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Author Topic: What are the legal requirements for setting up an EU Coinbase style business  (Read 1233 times)
mr_random
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September 17, 2014, 08:42:22 PM
 #1

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.

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September 18, 2014, 01:24:17 AM
 #2

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.

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