Hello there Chris here from Empire global partners discussing the Kazakhstan Bitcoin over-the-counter exchange license A Bitcoin over-the-counter exchange or OTC license permits the holder to act as the broker for the trade of bitcoins and other cryptocurrencies on the OTC market
The OTC market is the largest market for cryptocurrency trades with a size much bigger than the cryptocurrency exchanges A Bitcoin over-the-counter exchange license from Kazakhstan will enable you to enter this lucrative market and deal in high-value and large size cryptocurrency transactions If you want to expand your business to other financial activities, The flexible nature of the license means that businesses can provide a wide range of additional services Including payment, processing foreign exchange and security stealing financial consulting depository agent activities and merchant services through a single license A license for a Bitcoin OTC exchange is issued by the Kazakhstan National Bank and the Ministry of Economy of Kazakhstan The documentation requirements for a Kazakhstan license are minimal
There are no requirements for office, staff business references or a compliance officer There is also no minimum paid-up capital requirementThere is a possibility of 100% foreign ownership and the tax rate can be reduced to close to 0% through permitted structuring The fee for an application for a license varies on a case-to-case basis but is considered being among the most cost-effective in the world A license is generally granted within six to eight weeks of submission of a fully completed application
If you are interested in learning more about a Kazakhstan Bitcoin OTC exchange license and how it can help your business, please get in touch with us and one of our dedicated team of experienced professionals will assist you through the entire process of obtaining a license
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