Offshore Crypto without license (Where to move from SVG?)

[off42]

Hi everyone,
Can anyone advise which jurisdictions are still available for redomiciliation (we need to keep safe structure and accounts) from St. Vincent and the Grenadines for a crypto exchange?

Due to the new VASP law in SVG, a license is now required.
Nevis also seems to be preparing similar legislation.
St. Lucia and Antigua have strict local record-keeping and reporting requirements.

Are there any viable options left for redomiciliation without immediate licensing or heavy substance obligations?
Would appreciate any suggestions or insights.


Thanks in advance!

 

[SCHLOSSFINANZ]

NO!

 

[Tradepass]

I think crypto businesses are now regulated almost everywhere... for sure there are certain jurisdictions‌ where licensing is easier than others... In the Caribbean, I think that Anguilla is one‍ of the top rated

 

[aniglo22]

Costa Rica and Panama

 

[off42]

What are your thoughts on Dominica? Looks like it doesn’t have any crypto regulations neither‌ forex/cfd.

 

[SCHLOSSFINANZ]

yes super idea. You know that they closed their offshore financial center years ago?

https://premieroffshore.com/dominica-eliminates-offshore-corporations/

 

[Tradepass]

There is a difference between having a license to carry on an activity and conducting‌ that same activity in a country where it would be prohibited but the government doesn't‍ have the capacity to enforce its laws. Crypto transactions are subject to FATF AML standards,⁠ so it is impossible to find a place where crypto businesses are not regulated. Not⁤ any longer at least...

 

[linusAG]

Panama

 

[alley]

What's that about Panama if you don't mind to‌ elaborate ?