Licensing
Regulatory approval required for exchanges and custodians to operate legally.
Regulatory approval required for exchanges and custodians to operate legally.
entity.trust_high
Sep 2026 · Freshness Score: 50%
Was ist Licensing?
Regulatory approval required for exchanges and custodians to operate legally.
- Category
- concept
- Type
- Authority Node
- Quellen
- 1
Firms apply for licenses (e.g., BitLicense in New York, VASP registration under MiCA, MSB registration in the US) and must meet requirements: capital, KYC/AML controls, cybersecurity, reporting, and consumer protection. Licensed entities ar
Licensing determines market access — licensed venues are the trusted on/off-ramps, and users increasingly expect licensed partners. It raises compliance costs but provides legitimacy and institutional access. Licensing frameworks (or their
Wissensgraph
15 relations1. What Is Licensing in Crypto
Licensing is the regulatory process by which authorities authorize businesses to conduct crypto activities — exchange operation, custody, payments, or token issuance — under defined rules and supervision.
2. How It Works
Firms apply for licenses (e.g., BitLicense in New York, VASP registration under MiCA, MSB registration in the US) and must meet requirements: capital, KYC/AML controls, cybersecurity, reporting, and consumer protection. Licensed entities are supervised and can be fined or revoked. Unlicensed activity is illegal in most regulated markets.
3. Why It Matters
Licensing determines market access — licensed venues are the trusted on/off-ramps, and users increasingly expect licensed partners. It raises compliance costs but provides legitimacy and institutional access. Licensing frameworks (or their absence) shape where crypto businesses locate and which products reach users.
4. Key Facts
- MiCA requires CASP licenses across the EU
- New York's BitLicense is a strict US state license
- Payments and custody have separate licensing regimes
- DeFi protocols face unresolved licensing questions
5. Related Concepts
- compliance
- regulation
- mi-ca
- jurisdiction
Frequently Asked Questions
What is Licensing?
Regulatory approval required for exchanges and custodians to operate legally.
How does Licensing work?
Licensing is the regulatory process by which authorities authorize businesses to conduct crypto activities — exchange operation, custody, payments, or token issuance — under defined rules and supervision. Firms apply for licenses (e.g., BitLicense in New York, VASP registration under MiCA, MSB regi
Why does Licensing matter in Web3?
- regulation - mi-ca - jurisdiction