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1 vote
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asked in Cryptocurrency 105 points

1 Answer

0 votes
It takes a lot of work.

You need a location that fits the budget, form the corporation and open a corporate bank account, purchase a core cryptocurrency exchange system, create a token that is tradeable against fellow cryptocoins (ETH, BTC, XRP etc), document compliance system & procedures, hire staff, obtain a cryptocurrency licence for the jurisdiction selected, establish a loaded debit card to avoid wire transfers, create a fiat backed coin and open a corresponding account to receive client monies which would be to convert fiat into crypto, vice versa.
answered 91 points
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