Since our company is about to obtain a Labuan Money Brokering license, may I know whether it is sufficient to use this license to apply to be a Registered Agent (RA) under an EMI holder?

Under an RA model, your license outside doesn’t count per se. You would need an EU-registered entity to be able to get a Registered Agent (RA) approval from an EMI. The registered entity (simply a company) can be anywhere in the EEA (European Economic Area).

Suggested Video(s)

—

This page was last updated on February 14, 2023.

–

Related posts:

  1. If we are doing a balance check, do we also need to do a bank account verification? I think the balance check may be sufficient. Please advise.
  2. Timeframe to Obtain an EMI License in the UK
  3. We do not want to hide the fact that we are a crypto company in Asia; however, for EU, we understand crypto topics could be sensitive to most banks. Thus, we prefer to simply utilize the fiat transaction in EU (via an EMI license holder). Can you please tell us how we could be flexible in this case?
  4. Would we be sub-licensed under the Principle License Holder (PLH)?
  5. Other than the receipt, are there other methods to see whether cash was deposited into the gift card or not?
Share with others...