Jurisdictions · 25 regimes
CRYPTO LICENSING BY JURISDICTION.
The right jurisdiction decides your regulator, your capital tier and your timeline. Each guide names the real authority, explains the regime honestly — including where a "licence" is really just incorporation — and ranks the firms that actually file there.
EU
Lithuania
Bank of Lithuania
12 firms → Poland KNF (Polish Financial Supervision Authority)
11 firms → Czech Republic CNB (Czech National Bank)
12 firms → Estonia Finantsinspektsioon
12 firms → Malta MFSA (Malta Financial Services Authority)
10 firms → Cyprus CySEC (Cyprus Securities and Exchange Commission)
9 firms → Spain CNMV (Comisión Nacional del Mercado de Valores)
4 firms → Slovakia NBS (Národná banka Slovenska)
4 firms → Bulgaria FSC (Financial Supervision Commission)
7 firms → Portugal CMVM (with Banco de Portugal's prior VASP register)
guide → Offshore
British Virgin Islands
BVI FSC (Financial Services Commission)
5 firms → Cayman Islands CIMA (Cayman Islands Monetary Authority)
5 firms → Saint Vincent & the Grenadines FSA (no forex/crypto licences; Virtual Asset Business Act registration being introduced)
7 firms → Seychelles FSA Seychelles (Financial Services Authority)
guide → Firm counts reflect documented coverage only. Regimes change — confirm current rules with the named regulator. See the full CLBR ranking and methodology.