What is Crypto Licensing?

Cryptocurrency licensing is a regulatory framework through which governments or relevant authorities grant businesses the legal authorization to operate within the cryptocurrency industry. This license ensures that companies handling digital assets comply with a set of rules and standards, promoting transparency, security, and consumer protection in an often decentralized and rapidly evolving market. Crypto licensing serves as a foundational component of the broader effort to regulate blockchain technology and cryptocurrency transactions, ensuring they align with existing financial and anti-money laundering (AML) laws.…