{
 "dataset": "Protegra Licensing Atlas",
 "licence": "CC BY 4.0",
 "url": "https://protegra.io/licensing/data/",
 "generated": "2026-09-24",
 "count": 36,
 "jurisdictions": [
  {
   "id": "AE-ADGM",
   "name": "Abu Dhabi Global Market (ADGM)",
   "region": "middle-east",
   "slug": "adgm",
   "map": "AE-ADGM",
   "regulator_ids": [
    "fsra-adgm"
   ],
   "answer": "In Abu Dhabi Global Market (ADGM), fintech and crypto licences are issued by the Financial Services Regulatory Authority (FSRA). The Atlas covers 6 licence types there, in 4 families: bank, fund manager, investment firm and virtual asset service provider. Each licence page lists its legal basis, fees and decision period with sources.",
   "path_to_market": "Start by mapping the activities you plan to offer onto the licence types above; the activity pages show which licence permits each one. FSRA offers pre-application meetings, an innovation hub and a regulatory sandbox; the regulator page explains how to use them. The application goes to FSRA, together with the capital, governance and AML documentation the licence page lists.",
   "derived_from": [
    "fsra-adgm"
   ],
   "type": "jurisdiction"
  },
  {
   "id": "AE-DIFC",
   "name": "Dubai International Financial Centre (DIFC)",
   "region": "middle-east",
   "slug": "difc",
   "map": "AE-DIFC",
   "regulator_ids": [
    "dfsa-difc"
   ],
   "answer": "In Dubai International Financial Centre (DIFC), fintech and crypto licences are issued by the Dubai Financial Services Authority (DFSA). The Atlas covers 7 licence types there, in 5 families: bank, fund manager, investment firm, money transmitter and virtual asset service provider. Each licence page lists its legal basis, fees and decision period with sources.",
   "path_to_market": "Start by mapping the activities you plan to offer onto the licence types above; the activity pages show which licence permits each one. DFSA offers pre-application meetings, an innovation hub and a regulatory sandbox; the regulator page explains how to use them. The application goes to DFSA, together with the capital, governance and AML documentation the licence page lists.",
   "derived_from": [
    "dfsa-difc"
   ],
   "type": "jurisdiction"
  },
  {
   "id": "AE-DU",
   "name": "Dubai (VARA)",
   "region": "middle-east",
   "slug": "dubai",
   "map": "AE-DU",
   "regulator_ids": [
    "vara-dubai"
   ],
   "answer": "In Dubai (VARA), fintech and crypto licences are issued by the Virtual Assets Regulatory Authority (VARA). The Atlas covers 7 licence types there, in one family: virtual asset service provider. Each licence page lists its legal basis, fees and decision period with sources.",
   "path_to_market": "Start by mapping the activities you plan to offer onto the licence types above; the activity pages show which licence permits each one. VARA offers pre-application meetings, an innovation hub and a regulatory sandbox; the regulator page explains how to use them. The application goes to VARA, together with the capital, governance and AML documentation the licence page lists.",
   "derived_from": [
    "vara-dubai"
   ],
   "type": "jurisdiction"
  },
  {
   "id": "AE",
   "name": "United Arab Emirates",
   "region": "middle-east",
   "slug": "uae",
   "regulator_ids": [
    "cbuae"
   ],
   "answer": "In United Arab Emirates, fintech and crypto licences are issued by the Central Bank of the UAE (CBUAE). The Atlas covers 3 licence types there, in 3 families: bank, payment institution and stablecoin issuer. Each licence page lists its legal basis, fees and decision period with sources.",
   "path_to_market": "Start by mapping the activities you plan to offer onto the licence types above; the activity pages show which licence permits each one. CBUAE offers pre-application meetings, an innovation hub and a regulatory sandbox; the regulator page explains how to use them. The application goes to CBUAE, together with the capital, governance and AML documentation the licence page lists.",
   "derived_from": [
    "cbuae"
   ],
   "type": "jurisdiction"
  },
  {
   "id": "AU",
   "name": "Australia",
   "region": "apac",
   "regulator_ids": [
    "asic-australia",
    "austrac-australia"
   ],
   "answer": "In Australia, fintech and crypto licences are issued by the Australian Securities and Investments Commission (ASIC) and the Australian Transaction Reports and Analysis Centre (AUSTRAC). The Atlas covers 4 licence types there, in 4 families: investment firm, lending, money transmitter and virtual asset service provider. Each licence page lists its legal basis, fees and decision period with sources.",
