How to Get Crypto Exchange License?

License is mandatory to open a crypto exchange. In this guide, we will examine license acquisition processes in Turkey and worldwide.

🇹🇷 License in Turkey

Current Status (2025)

• SPK regulations expected
• MASAK notification mandatory
• Company establishment required

Requirements

✅ Minimum capital (est.): ₺10M+ ✅ Physical office ✅ Technical infrastructure ✅ Security certificates ✅ Insurance

Cost

🌍 International Licenses

🇲🇹 Malta - Crypto Island

Advantages:

• ✅ Crypto-friendly
• ✅ Within EU
• ✅ Good regulation

Process:

1. Company establishment (2-4 weeks)
2. MFSA application (6-12 months)
3. Compliance officer appointment
4. Capital adequacy (€730K)

🇸🇬 Singapore - Financial Hub

Advantages:

• ✅ Strong financial center
• ✅ Asian market
• ✅ Tax benefits

Process:

1. MAS license application
2. AML/CFT compliance
3. Technical audit
4. Capital: $250K

🇪🇪 Estonia - Easiest

Advantages:

• ✅ Fast (2-4 months)
• ✅ Cheap
• ✅ e-Residency

Process:

1. Get e-Residency
2. Establish OÜ company
3. Apply for FIU license

🇺🇸 USA - Most Difficult

Requirements:

• FinCEN registration (federal)
• Money Transmitter License (state-based)
• 50 states = 50 licenses!

📋 License Application Process

General Steps

1. Preparation (2-3 months)

• Business plan
• Financial projections
• Compliance plan
• Technical documentation

2. Application (1-3 months)

• Form filling
• Document preparation
• Due diligence

3. Review (3-12 months)

• Regulator review
• Questions/additional documents
• Site visit

4. Approval (1-2 months)

• Final approval
• License issuance
• Annual fees

💰 Total Cost Comparison

| Country | License | Annual | Total (First Year) | |------|--------|--------|------------------|

✅ Required Documents

Company Documents

• ✅ Incorporation certificate
• ✅ Company charter
• ✅ Shareholder list
• ✅ Board of directors

Financial Documents

• ✅ Bank statements
• ✅ Capital proof
• ✅ Financial projections
• ✅ Audit reports

Technical Documents

• ✅ System architecture
• ✅ Security measures
• ✅ Disaster recovery
• ✅ Pen test reports

Compliance Documents

• ✅ AML/KYC policy
• ✅ Risk assessment
• ✅ Compliance officer CV
• ✅ Training program

🚨 Common Mistakes

❌ Avoid:

1. Starting without license (Illegal!)
2. Choosing cheap jurisdiction (Reputation risk)
3. Delaying compliance
4. Incomplete documentation
5. Insufficient capital

📞 Professional Support

Cesa Software license consulting:

✅ Country selection ✅ Application preparation ✅ Document collection ✅ Regulator communication ✅ Technical compliance

Contact:

• 📧 iletisim@cesayazilim.com
• 📞 +90 850 225 53 34

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Note: This guide is provided free of charge for informational purposes only. No fees are required to access this content.## Conclusion

Crypto exchange license is mandatory and expensive but necessary. Best approach:

1. 🎯 Determine target market
2. 🌍 Choose appropriate jurisdiction
3. 💰 Prepare budget
4. 👥 Get professional support
5. ⚖️ Invest in compliance

Start early, be advantageous! 🚀