Panama Cryptocurrency exchange license

Necessary requirements:

• Registration as a legal entity, opening a physical office and joint capital;
• Documentation to be prepared according to the requirements of the regulator as well as the acquiring bank where the account will be opened;
• Provide jobs for official staff and directors with experience and training in financial activities;
• Develop a business plan and a description of the software and hardware;
• Draw up AML/KYC policies, risk controls and monitoring rules;
• Submit a set of documents to the regulatory authority;
• Pay the government fee;
• The owners and directors of the company must have an impeccable reputation and no criminal record;