   "path_to_market": "Start by mapping the activities you plan to offer onto the licence types above; the activity pages show which licence permits each one. ASIC offers pre-application meetings, an innovation hub and a regulatory sandbox; the regulator page explains how to use them. The application goes to ASIC and AUSTRAC, together with the capital, governance and AML documentation the licence page lists.",
   "derived_from": [
    "asic-australia",
    "austrac-australia"
   ],
   "type": "jurisdiction"
  },
  {
   "id": "BM",
   "name": "Bermuda",
   "region": "offshore",
   "regulator_ids": [
    "bma-bermuda"
   ],
   "answer": "In Bermuda, fintech and crypto licences are issued by the Bermuda Monetary Authority (BMA). The Atlas covers 6 licence types there, in 4 families: bank, fund manager, investment firm and virtual asset service provider. Each licence page lists its legal basis, fees and decision period with sources.",
   "path_to_market": "Start by mapping the activities you plan to offer onto the licence types above; the activity pages show which licence permits each one. BMA offers pre-application meetings and a regulatory sandbox; the regulator page explains how to use them. The application goes to BMA, together with the capital, governance and AML documentation the licence page lists.",
   "derived_from": [
    "bma-bermuda"
   ],
   "type": "jurisdiction"
  },
  {
   "id": "CA",
   "name": "Canada",
   "region": "americas",
   "regulator_ids": [
    "fintrac-canada"
   ],
   "answer": "In Canada, fintech and crypto licences are issued by the Financial Transactions and Reports Analysis Centre of Canada (FINTRAC). The Atlas covers 1 licence type there, in one family: money transmitter. Each licence page lists its legal basis, fees and decision period with sources.",
   "path_to_market": "Start by mapping the activities you plan to offer onto the licence types above; the activity pages show which licence permits each one. FINTRAC offers pre-application meetings; the regulator page explains how to use them. The application goes to FINTRAC, together with the capital, governance and AML documentation the licence page lists.",
   "derived_from": [
    "fintrac-canada"
   ],
   "type": "jurisdiction"
  },
  {
   "id": "CH",
   "name": "Switzerland",
   "region": "europe-non-eu",
   "regulator_ids": [
    "finma-switzerland"
   ],
   "answer": "In Switzerland, fintech and crypto licences are issued by the Swiss Financial Market Supervisory Authority (FINMA). The Atlas covers 8 licence types there, in 5 families: bank, fund manager, investment firm, trust and corporate services and virtual asset service provider. Each licence page lists its legal basis, fees and decision period with sources.",
   "path_to_market": "Start by mapping the activities you plan to offer onto the licence types above; the activity pages show which licence permits each one. FINMA offers pre-application meetings, an innovation hub and a regulatory sandbox; the regulator page explains how to use them. The application goes to FINMA, together with the capital, governance and AML documentation the licence page lists.",
   "derived_from": [
    "finma-switzerland"
   ],
   "type": "jurisdiction"
  },
  {
   "id": "CW",
   "name": "Curaçao",
   "region": "offshore",
   "slug": "curacao",
   "regulator_ids": [
    "cga-curacao"
   ],
   "answer": "In Curaçao, fintech and crypto licences are issued by the Curaçao Gaming Authority (CGA). The Atlas covers 2 licence types there, in one family: gaming. Each licence page lists its legal basis, fees and decision period with sources.",
   "path_to_market": "Start by mapping the activities you plan to offer onto the licence types above; the activity pages show which licence permits each one. The application goes to CGA, together with the capital, governance and AML documentation the licence page lists.",
   "derived_from": [
    "cga-curacao"
   ],
   "type": "jurisdiction"
  },
  {
   "id": "CY",
   "name": "Cyprus",
   "region": "eu-eea",
   "regulator_ids": [
    "cysec-cyprus"
   ],
   "answer": "In Cyprus, fintech and crypto licences are issued by the Cyprus Securities and Exchange Commission (CySEC). The Atlas covers 8 licence types there, in 5 families: crypto-asset service provider (MiCA), fund manager, investment firm, lending and trust and corporate services. Because Cyprus is in the EU/EEA, passportable licences issued there can be extended to the other member states by notification. Crypto-asset service providers are authorised under MiCA. Each licence page lists its legal basis, fees and decision period with sources.",
   "path_to_market": "Start by mapping the activities you plan to offer onto the licence types above; the activity pages show which licence permits each one. CySEC offers an innovation hub and a regulatory sandbox; the regulator page explains how to use them. The application goes to CySEC, together with the capital, governance and AML documentation the licence page lists. Once authorised, an EU/EEA licence can be extended to other member states by passport notification rather than a new licence.",
