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1 of 1- sumol
- moneyfx learner
Offline - Registered: 12/26/2024
- Posts: 2
Have you had any experience with this?
I’m really thinking of entering the crypto space with my own platform, but MiCA’s regulations have me stuck. It feels like every step I take leads to more paperwork and confusing rules. I want to get started quickly, but it’s so hard to navigate all the licensing and compliance stuff. A friend suggested offshore licensing, but I’m unsure if that’s the right move or if it’s just more hassle in the long run. Have you had any experience with this?
- bilink
- moneyfx learner
Offline
- Registered: 12/26/2024
- Posts: 4
Re: Have you had any experience with this?
I hear you! MiCA definitely makes things more complicated, especially if you're a startup. I was in a similar situation and chose to look into offshore licenses. I ended up going with a jurisdiction like Malta, which had a pretty simple process. The regulatory environment was easier to manage, and it saved me a ton of time. I wouldn’t recommend skipping legal advice, though—it’s important to do everything by the book. If you're looking for more info, here's a guide on offshore crypto licenses.
- kosmos
- moneyfx learner
Offline
- Registered: 12/26/2024
- Posts: 1
Re: Have you had any experience with this?
In my opinion, offshore licensing is often the best route when dealing with MiCA’s complexity. While MiCA aims to regulate everything tightly, some smaller jurisdictions offer flexibility and are much faster to work with. You’ll find it easier to scale your business in a more business-friendly environment. Jurisdictions like the Seychelles and Gibraltar are great choices if you’re looking for a balance between regulation and operational freedom.