What are the requirements for obtaining a Labuan forex license for a blockchain-based financial service provider?

1 answers

• MalleeswaranJan 09, 2022 · 4 years ago
  When it comes to obtaining a Labuan forex license for a blockchain-based financial service provider, there are certain requirements that need to be met. The applicant must be a company incorporated in Labuan, Malaysia, with a minimum paid-up capital of MYR 500,000. The company should have a physical office in Labuan and appoint at least two resident directors. It is also necessary to have a minimum of three full-time employees in Labuan. Compliance with the Labuan Financial Services Authority's regulations and guidelines for blockchain-based financial services is essential. Additionally, having a robust risk management framework is crucial for obtaining the license.
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