   "derived_from": [
    "cysec-cyprus"
   ],
   "type": "jurisdiction"
  },
  {
   "id": "CZ",
   "name": "Czech Republic",
   "region": "eu-eea",
   "slug": "czech-republic",
   "regulator_ids": [
    "cnb-czechia"
   ],
   "answer": "In Czech Republic, fintech and crypto licences are issued by the Czech National Bank (CNB). The Atlas covers 12 licence types there, in 7 families: bank, crypto-asset service provider (MiCA), electronic money institution, fund manager, investment firm, lending and payment institution. Because Czech Republic is in the EU/EEA, passportable licences issued there can be extended to the other member states by notification. Crypto-asset service providers are authorised under MiCA. Each licence page lists its legal basis, fees and decision period with sources.",
   "path_to_market": "Start by mapping the activities you plan to offer onto the licence types above; the activity pages show which licence permits each one. CNB offers pre-application meetings and an innovation hub; the regulator page explains how to use them. The application goes to CNB, together with the capital, governance and AML documentation the licence page lists. Once authorised, an EU/EEA licence can be extended to other member states by passport notification rather than a new licence.",
   "derived_from": [
    "cnb-czechia"
   ],
   "type": "jurisdiction"
  },
  {
   "id": "DE",
   "name": "Germany",
   "region": "eu-eea",
   "regulator_ids": [
    "bafin-germany"
   ],
   "answer": "In Germany, fintech and crypto licences are issued by the Federal Financial Supervisory Authority (BaFin). The Atlas covers 8 licence types there, in 7 families: bank, crypto-asset service provider (MiCA), electronic money institution, fund manager, investment firm, payment institution and virtual asset service provider. Because Germany is in the EU/EEA, passportable licences issued there can be extended to the other member states by notification. Crypto-asset service providers are authorised under MiCA. Each licence page lists its legal basis, fees and decision period with sources.",
   "path_to_market": "Start by mapping the activities you plan to offer onto the licence types above; the activity pages show which licence permits each one. BaFin offers pre-application meetings, an innovation hub and a regulatory sandbox; the regulator page explains how to use them. The application goes to BaFin, together with the capital, governance and AML documentation the licence page lists. Once authorised, an EU/EEA licence can be extended to other member states by passport notification rather than a new licence.",
   "derived_from": [
    "bafin-germany"
   ],
   "type": "jurisdiction"
  },
  {
   "id": "EE",
   "name": "Estonia",
   "region": "eu-eea",
   "regulator_ids": [
    "fiu-estonia",
    "finantsinspektsioon-estonia"
   ],
   "answer": "In Estonia, fintech and crypto licences are issued by the Estonian Financial Intelligence Unit (FIU) and the Finantsinspektsioon (FI). The Atlas covers 15 licence types there, in 8 families: bank, crypto-asset service provider (MiCA), electronic money institution, fund manager, investment firm, lending, payment institution and trust and corporate services. Because Estonia is in the EU/EEA, passportable licences issued there can be extended to the other member states by notification. Crypto-asset service providers are authorised under MiCA.",
   "path_to_market": "Start by mapping the activities you plan to offer onto the licence types above; the activity pages show which licence permits each one. FI offers pre-application meetings and an innovation hub; the regulator page explains how to use them. The application goes to FIU and FI, together with the capital, governance and AML documentation the licence page lists. Once authorised, an EU/EEA licence can be extended to other member states by passport notification rather than a new licence.",
   "derived_from": [
    "fiu-estonia",
    "finantsinspektsioon-estonia"
   ],
   "type": "jurisdiction"
  },
  {
   "id": "ES",
   "name": "Spain",
   "region": "eu-eea",
   "regulator_ids": [
    "cnmv-spain",
    "banco-de-espana"
   ],
   "answer": "In Spain, fintech and crypto licences are issued by the National Securities Market Commission (CNMV) and the Bank of Spain (BdE). The Atlas covers 10 licence types there, in 8 families: bank, crypto-asset service provider (MiCA), electronic money institution, fund manager, investment firm, lending, payment institution and stablecoin issuer. Because Spain is in the EU/EEA, passportable licences issued there can be extended to the other member states by notification. Crypto-asset service providers are authorised under MiCA.",
