total transaction amount: List the financial products or services issued by MSB in the past 65,438+02 months with a total monthly transaction amount of more than 65,438+000,000 USD.

The registration process usually takes about four weeks. The application time for the whole license plate is generally 1 to 2 months.

I hope my answer is helpful to you.