The role of digital currency license and main functions

Monetary and financial digital license generally refers to the license plate in a country or region of operations related to digital currency business. It has a digital license represents the monetary financial institutions this may be related to the digital currency derivatives business and payment services locally. Such as the creation of digital currency exchange, payment, digital currency derivatives and so on.
Digital currency trading license issuers generally central banks, financial regulators, of course, involved in the legal department is also very important. Standard license applications in various countries are quite different, at present, we have promulgated the National Digital currency trading industry related licenses are mainly in Japan, the United States, Switzerland, Thailand, Canada and the Philippines. Overall the market and to protect investors and promote compliance digital assets exist within the legal framework of the country, in the digital legitimate national currency trading, the license is useful, it is to do everything related to business permits.
With most applications, for example the United States MSB
advantage 1: Investors approved (US corporate law and financial supervision very well, with the United States license will make your digital currency trading platforms more recognized by global investors.) Advantage 2: approval authority (authoritative approval from the US only government department, you can carry out in the United States and around the world related business, which represents regulatory compliance for digital currency platform.) advantage 3: become the first platform (MSB license is a global digital currency trading institutions standard license .Coinbase, Bitfinex, Poloniex, fire, coins and other network platforms are in possession of a license to carry out this operation) advantage 4: diversified services (MSB license authorizing currency exchange and transmission services so that you can better meet customer needs provide more diversified services.)
applying for a license to provide basic flow is a shareholder of the company name and information to register a local company, and then ready to apply for a license related materials. Step bluntly, is a registered company and then apply for a license is that simple.