   "path_to_market": "Start by mapping the activities you plan to offer onto the licence types above; the activity pages show which licence permits each one. CNMV offers pre-application meetings, an innovation hub and a regulatory sandbox; BdE offers pre-application meetings, an innovation hub and a regulatory sandbox; the regulator page explains how to use them. The application goes to CNMV and BdE, together with the capital, governance and AML documentation the licence page lists. Once authorised, an EU/EEA licence can be extended to other member states by passport notification rather than a new licence.",
   "derived_from": [
    "cnmv-spain",
    "banco-de-espana"
   ],
   "type": "jurisdiction"
  },
  {
   "id": "FR",
   "name": "France",
   "region": "eu-eea",
   "regulator_ids": [
    "amf-france"
   ],
   "answer": "In France, fintech and crypto licences are issued by the Financial Markets Authority (AMF). The Atlas covers 4 licence types there, in 4 families: crypto-asset service provider (MiCA), fund manager, investment firm and lending. Because France is in the EU/EEA, passportable licences issued there can be extended to the other member states by notification. Crypto-asset service providers are authorised under MiCA. Each licence page lists its legal basis, fees and decision period with sources.",
   "path_to_market": "Start by mapping the activities you plan to offer onto the licence types above; the activity pages show which licence permits each one. AMF offers pre-application meetings, an innovation hub and a regulatory sandbox; the regulator page explains how to use them. The application goes to AMF, together with the capital, governance and AML documentation the licence page lists. Once authorised, an EU/EEA licence can be extended to other member states by passport notification rather than a new licence.",
   "derived_from": [
    "amf-france"
   ],
   "type": "jurisdiction"
  },
  {
   "id": "GB",
   "name": "United Kingdom",
   "region": "europe-non-eu",
   "slug": "united-kingdom",
   "regulator_ids": [
    "fca-uk"
   ],
   "answer": "In United Kingdom, fintech and crypto licences are issued by the Financial Conduct Authority (FCA). The Atlas covers 9 licence types there, in 6 families: electronic money institution, fund manager, investment firm, lending, payment institution and virtual asset service provider. Each licence page lists its legal basis, fees and decision period with sources.",
   "path_to_market": "Start by mapping the activities you plan to offer onto the licence types above; the activity pages show which licence permits each one. FCA offers pre-application meetings, an innovation hub and a regulatory sandbox; the regulator page explains how to use them. The application goes to FCA, together with the capital, governance and AML documentation the licence page lists.",
   "derived_from": [
    "fca-uk"
   ],
   "type": "jurisdiction"
  },
  {
   "id": "GE",
   "name": "Georgia",
   "region": "europe-non-eu",
   "regulator_ids": [
    "nbg-georgia"
   ],
   "answer": "In Georgia, fintech and crypto licences are issued by the National Bank of Georgia (NBG). The Atlas covers 2 licence types there, in 2 families: bank and payment institution. Each licence page lists its legal basis, fees and decision period with sources.",
   "path_to_market": "Start by mapping the activities you plan to offer onto the licence types above; the activity pages show which licence permits each one. NBG offers pre-application meetings, an innovation hub and a regulatory sandbox; the regulator page explains how to use them. The application goes to NBG, together with the capital, governance and AML documentation the licence page lists.",
   "derived_from": [
    "nbg-georgia"
   ],
   "type": "jurisdiction"
  },
  {
   "id": "HK",
   "name": "Hong Kong",
   "region": "apac",
   "regulator_ids": [
    "sfc-hong-kong"
   ],
   "answer": "In Hong Kong, fintech and crypto licences are issued by the Securities and Futures Commission (SFC). The Atlas covers 5 licence types there, in one family: investment firm. Each licence page lists its legal basis, fees and decision period with sources.",
   "path_to_market": "Start by mapping the activities you plan to offer onto the licence types above; the activity pages show which licence permits each one. SFC offers an innovation hub and a regulatory sandbox; the regulator page explains how to use them. The application goes to SFC, together with the capital, governance and AML documentation the licence page lists.",
   "derived_from": [
    "sfc-hong-kong"
   ],
   "type": "jurisdiction"
  },
  {
   "id": "IE",
   "name": "Ireland",
   "region": "eu-eea",
   "regulator_ids": [
    "central-bank-of-ireland"
   ],
