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With the introduction of MiCA, DORA, the Travel Rule, and a series of other regulatory obligations, launching a crypto exchange within the EU has become a far more complex process.

Why having the right legal team matters?
Because a proper lawyer doesn’t just draft contracts - a proper lawyer verifies legal meaning across languages, versions, and jurisdictions.

🇻🇨 Check out our package for establishing your Saint Vincent and the Grenadines (SVG) Crypto License

🇨🇼Check out our package for establishing your Curaçao Gaming License

Check out our package for establishing your Dispute Resolution process with NUR Legal.

💥 Over the past week, the virtual economy around CS2 skins has faced one of its sharpest collapses yet. A single update by Valve — allowing trade-ups of five Covert skins into knives or gloves — flooded the market, wiping billions in virtual asset value in less than 24 hours

Check out our package for establishing your Seychelles Forex License.

Check out our Mauritius Crypto License Package - your full-service solution for launching and licensing your crypto business in one of the world’s most reputable offshore jurisdictions.

Curacao’s online gambling regulation has undergone a major transformation. The Curacao Gaming Authority (CGA) replaces the old master-license system, introducing stricter compliance obligations for online casinos operating globally. This reform significantly impacts operators targeting the European market.

Costa Rica is quietly evolving as a jurisdiction of choice for gaming operators. A recent Gambling Insider feature explores how the country’s regulatory flexibility and strategic tolerance shape opportunities-and risks-for the industry.

At NUR Legal, we provide comprehensive Contract Drafting and Review Services for businesses and individuals worldwide. Every agreement, whether it’s an NDA, partnership agreement, licensing deal, or service contract, is meticulously tailored to reflect the client’s unique deal structure, industry, and jurisdiction.

🇨🇦 Check out our comprehensive package for obtaining your MSB License in Canada.

Our Legal Opinion Service is designed to provide clarity, compliance, and confidence for your business operations.

As of 30 December 2024, the Czech Republic has fully implemented the EU’s Markets in Crypto-Assets Regulation (MiCA), introducing a comprehensive legal framework for cryptocurrency businesses operating within its jurisdiction.

In today’s competitive iGaming landscape, establishing a compliant, stable, and efficient business structure is essential for success. A properly built company and licensing framework not only ensures legal compliance but also provides the foundation for reliable payment processing, reputation management, and long-term operational growth.

🇨🇷 Check out our package for establishing your Costa Rica Gaming Company - one of the most business-friendly jurisdictions for online gaming operators.

Looking to set up an offshore crypto or fintech company? Explore our complete package for obtaining a Crowdfunding License in Lithuania.

The UK Gambling Commission has fined Platinum Gaming Limited - operator of unibet.co.uk and uk.bingo.com - £10 million for serious failings in anti-money laundering (AML) and safer gambling controls.

Seychelles’ regulator, the Financial Services Authority (FSA), has recently signalled material changes affecting Forex/CFD licensing under its Securities Dealer regime. License-seekers and incumbents alike must now closely monitor shifting capital, compliance and structural expectations.

Discover our exclusive package for establishing your licensed crypto company in Georgia 🇬🇪 - one of the fastest-growing hubs for digital finance in 2025.

In 2025, Nevis introduced a modern and compliance-driven licensing regime under the Nevis Online Gaming Bill 2025 - a development reshaping offshore gaming regulation and attracting global operators seeking credibility and efficiency.

Mauritius is doubling down on its 2025 agenda for digital currency reform - particularly its retail CBDC project - while at the same time reinforcing its virtual asset regime under the VAITOS Act. The developments have urgent implications for fintech, payments providers and virtual asset operators.

At NUR Legal, we provide professional contract drafting and review services designed to safeguard your interests in high-value and complex transactions. From NDAs to multi-party agreements, every contract is carefully crafted to ensure clarity, enforceability, and strategic alignment with your business objectives.

Georgia’s regulatory transformation for Virtual Asset Service Providers (VASPs) marks a turning point in its financial innovation landscape. This article explores the key legislative updates, compliance expectations, and how these changes affect crypto companies operating in or through Georgia.

The Swedish Government has proposed a full ban on all forms of credit-funded gambling, set to take effect on 1 April 2026.

The EU's MiCA (Markets in Crypto-Assets) regulation and DORA (Digital Operational Resilience Act) audit requirements are now critical for crypto companies seeking EU market access.

