After the business has met the eligibility criteria, it is eligible to submit an application to the DFSA for a cryptocurrency license. All required documents must be included in the application, including the business plan, financial projections and legal documents. The DFSA will examine the application and may ask for additional information if required. The approval timeframe of cryptocurrency license applications varies depending upon the type of license. The approval of a license application can take from a few months up to a full year depending on the type. During approval, background checks may be conducted by the DFSA on business owners and their management.
Leave a Reply