   "answer": "In Ireland, fintech and crypto licences are issued by the Central Bank of Ireland (CBI). The Atlas covers 12 licence types there, in 8 families: bank, crypto-asset service provider (MiCA), electronic money institution, fund manager, investment firm, lending, payment institution and virtual asset service provider. Because Ireland is in the EU/EEA, passportable licences issued there can be extended to the other member states by notification. Crypto-asset service providers are authorised under MiCA.",
   "path_to_market": "Start by mapping the activities you plan to offer onto the licence types above; the activity pages show which licence permits each one. CBI offers pre-application meetings, an innovation hub and a regulatory sandbox; the regulator page explains how to use them. The application goes to CBI, together with the capital, governance and AML documentation the licence page lists. Once authorised, an EU/EEA licence can be extended to other member states by passport notification rather than a new licence.",
   "derived_from": [
    "central-bank-of-ireland"
   ],
   "type": "jurisdiction"
  },
  {
   "id": "IT",
   "name": "Italy",
   "region": "eu-eea",
   "regulator_ids": [
    "consob-italy"
   ],
   "answer": "In Italy, fintech and crypto licences are issued by the National Commission for Companies and the Stock Exchange (CONSOB). The Atlas covers 3 licence types there, in 3 families: crypto-asset service provider (MiCA), investment firm and lending. Because Italy is in the EU/EEA, passportable licences issued there can be extended to the other member states by notification. Crypto-asset service providers are authorised under MiCA. Each licence page lists its legal basis, fees and decision period with sources.",
   "path_to_market": "Start by mapping the activities you plan to offer onto the licence types above; the activity pages show which licence permits each one. CONSOB offers pre-application meetings, an innovation hub and a regulatory sandbox; the regulator page explains how to use them. The application goes to CONSOB, together with the capital, governance and AML documentation the licence page lists. Once authorised, an EU/EEA licence can be extended to other member states by passport notification rather than a new licence.",
   "derived_from": [
    "consob-italy"
   ],
   "type": "jurisdiction"
  },
  {
   "id": "KY",
   "name": "Cayman Islands",
   "region": "offshore",
   "regulator_ids": [
    "cima-cayman"
   ],
   "answer": "In Cayman Islands, fintech and crypto licences are issued by the Cayman Islands Monetary Authority (CIMA). The Atlas covers 7 licence types there, in 5 families: bank, fund manager, investment firm, trust and corporate services and virtual asset service provider. Each licence page lists its legal basis, fees and decision period with sources.",
   "path_to_market": "Start by mapping the activities you plan to offer onto the licence types above; the activity pages show which licence permits each one. The application goes to CIMA, together with the capital, governance and AML documentation the licence page lists.",
   "derived_from": [
    "cima-cayman"
   ],
   "type": "jurisdiction"
  },
  {
   "id": "LT",
   "name": "Lithuania",
   "region": "eu-eea",
   "regulator_ids": [
    "bank-of-lithuania"
   ],
   "answer": "In Lithuania, fintech and crypto licences are issued by the Bank of Lithuania (LB). The Atlas covers 10 licence types there, in 6 families: bank, crypto-asset service provider (MiCA), electronic money institution, investment firm, lending and payment institution. Because Lithuania is in the EU/EEA, passportable licences issued there can be extended to the other member states by notification. Crypto-asset service providers are authorised under MiCA. Each licence page lists its legal basis, fees and decision period with sources.",
   "path_to_market": "Start by mapping the activities you plan to offer onto the licence types above; the activity pages show which licence permits each one. LB offers pre-application meetings, an innovation hub and a regulatory sandbox; the regulator page explains how to use them. The application goes to LB, together with the capital, governance and AML documentation the licence page lists. Once authorised, an EU/EEA licence can be extended to other member states by passport notification rather than a new licence.",
   "derived_from": [
    "bank-of-lithuania"
   ],
   "type": "jurisdiction"
  },
  {
   "id": "LU",
   "name": "Luxembourg",
   "region": "eu-eea",
   "regulator_ids": [
    "cssf-luxembourg"
   ],