The implementation of the Virtual Asset Business Act (VABA) in Saint Vincent and the Grenadines (SVG) marks a decisive change in the country’s approach to digital-asset regulation. For years, SVG was known for minimal oversight of crypto activities - but as of 31 May 2025, that era has officially ended.

The EU’s Markets in Crypto-Assets (MiCA) framework is now fully in effect, providing a unified legal regime for crypto-assets across all member states. This development is crucial for crypto service providers, investors, and businesses operating within the EU, ensuring regulatory clarity and legal certainty.

The Tobique First Nation in Canada has introduced an independent and modern gaming framework through the Tobique Gaming Act 2023, administered by the Tobique Gaming Commission (TGC). This regulatory regime is attracting increasing attention in 2025 for its speed and 0 % gaming tax policy.

Georgia has established a comprehensive regulatory framework for Virtual Asset Service Providers (VASPs), offering clarity and legitimacy to crypto businesses operating within its borders.

Nevis is rapidly gaining recognition as a leading jurisdiction for online gaming operators. The introduction of the Nevis Gaming Ordinance 2025 and the regulatory oversight of the Nevis Online Gaming Authority (NOGA) provide a clear, business-friendly framework for operators seeking compliance, security, and market credibility.

Mauritius has reinforced its regulatory stance on cryptocurrencies, clarifying their legal status and outlining the responsibilities of financial institutions engaging with digital assets. This development underscores the nation’s commitment to a secure and transparent financial ecosystem.

Anjouan, an autonomous island within the Union of the Comoros, has strengthened its gambling license regime. Updates include the introduction of a B2B Recognition Certificate system from July 2025, clarified compliance expectations, and continued emphasis on low-tax, multi-vertical licensing.

Costa Rica offers a unique environment for online gambling businesses, though it lacks a formal gambling license. Instead, operators can establish a company and obtain a data processing license, enabling them to offer services to international clients while adhering to local regulations.

Seychelles has recently introduced a mandatory licensing regime for virtual asset service providers (VASPs), signalling a stricter approach to cryptocurrency regulation. This move has already prompted some exchanges to relocate to jurisdictions with looser oversight.

Lithuania’s regulatory framework for Electronic Money Institutions (EMIs) offers a compelling pathway for fintech companies aiming to operate across the European Union. The Bank of Lithuania provides two distinct licensing options-restricted and unrestricted-catering to various business models and operational scopes.

As of September 8, 2025, Canada’s Retail Payment Activities Act (RPAA) has come into force, introducing significant regulatory changes for Payment Service Providers (PSPs). The Bank of Canada (BoC) has begun publishing a list of registered PSPs and those whose applications have been refused, marking a pivotal moment in Canada’s financial regulatory landscape.

The UAE has reinforced its position as a regional fintech hub by updating its crowdfunding licensing regime. This development introduces clearer rules for platform operators, stricter investor protections, and a defined role for regulators.

Big regulatory update for Curaçao-licensed operators and suppliers!
The Curaçao Gaming Authority (CGA) has released Version 2.0 of its “License Fees under the National Ordinance on Games of Chance (LOK)”, dated 15 October 2025.

Mauritius has firmly established the legality and regulation of cryptocurrency through a structured legal framework, offering clarity for businesses and investors in the virtual asset space. The country’s approach provides both oversight and operational certainty for crypto activities.

As Lithuania approaches the end of its transitional licensing period for crypto-asset service providers, the Bank of Lithuania (Lietuvos bankas) has issued a critical directive: firms opting to cease operations must ensure a smooth and compliant winding-down process.

Big news from Willemstad: the entire Board of Commissioners of the Curaçao Gaming Authority (CGA) resigned in mid-September, leaving the island’s gambling regulator without formal oversight.

The Tobique Gaming Commission (TGC) has recently updated its player protection regulations, reinforcing its commitment to responsible gaming and safeguarding players. These changes are part of the TGC’s ongoing efforts to ensure a secure and fair gaming environment within its jurisdiction.

The Mohawk Council of Kahnawake (MCK) has approved a new mandate for its Gaming Working Group (GWG), reinforcing the community’s authority over online and land-based gaming. This initiative underscores Kahnawake’s commitment to sustainable growth and jurisdictional assertion in the Indigenous gaming sector.

The Bank of Lithuania has clarified licensing requirements for financial brokerage firms, including those offering Forex services, reinforcing its position as a regulated entry point to the EU market.

