Open a offshore company for cryptocurrency descentralized exchange like pancake swap

[nt2065]

I have a project of cryptocurrency descentralized exchange similar to pancake swap and I want know I what country should I incorporate for this type of business and how to open a bank account don't need be a bank can be a emi.
And is possible to run two crypto descentralized exchange under the same company like today I develop a cryptocurrency descentralized exchange but in the future I want develop other project similar.

 

[CaptK]

The whole point of decentralisation is to not need banks.
So you don't need to‌ register the company and don't need a bank account.

 

[369]

don't need to register a company 🙂 haha these times are ending for dex'es which are‌ not fully run by community and even there people who make it possible that a‍ dex function will be hold responsible based on SEC

 

[CaptK]

Only an issue for American guys, the rest of the civilized world is doing without the⁠ BS.

 

[369]

So how do you know no US people‍ are using your dex ?
Also its not just US its now US,China,Malaysia,Sinagpore and the⁠ list goes longer.

 

[CaptK]

You are a DEX (Decentralised like UniSwap) not a CEX (Centralised like Binance).

If you‌ want to take fiat then you are centralised which means you need licence and AML‍ headache.

As a DEX you can register a company anywhere you want and don't need⁠ a licence except UAE. Anything crypto related requires a licence.

 

[Jerry1911]

Host it on Tor. In case you need to shut it⁢ down, post the code online (open-source it). In fact, that might even be overkill -︀ there are exchanges like TradeOgre which are hosted on clearnet and are (still) working fine.︁

 

[369]

Thats not correct.As DEX operator or anyone who made it possible if there is no⁣ offical operator is hold responsible under SEC and it's not important if your DEX offers⁢ a fiat gateway or not

 

[nt2065]

I think no one understand exactly what I want I need⁢ a offshore company for if the token I created based on my dex increased in︀ value I can sell and receive money.

 

[nt2065]

Buy who I will receive the money I made with my own︁ token without a bank?

 

[nt2065]

I don't want take fiat but I want a company for sell the token I⁣ made for my exchange if the dex is successful the token will increase the value⁢ and I will sell for make money.

 

[nt2065]

But if my dex is successful I will have a large amount of‌ the tokens I created and I will sell my tokens for make money I don't‍ see nothing wrong in my idea.

 

[nt2065]

Ok but when I sell for fiat I⁤ need have tho explain to the bank how I make this money so I think⁣ will be a problem if I have like 2 million dollars in my token for⁢ sell.

 

[nt2065]

The idea is not a offshore company exactly⁤ for the exchange but it's more like a offshore company that can hold my own⁣ created coins and sell if they value increase.

 

[369]

more important is how you are going to sell⁠ your tokens because most governments have already strict regulations implemented for it

 

[EuroKiss]

A DEX has no company attached. Once you issue⁠ your tokens, you create a pool and swap with other tokens/coins, eventually stablecoins.
Crypto can⁤ be used to buy “things” like homes, cars, etc, so no need to convert them⁣ to fiat.
In case you want some in fiat, send them to your own wallet⁢ and sell through P2P.
Why bothering with a company formation?

 

[369]

My language is accurate.Giving such stupid advice could lead OP into big trouble.If you have‌ no understanding in running a DEX and a token offering i would recommend to not‍ reply your obsolete knowledge which is from before mid 2021

 

[Risehigh]

Not rly, all bigger euro countries have own‍ finance product regulatory agencies. (Never said they work good, just saying "Wirecard" lol)

Oh sorry⁠ you said civilized, right.

 

[EuroKiss]

Sushiswap is the third DEX in the World, and completely anonymous like a good bunch⁤ of others swaps; evidently you have no clue how the crypto world works - and⁣ reading the EU thread pretty much you have no clue how the world in general⁢ works too - so better stay away from all this stuff kid or you risk︀ burnings your wings.

 

[369]

I worked on the first ever DEX in history which was created in 2014 and‌ was a TOP3 coin in CMC.
I was there as committe and biggest proxy which‍ mean decission maker till 2020.
So i guess my knowledge to DEX'es are far better⁠ than yours will ever be

Also your example on Sushiswap leaks big time.I recommend looking⁤ when they started and if todays regulation existed.
A token which was under law not⁣ a security token in 2020 as example falls today as security and totaly other laws⁢ apply even the token may have the same function

So much about being decentralized