   "answer": "In Luxembourg, fintech and crypto licences are issued by the Commission de Surveillance du Secteur Financier (CSSF). The Atlas covers 9 licence types there, in 8 families: bank, crypto-asset service provider (MiCA), electronic money institution, fund manager, investment firm, lending, payment institution and stablecoin issuer. Because Luxembourg is in the EU/EEA, passportable licences issued there can be extended to the other member states by notification. Crypto-asset service providers are authorised under MiCA.",
   "path_to_market": "Start by mapping the activities you plan to offer onto the licence types above; the activity pages show which licence permits each one. CSSF offers pre-application meetings and an innovation hub; the regulator page explains how to use them. The application goes to CSSF, together with the capital, governance and AML documentation the licence page lists. Once authorised, an EU/EEA licence can be extended to other member states by passport notification rather than a new licence.",
   "derived_from": [
    "cssf-luxembourg"
   ],
   "type": "jurisdiction"
  },
  {
   "id": "LV",
   "name": "Latvia",
   "region": "eu-eea",
   "regulator_ids": [
    "latvijas-banka"
   ],
   "answer": "In Latvia, fintech and crypto licences are issued by the Latvijas Banka (LB). The Atlas covers 8 licence types there, in 6 families: bank, crypto-asset service provider (MiCA), electronic money institution, investment firm, lending and payment institution. Because Latvia is in the EU/EEA, passportable licences issued there can be extended to the other member states by notification. Crypto-asset service providers are authorised under MiCA. Each licence page lists its legal basis, fees and decision period with sources.",
   "path_to_market": "Start by mapping the activities you plan to offer onto the licence types above; the activity pages show which licence permits each one. LB offers pre-application meetings, an innovation hub and a regulatory sandbox; the regulator page explains how to use them. The application goes to LB, together with the capital, governance and AML documentation the licence page lists. Once authorised, an EU/EEA licence can be extended to other member states by passport notification rather than a new licence.",
   "derived_from": [
    "latvijas-banka"
   ],
   "type": "jurisdiction"
  },
  {
   "id": "MT",
   "name": "Malta",
   "region": "eu-eea",
   "regulator_ids": [
    "mfsa-malta",
    "mga-malta"
   ],
   "answer": "In Malta, fintech and crypto licences are issued by the Malta Financial Services Authority (MFSA). The Atlas covers 7 licence types there, in 6 families: bank, crypto-asset service provider (MiCA), electronic money institution, investment firm, payment institution and trust and corporate services. Because Malta is in the EU/EEA, passportable licences issued there can be extended to the other member states by notification. Crypto-asset service providers are authorised under MiCA. Each licence page lists its legal basis, fees and decision period with sources.",
   "path_to_market": "Start by mapping the activities you plan to offer onto the licence types above; the activity pages show which licence permits each one. MFSA offers pre-application meetings, an innovation hub and a regulatory sandbox; the regulator page explains how to use them. The application goes to MFSA, together with the capital, governance and AML documentation the licence page lists. Once authorised, an EU/EEA licence can be extended to other member states by passport notification rather than a new licence.",
   "derived_from": [
    "mfsa-malta"
   ],
   "type": "jurisdiction"
  },
  {
   "id": "MU",
   "name": "Mauritius",
   "region": "offshore",
   "regulator_ids": [
    "fsc-mauritius"
   ],
   "answer": "In Mauritius, fintech and crypto licences are issued by the Financial Services Commission (FSC). The Atlas covers 7 licence types there, in 2 families: investment firm and virtual asset service provider. Each licence page lists its legal basis, fees and decision period with sources.",
   "path_to_market": "Start by mapping the activities you plan to offer onto the licence types above; the activity pages show which licence permits each one. FSC offers pre-application meetings, an innovation hub and a regulatory sandbox; the regulator page explains how to use them. The application goes to FSC, together with the capital, governance and AML documentation the licence page lists.",
   "derived_from": [
    "fsc-mauritius"
   ],
   "type": "jurisdiction"
  },
  {
   "id": "MY",
   "name": "Malaysia (Labuan)",
   "region": "apac",
   "slug": "labuan",
   "regulator_ids": [
    "labuan-fsa"
   ],
   "answer": "In Malaysia (Labuan), fintech and crypto licences are issued by the Labuan Financial Services Authority (Labuan FSA). The Atlas covers 1 licence type there, in one family: investment firm. Each licence page lists its legal basis, fees and decision period with sources.",