Yes. As of 31 May 2025, the Virtual Asset Business Act (VABA) came into force in Saint Vincent and the Grenadines (SVG), introducing a comprehensive regulatory framework for Virtual Asset Service Providers (VASPs). This legislation mandates that all entities engaged in virtual asset activities must register with the Financial Services Authority (FSA) to operate legally within the jurisdiction.

Seychelles has introduced new legislation requiring all virtual asset service providers (VASPs) to obtain a license to operate legally. This regulatory shift marks a significant tightening of oversight in the country, impacting both domestic and international crypto platforms.

The choice between Curacao’s newly reformed regime and Nevis’s fresh licensing framework is now a pivotal decision for iGaming operators-each offers a distinct regulatory path and market perception.

The Czech Republic has fully implemented the EU-wide Markets in Crypto-Assets (MiCA) Regulation, reshaping the regulatory landscape for crypto firms. Businesses operating in the country now require a MiCA license to provide crypto services, ensuring compliance with harmonised EU standards.

Lithuania strengthens its position in European crowdfunding with clear licensing requirements. The Financial Supervisory Authority (LFSA) now closely regulates crowdfunding platforms, ensuring investor protection and legal compliance. This development is a key step for both local and international market participants.

Sweden’s gambling regulator has imposed a SEK 4.8 million sanction on Kanon Gaming for breaches of its duty of care obligations. The decision reinforces that responsible gaming obligations are an active enforcement priority in Sweden.

The Nevis Online Gaming Bill, passed in April 2025, introduces a regulated licensing regime for online gaming on the island. Operators worldwide are now assessing their requirements, benefits, and comparative positioning. In this article, we outline the new statutory regime, compare it with other jurisdictions, and provide illustrative scenarios to examine its practical implications.

The UAE Cabinet has officially regulated crowdfunding activities, establishing a clear legal framework that opens new avenues for SMEs and investors.

The British Virgin Islands (BVI) has taken a decisive step in regulating the virtual assets sector. Since the Virtual Asset Service Providers Act, 2022 (VASP Act) came into force on 1 February 2023, the BVI has required registration and supervision of virtual asset service providers (VASPs). This article examines the key principles, practical applications, and the evolution of the framework in 2025.

The Tobique Gaming Commission (TGC) is enhancing its licensing framework in 2025, offering streamlined processes and expanded market access for online gaming operators. This development presents significant opportunities for businesses seeking to enter or expand within the global iGaming sector.

Georgia has introduced a legal framework for virtual assets, including cryptocurrency, aligning with FATF recommendations and imposing regulatory obligations on Virtual Asset Service Providers (VASPs). These changes mark a significant shift for businesses and investors operating in the Georgian crypto market.

This analysis examines the Tobique gaming license framework and its evolving place in international iGaming markets. We summarise key legal features, discuss recognition challenges and comparisons with established regimes, and present real-world applicability with caution.

📌 Key Update: Nevis has updated its corporate laws to strengthen protections for digital asset businesses. The new provisions offer entrepreneurs and investors clearer structures for asset protection, operational resilience, and cross-border governance.

In summary, Lithuania is now implementing MiCA and strengthening AML rules in tandem with AMLD6, pushing firms to align quickly. The central questions concern the transitional regime, licensing deadlines, “travel rule” obligations, and the interplay of national enforcement under the new EU regime. Lithuanian authorities are already signalling the legal risks of non-compliance.

Anjouan, part of the Union of Comoros, has rapidly gained attention in 2025 as a provider of offshore iGaming licenses. The jurisdiction markets itself as cost-effective and flexible.

The Tobique Gaming Commission has officially announced that it is now accepting applications from foreign online gaming operators. This development marks a significant step in expanding regulated gaming under the jurisdiction of the Tobique First Nation, offering new opportunities for operators while ensuring robust oversight and protection of players.

Costa Rica’s unique regulatory environment for online gambling poses specific challenges for international operators. While the country lacks formal online gambling licensing, businesses registered as data processing entities must navigate evolving data protection obligations to ensure compliance and mitigate risk.

Canadian fintechs handling cross-border payments face increasingly complex compliance obligations. What has changed recently - and how can businesses remain onside of both financial crime and tax reporting rules?

Lithuania has adopted the EU Crowdfunding Regulation, establishing a unified licensing framework for crowdfunding service providers across the EU. This move aims to enhance investor protection and streamline cross-border operations within the EU.

