Topic: What are the legal requirements for setting up an EU Coinbase style business (Read 1349 times)
September 17, 2014, 09:24:17 PM
I would say, open up first and wait until someone will tell you that you need a license. Most likely in the UK it will fall under the "e-money" kind of regulation, but you never know. They might decide that bitcoin is a separate category, in that case there is probably no current regulation that covers it.
September 17, 2014, 04:42:22 PM
If it is to serve only EU citizens and will take a coinbase style approach of acting like a dealer, what laws do I have to respect? Do I need any licenses?
The business will run in the UK but will likely have foreign bank accounts due to UK banks being bitcoin unfriendly.
The business will run in the UK but will likely have foreign bank accounts due to UK banks being bitcoin unfriendly.
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