   "path_to_market": "Start by mapping the activities you plan to offer onto the licence types above; the activity pages show which licence permits each one. Labuan FSA offers pre-application meetings; the regulator page explains how to use them. The application goes to Labuan FSA, together with the capital, governance and AML documentation the licence page lists.",
   "derived_from": [
    "labuan-fsa"
   ],
   "type": "jurisdiction"
  },
  {
   "id": "NL",
   "name": "Netherlands",
   "region": "eu-eea",
   "regulator_ids": [
    "dnb-netherlands",
    "afm-netherlands"
   ],
   "answer": "In Netherlands, fintech and crypto licences are issued by the De Nederlandsche Bank (DNB) and the Authority for the Financial Markets (AFM). The Atlas covers 14 licence types there, in 10 families: bank, crypto-asset service provider (MiCA), electronic money institution, fund manager, investment firm, lending, money transmitter, payment institution, stablecoin issuer and trust and corporate services. Because Netherlands is in the EU/EEA, passportable licences issued there can be extended to the other member states by notification. Crypto-asset service providers are authorised under MiCA.",
   "path_to_market": "Start by mapping the activities you plan to offer onto the licence types above; the activity pages show which licence permits each one. DNB offers pre-application meetings and an innovation hub; AFM offers pre-application meetings, an innovation hub and a regulatory sandbox; the regulator page explains how to use them. The application goes to DNB and AFM, together with the capital, governance and AML documentation the licence page lists. Once authorised, an EU/EEA licence can be extended to other member states by passport notification rather than a new licence.",
   "derived_from": [
    "dnb-netherlands",
    "afm-netherlands"
   ],
   "type": "jurisdiction"
  },
  {
   "id": "PL",
   "name": "Poland",
   "region": "eu-eea",
   "regulator_ids": [
    "knf-poland"
   ],
   "answer": "In Poland, fintech and crypto licences are issued by the Polish Financial Supervision Authority (KNF). The Atlas covers 11 licence types there, in 7 families: bank, crypto-asset service provider (MiCA), electronic money institution, fund manager, investment firm, lending and payment institution. Because Poland is in the EU/EEA, passportable licences issued there can be extended to the other member states by notification. Crypto-asset service providers are authorised under MiCA. Each licence page lists its legal basis, fees and decision period with sources.",
   "path_to_market": "Start by mapping the activities you plan to offer onto the licence types above; the activity pages show which licence permits each one. KNF offers pre-application meetings, an innovation hub and a regulatory sandbox; the regulator page explains how to use them. The application goes to KNF, together with the capital, governance and AML documentation the licence page lists. Once authorised, an EU/EEA licence can be extended to other member states by passport notification rather than a new licence.",
   "derived_from": [
    "knf-poland"
   ],
   "type": "jurisdiction"
  },
  {
   "id": "SC",
   "name": "Seychelles",
   "region": "offshore",
   "regulator_ids": [
    "fsa-seychelles"
   ],
   "answer": "In Seychelles, fintech and crypto licences are issued by the Financial Services Authority (Seychelles) (FSA). The Atlas covers 4 licence types there, in 4 families: fund manager, investment firm, trust and corporate services and virtual asset service provider. Each licence page lists its legal basis, fees and decision period with sources.",
   "path_to_market": "Start by mapping the activities you plan to offer onto the licence types above; the activity pages show which licence permits each one. FSA offers a regulatory sandbox; the regulator page explains how to use them. The application goes to FSA, together with the capital, governance and AML documentation the licence page lists.",
   "derived_from": [
    "fsa-seychelles"
   ],
   "type": "jurisdiction"
  },
  {
   "id": "SG",
   "name": "Singapore",
   "region": "apac",
   "regulator_ids": [
    "mas-singapore"
   ],
   "answer": "In Singapore, fintech and crypto licences are issued by the Monetary Authority of Singapore (MAS). The Atlas covers 5 licence types there, in 4 families: bank, investment firm, payment institution and trust and corporate services. Each licence page lists its legal basis, fees and decision period with sources.",
   "path_to_market": "Start by mapping the activities you plan to offer onto the licence types above; the activity pages show which licence permits each one. MAS offers an innovation hub and a regulatory sandbox; the regulator page explains how to use them. The application goes to MAS, together with the capital, governance and AML documentation the licence page lists.",