Canada has reinforced its anti-money laundering framework for virtual asset service providers (VASPs). The Financial Transactions and Reports Analysis Centre of Canada (FINTRAC) recently updated guidance on the Travel Rule, clarifying obligations for VASPs in verifying, recording, and reporting virtual currency transfers. This update ensures alignment with both domestic law and FATF recommendations.

The Mohawk Territory of Kahnawake has become one of the most recognised jurisdictions in the global gaming sector. Its Commission regulates both online and land-based operations, ensuring compliance, player protection, and transparency.

In April 2025, the Nevis Island Assembly passed the Nevis Online Gaming Bill, 2025, creating a new regulatory regime for digital gaming. The framework, implemented through the Nevis Online Gaming Ordinance, 2025 and Regulations published in June 2025, introduces a structured licensing system, strict compliance obligations, and a new regulatory authority.

Earlier this week, reports emerged from Romania alleging that Playtech’s Fire Blaze Red Wizard slot malfunctioned, resulting in Superbet paying out approximately €30 million to players.

Nine leading European banks — including ING, UniCredit, CaixaBank, Danske Bank, and Raiffeisen Bank International — have announced the launch of a MiCA-compliant, euro-denominated stablecoin in the second half of 2026.

Seychelles has long been a preferred jurisdiction for offshore exchanges and fintech ventures due to its flexible corporate structures and favourable tax environment. However, recent regulatory scrutiny highlights significant compliance obligations that operators cannot afford to overlook. Understanding these risks is essential for businesses seeking legal certainty and operational stability.

The Ontario Securities Commission (OSC) is intensifying its regulatory scrutiny of crypto asset trading platforms (CTPs), focusing on compliance with investor protection standards and operational transparency.

The Autonomous Island of Anjouan offers an affordable and streamlined licensing process for online gaming operators. However, potential licensees should be aware of significant legal and regulatory uncertainties associated with this jurisdiction.

Cyprus has become a preferred entry point for Payment Service Providers (PSPs) and Electronic Money Institutions (EMIs) seeking access to the EU market. The Central Bank of Cyprus (CBC) oversees licensing and supervision under EU-aligned laws, offering passporting rights across the European Economic Area (EEA).

Online gaming operators are increasingly leveraging AI to tailor player experiences and prevent problem gambling. This raises pressing legal questions around data use, consent, and regulatory compliance across jurisdictions.

We at NUR Legal would like to draw your attention to the recent announcement by the Curaçao Gaming Authority: as of 15 October 2025, displaying the orange digital seal (Certificate of Operation) on any gaming operator domain will be in breach of Curaçao law.

This article examines the legal framework governing securities exchanges in Seychelles, key compliance obligations under the Securities Act 2007 (as amended), and the practical implications for any entity wishing to establish or operate an exchange. It outlines the principal legal risks and regulatory standards, contrasting Seychelles’ regime with common international practice, and gives examples of how enforcement works in practice.

Georgia has recently formalised its regulatory stance on cryptocurrency via the Law on Virtual Asset Service Providers (VASP) Registration Procedure, effective 1 July 2023. This creates clear obligations for crypto firms to register with the National Bank of Georgia (NBG) and comply with anti-money laundering (AML) and know your customer (KYC) rules. The move marks a turning point for firms operating in crypto-assets, defining legal status and risk.

• The Guidance (published 10 July 2020) defines a “virtual asset” along the lines of the FATF standard: a digital representation of value that can be traded or transferred, used for payment or investment-excluding fiat currency.
• Activities are regulated under several BVI laws: in particular, the Securities and Investment Business Act, 2010 (SIBA), the Financial Services Commission Act, 2001, and the Anti-Money Laundering Regulations, 2008, plus the AML & Terrorist Financing Code of Practice.

This analysis examines how stablecoins are being regulated in major markets, especially in the European Union, and considers what legal issues their growing use for payments raises. The key facts include recent projections about stablecoin growth, regulatory regimes such as MiCA, concerns over monetary sovereignty, and the legal standard risks and measures under active consideration.

As of July 31, 2025, the Czech Republic has fully implemented the EU’s Markets in Crypto-Assets Regulation (MiCA), replacing the previous Virtual Asset Service Provider (VASP) framework. All crypto businesses must now operate under the new Crypto-Asset Service Provider (CASP) licensing regime.

