Adam S. Tracy Explains the Vanuatu Cryptocurrency License

Adam S. Tracy Discusses the Vanuatu Securities License & Cryptocurrency


So, Vanuatu, after long dismissing crypto, uh, for in its financial services realm, has finally allowed a crypto based broker dealer to, uh, become licensed, and that’s significant for a number of reasons. One, Vanuatu’s always been sort of this, um, solid offshore financial services destination. And the financial dealers license that, uh, always been popular with, uh, primarily Forex, CFD’s Binary Options, and even securities because it’s this sort of broad, uh, license, right? You don’t need, like, a separate license to conduct certain activities. They make no differentiation between securities and commodities. And recently, there’ve been some activity in Vanuatu. For instance, allowing the purchase of ownership of, uh, citizenship for- with Bitcoin, for $200,000 in Bitcoin, and other steps of the c- country have taken to become more crypto friendly. But the financial dealers license being awarded to a company that specifically had stated that they were going to do crypto related trading activities is- is a big step in what I would think is the right direction.

Um. It doesn’t give you the basis with that license to operate in the United States. But as a commonwealth nation, and by commonwealth, it’s typically former British protectorates or territories. It does give you the ability to operate in any of those nations. So, really, in the entirety of the EU, and, uh, places like Australia, you could operate legally with that license. And the license is actually relatively easy to get. It’s inexpensive, $2,000 to the application fee. There’s a bonding requirement of $50,000, which you can typically acquire between $1,500 and $3,000 through a source in Vanuatu. Corporation fees are about $1,800 to $2,000. And it’s all online, it’s all automated, right? What you get with a lot of these offshore jurisdictions like, uh, Belize, or something like that, is when you’re going to go through the process of applying for a license, it’s very archaic, it’s very slow, it’s very… A lot of paper involved, right?

Vanuatu has a nice streamlined online platform for doing it. The process requires submitting the application, uh, along with the business plan, projected financials, uh, corporate documentation, eh, evidence of a corporate bank account, et cetera. And they’ll come back after they’ve received the license with questions or comments relating to the application, which you simply amend and send back to ’em all again online or through email. So, it’s a very, um, very kind of streamlined easy process to manage. Typically, it’ll take between three to four months. Uh, this one crypto, uh, related entity that got their license took a little bit longer. But in my experience doing Forex and CFD Business, it- it’s typically a two- uh, three to four month process. So, I would expect future applications, uh, that are related to crypto to mirror that three to four month period, provided you have all the requisite information together.

So, all in all, I think it’s- it’s, um, definitely something to look at. Because it also gives you the flexibility not only to act as a crypto broker dealer and allow for trading of, um, security tokens, of which there are very few platforms out there, and it gives you a large footprint to operate it, and not the United States, but still a very large footpint- footprint to operate it. It’s, um, definitely one of the easier licenses and least- least expensive licenses to get. And it’s a very stable, and otherwise, reputable nation albeit very small. So, check it out, Vanuatu. Um, I’m a big fan for a number of reason. But now that they’ve turned the corner on crypto, I think it’s a- an excellent place to- to launch a crypto broker dealer, offshore broker dealer, um, or crypto exchange. So, I’m [Adam 00:04:15] Tracy, T-R-A-C-Y. Check me out, Happy to answer any questions that, uh, you may have. Later.

A former professional rugby player, Adam S. Tracy brings over twenty years’ experience as an attorney, consultant and dealmaker with a particular focus on cryptocurrency, digital products, payments and immersive corporate structures. As an accomplished executive and advisor to high risk merchants and stakeholders, Adam has proven himself as a results oriented, decisive leader with proven success advising early market entrants, technology adapters, as well as established participants across a wide range of verticals. Adam Tracy’s attack-first personality allows him to excel in dynamic, demanding environments including complex corporate negotiations, distressed environments and regulatory investigations.

In addition, Adam S. Tracy also has a successful track record co-founding high risk industry ventures, building & leading cross-functional teams, and spearheading diverse corporate transactions. A serial entrepreneur, Adam has successfully started and created exits across a wide swath of markets, including various mobile SaaS ventures, nutraceuticals, peer-to-peer payment systems, and several telemarketing-based ventures. Moreover, as a recognized expert in the payments field, Adam Tracy has been a blockchain and digital currency evangelist and influencer since the early days of Bitcoin.

Utilizing his proprietary “Pre-Event Driven™” strategy for decision making, Adam S. Tracy further leverages his over twenty years’ experience to create cost-effective, value-add solutions for each client. A data-driven acolyte, Adam continually refines his strategies based on field studies and data collection. Moreover, Adam Tracy further augments his range of solutions by actively networking with regulators, liquidity providers, legal and compliance experts, deal-flow brokers, investors and management of leading high risk industry ventures.

Adam S. Tracy earned his Bachelor of Science in Computer Applications and Bachelor of Science in Finance from the University of Notre Dame. He subsequently earned his Masters in Business Administration from the DePaul Kellstadt Graduate School of Business, while concurrently earning his Juris Doctorate from the DePaul College of Law. Adam lives outside Chicago with his with his wife, four dogs, and two cats.

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