EMI License Holder Fiat Transactions in the EU Explained

The question in full

An EMI license holder allows crypto businesses to process fiat transactions in the EU through regulated payment infrastructure. While crypto activity may be sensitive in some banking channels, compliance and jurisdiction rules determine flexibility. Operations must avoid restricted or sanctioned markets.

Answer

The only restriction you have here is to deal in countries where crypto might not be allowed, for example, China. If you are sending crypto to a market that is deemed to have banned crypto or many transactions in dealing with crypto illegal, or where your flow of funds violates the norms of money transmission, needless to say, you would NOT be provided coverage. Otherwise, this is pretty legit and okay.

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?

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