Risk assesment / KYC document for Business Selling and buying bitcoin.

[WhoDaresWins88]

Hello!

Like in most countries today, when operating a business where you sell and buy bitcoin you have to have some form of license.

In my country (Sweden) its required to register as a financial institution. When regestring its required to make a risk assesment of your business and based on this risk assesment you have to have policies in place to prevent money laundering and terrorst financing.

If this risk assesment and the policies dont meet "the standards" your registration will be rejected and you will loose the money you paid to register your company as a financial institution (around 5000 dollars).

The problem is that most lawyer firms if not all in my country that deals with helping companys doing risk assesments etc have little or no knowledge when it comes to applying this to a crypto related business. Does anyone know about any company or firm that help crypto businesses with this ?

Thank you for your time!

[passwordnow]

I don't know much about legal firms and in your country if there's not that much legal experts in crypto business then you had to look for your lawyer offshore.
Read this website if it can help you with your application. I just did some researching for you.
https://thecryptolawyers.com/

[tbct_mt2]

KYC is risky for identities loss or breach.

Why KYC is extremely dangerous – and useless

[dphoenix]

Hi, I know some time has passed and not sure if you are still looking but, I can highly recommend this lawyer https://goodattorneysatlaw.com/ for any blockchain/cryptocurrency and financial service matters.

[YOSHIE]

Does anyone know about any company or firm that help crypto businesses with this ?

What is certain is that each region or country buys and sells Bitcoin and includes the risk of KYC, has different laws and ways for the security and convenience of customers and the Bitcoin user document itself.

In general, in my country it is legal to buy and sell Bitcoins, exchanges/companies founded by individuals and approved by the relevant government, about KYC we don't need any third parties like lawyers or Firms, who know Business only crypto users and crypto companies.

Although, you mentioned that crypto businesses in Sweden have firm partners or are easier to understand by notaries or lawyers, crypto users have a written agreement against the action of all forms of crypto buying/selling business risks, if I understand the crypto business law in Sweden.

I'm not sure what you're asking either: Top Blockchain Development Companies in Sweden. or Best Crypto Exchanges In Sweden (May 2022).