Exchanges & Trading Venues

Digital-asset exchanges, including order-book, peer-to-peer and over-the-counter platforms, subject to the permissions
required for execution, custody, and settlement.

Exchanges — spot, P2P and OTC — Licence: Digital Asset Exchange + Dealing

Requirements

  • Fit-and-proper owners, controllers and senior managers
  • Market-conduct, surveillance and AML/CFT systems
  • Segregation of any client assets held
  • FATF Travel Rule on transfers

Governing law

CAR Part V, s.38; FSMR market-conduct rules

Timeline

Licence decision within 30 business days of a complete application

Indicative cost

Crypto-activity licence from USD 2,500 (starting fee)

Minimum capital and detailed prudential requirements are set in the Prudential Rules — to be confirmed.

Talk to the Regulator

A growing
ecosystem

The zone gives you the rails, partners and a place to test.

Regulatory sandbox

Test a new model live for up to 24 months under an Innovation Testing Licence.

Ecosystem partners

Custody technology, smart-contract audit, oracles, nodes and KYC providers.

Partner programmes
— planned

As the zone grows, we plan support programmes with ecosystem partners, including credits and services for qualifying projects.

Concierge onboarding

A personal account manager and full legal, tax, IT and HR outsourcing.

Ready to establish your digital-asset
business in Tamchy SFIT?

Discuss your business model with the Financial Regulator to establish the regulatory route, permissions, and application
requirements before you begin your setup.

Start Your Setup