   "derived_from": [
    "mas-singapore"
   ],
   "type": "jurisdiction"
  },
  {
   "id": "SK",
   "name": "Slovakia",
   "region": "eu-eea",
   "regulator_ids": [
    "nbs-slovakia"
   ],
   "answer": "In Slovakia, fintech and crypto licences are issued by the National Bank of Slovakia (NBS). The Atlas covers 6 licence types there, in 6 families: bank, crypto-asset service provider (MiCA), electronic money institution, investment firm, lending and payment institution. Because Slovakia is in the EU/EEA, passportable licences issued there can be extended to the other member states by notification. Crypto-asset service providers are authorised under MiCA. Each licence page lists its legal basis, fees and decision period with sources.",
   "path_to_market": "Start by mapping the activities you plan to offer onto the licence types above; the activity pages show which licence permits each one. NBS offers pre-application meetings, an innovation hub and a regulatory sandbox; the regulator page explains how to use them. The application goes to NBS, together with the capital, governance and AML documentation the licence page lists. Once authorised, an EU/EEA licence can be extended to other member states by passport notification rather than a new licence.",
   "derived_from": [
    "nbs-slovakia"
   ],
   "type": "jurisdiction"
  },
  {
   "id": "SV",
   "name": "El Salvador",
   "region": "americas",
   "regulator_ids": [
    "cnad-el-salvador"
   ],
   "answer": "In El Salvador, fintech and crypto licences are issued by the National Commission of Digital Assets (CNAD). The Atlas covers 1 licence type there, in one family: virtual asset service provider. Each licence page lists its legal basis, fees and decision period with sources.",
   "path_to_market": "Start by mapping the activities you plan to offer onto the licence types above; the activity pages show which licence permits each one. CNAD offers pre-application meetings and a regulatory sandbox; the regulator page explains how to use them. The application goes to CNAD, together with the capital, governance and AML documentation the licence page lists.",
   "derived_from": [
    "cnad-el-salvador"
   ],
   "type": "jurisdiction"
  },
  {
   "id": "US",
   "name": "United States",
   "region": "americas",
   "slug": "united-states",
   "regulator_ids": [
    "fincen-usa"
   ],
   "answer": "In United States, fintech and crypto licences are issued by the Financial Crimes Enforcement Network (FinCEN). The Atlas covers 1 licence type there, in one family: money transmitter. Each licence page lists its legal basis, fees and decision period with sources.",
   "path_to_market": "Start by mapping the activities you plan to offer onto the licence types above; the activity pages show which licence permits each one. FinCEN offers an innovation hub; the regulator page explains how to use them. The application goes to FinCEN, together with the capital, governance and AML documentation the licence page lists.",
   "derived_from": [
    "fincen-usa"
   ],
   "type": "jurisdiction"
  },
  {
   "id": "VG",
   "name": "British Virgin Islands",
   "region": "offshore",
   "slug": "bvi",
   "regulator_ids": [
    "bvi-fsc"
   ],
   "answer": "In British Virgin Islands, fintech and crypto licences are issued by the British Virgin Islands Financial Services Commission (BVI FSC). The Atlas covers 4 licence types there, in 4 families: fund manager, investment firm, money transmitter and virtual asset service provider. Each licence page lists its legal basis, fees and decision period with sources.",
   "path_to_market": "Start by mapping the activities you plan to offer onto the licence types above; the activity pages show which licence permits each one. BVI FSC offers a regulatory sandbox; the regulator page explains how to use them. The application goes to BVI FSC, together with the capital, governance and AML documentation the licence page lists.",
   "derived_from": [
    "bvi-fsc"
   ],
   "type": "jurisdiction"
  },
  {
   "id": "ZA",
   "name": "South Africa",
   "region": "africa",
   "regulator_ids": [
    "fsca-south-africa"
   ],
   "answer": "In South Africa, fintech and crypto licences are issued by the Financial Sector Conduct Authority (FSCA). The Atlas covers 4 licence types there, in 2 families: investment firm and virtual asset service provider. Each licence page lists its legal basis, fees and decision period with sources.",
   "path_to_market": "Start by mapping the activities you plan to offer onto the licence types above; the activity pages show which licence permits each one. The application goes to FSCA, together with the capital, governance and AML documentation the licence page lists.",
   "derived_from": [
    "fsca-south-africa"
   ],
   "type": "jurisdiction"
  }
 ]
}