Crypto License Guide 2026 — Panama, Lithuania, Dubai & More | Consulting24

Writing an AML policy is the single document that determines whether your crypto licence application moves forward or stalls. Regulators read it in a fixed order, and the first ten sections carry most of the weight. CRYPTO LICENSE GUIDE · 2026 Writing an AML policy Crypto licensing across 15+ jurisdictions CONSULTING24.CO Why the AML policy is the first document regulators open When you apply for a licence under MiCA in the EU, or for registration in a jurisdiction such as Panama, the AML policy is not a formality. It is the document that shows whether your compliance function exists in substance or only on paper. Supervisors in Estonia, Lithuania, Malta and other EU hubs have become considerably more demanding since MiCA came into force across the EU in 2026, and the AML policy is usually the first file they open. The reason is practical. A licence application tells the regulator what you intend to do. The AML policy tells them how you will stop that activity being used for m...

Hong Kong's forthcoming crypto licensing regime imposes stringent AML/KYC obligations on virtual asset service providers, requiring strong customer due diligence and transaction monitoring frameworks. CRYPTO LICENSE GUIDE · 2026 AML/KYC requirements for a Crypto licensing across 15+ jurisdictions CONSULTING24.CO The Legal Basis for AML/KYC in Hong Kong Hong Kong's anti-money laundering and counter-terrorist financing (AML/CFT) requirements for crypto businesses are primarily governed by the Anti-Money Laundering and Counter-Terrorist Financing Ordinance (AMLO), which was amended in 2022 to bring virtual asset service providers (VASPs) under its scope. The Securities and Futures Commission (SFC) is the principal regulator, and it has issued detailed guidelines on AML/CFT for licensed platforms. These rules align with the Financial Action Task Force (FATF) recommendations, ensuring Hong Kong's regime meets international standards. Under the new licensing regime, any enti...

Bahrain's Central Bank mandates strict AML/KYC rules for crypto companies, with licensing under Crypto-Asset Module (CRA) of the Bahrain Financial Services Authority (formerly CBB). CRYPTO LICENSE GUIDE · 2026 AML/KYC requirements for a Crypto licensing across 15+ jurisdictions CONSULTING24.CO Overview of Bahrain's Crypto Regulatory Framework Bahrain has positioned itself as a leading fintech hub in the Middle East, with a clear regulatory framework for crypto assets. The Central Bank of Bahrain (CBB) issued the Crypto-Asset Module (CRA) in 2019, which governs licensing and ongoing compliance for crypto asset services. All crypto companies must obtain a Category 3 license under the CRA to operate legally. The regulatory approach is risk-based and aligned with Financial Action Task Force (FATF) recommendations. This means AML/KYC requirements are comprehensive and enforced through regular audits and reporting. Non-compliance can result in fines, license suspension, or revoc...

Kazakhstan's crypto regulations require strict AML/KYC compliance, which can be complex for new entrants. Understanding these requirements is essential for operating legally and avoiding penalties. CRYPTO LICENSE GUIDE · 2026 AML/KYC requirements for a Crypto licensing across 15+ jurisdictions CONSULTING24.CO Overview of Kazakhstan's Crypto Regulation Kazakhstan has emerged as a significant hub for cryptocurrency mining and trading, but the regulatory environment is evolving rapidly. The Astana Financial Services Authority (AFSA) oversees digital asset activities within the Astana International Financial Centre (AIFC), while the National Bank of Kazakhstan and other bodies regulate broader crypto operations. Companies must comply with the Law on Digital Assets and related AML/CFT regulations. The key legislation includes the Law on Counteracting Legalization (Laundering) of Proceeds from Crime and Financing of Terrorism (AML/CFT Law) and the AIFC's Digital Asset Framew...