This article examines the obligations of online casino operators under Know Your Customer (KYC) and Anti-Money Laundering (AML) regulations. It reviews the international and national standards, analyses how approaches differ across jurisdictions, and highlights key enforcement cases that demonstrate the risks of non-compliance.

Curaçao’s recent overhaul of its Responsible Gaming Policy marks a significant shift in its regulatory landscape. This development aims to enhance player protection and align with international standards, impacting all licensed operators within its jurisdiction.

This article examines the top five non-EU jurisdictions for crypto licensing in 2025-Seychelles, Georgia, Canada, Saint Vincent & the Grenadines (SVG), and the UAE, based on regulatory clarity, legal requirements, compliance obligations, and suitability for virtual asset service providers (VASPs). We outline official standards, compare frameworks, and provide practical insights on applicability.

As of September 8, 2025, the Bank of Canada commenced publishing a registry of registered Payment Service Providers (PSPs) under the Retail Payment Activities Act (RPAA), marking a significant milestone in the regulation of retail payment services in Canada.

Embarking on a gaming venture may seem fun, but securing the appropriate license is a meticulous and time-consuming process. The duration to obtain a gaming license varies significantly across jurisdictions, influenced by regulatory frameworks, documentation requirements, and the applicant’s preparedness. While some regions expedite the licensing process, others necessitate thorough evaluations, leading to extended timelines. Currently, the fastest license to get is Anjouan.

This article highlights the five most common and serious mistakes applicants make: inadequate technical infrastructure, incomplete business plans, insufficient qualified staff, poor organisational structuring, and weak compliance frameworks. Drawing on regulator guidance and comparative practice, we show how to avoid these pitfalls.

This update details the latest revisions to the UAE’s regulatory framework for virtual assets, focusing on the September 2025 VARA rulebook updates, the formalised cooperation between VARA and SCA, and what Virtual Asset Service Providers (VASPs) must do to comply. We cover the legal changes, the reasoning, and how these compare with earlier rules.

In today’s regulatory climate, whether you are creating a minting token project or operating a crypto exchange, you will face significant legal questions. A legal opinion is increasingly essential to identify applicable laws, licensing needs, and compliance risks across jurisdictions.

Do all stakeholders in the EU fully understand how the Travel Rule applies to crypto-asset transfers under the new rules? This article examines the key legal framework, highlights areas of legal uncertainty, and explores how gaps in implementation are impacting businesses. The central concern is that while Regulation (EU) 2023/1113 (the revised Transfer of Funds Regulation, or TFR) and the EBA’s Travel Rule Guidelines set binding obligations, practical and technical difficulties remain.

As of 31 May 2025, Saint Vincent and the Grenadines (SVG) has implemented the Virtual Asset Business Act (VABA), establishing a comprehensive regulatory framework for virtual asset businesses (VABs) operating in or from SVG. This move aims to enhance regulatory clarity, encourage compliance, and elevate the international credibility of the country’s virtual asset industry.

Cyprus has become an increasingly attractive jurisdiction for gaming operators, offering clear regulatory pathways and a favourable business environment. Understanding the licensing framework is essential for compliance, investor confidence, and market access.

The Swedish Gambling Authority (SGA) has intensified its enforcement efforts by banning two more Curaçao-based operators-Altacore NV and Ryker BV, for illegally targeting Swedish players without the necessary license. This move underscores Sweden’s commitment to upholding its regulated gambling market and protecting consumers from unlicensed operators.

This article explores Estonia’s regulatory and legal landscape for fintech, the new Crypto-Asset Market Act and EU-wide obligations, comparisons with other EU jurisdictions, and practical examples of how fintech companies operate under these rules.

Seychelles has become a top destination for financial firms and entrepreneurs looking to secure a Forex (Securities Dealer) License. With its strong regulatory framework, low taxation, and international credibility, this license is a smart move for companies aiming to grow in the global markets.

What’s Happening?
MiCA was supposed to deliver the holy grail of a single EU licence. One authorisation, 26 markets. But reality is biting.

The European Central Bank (ECB) is advancing its digital euro initiative through comprehensive pilot projects, aiming to reshape the future of payments in the euro area. These efforts are crucial for ensuring that central bank money remains universally accessible in the digital age.

This article examines the evolving legal landscape in the EU concerning responsible gaming, particularly age verification, consumer protection and platform liability. It highlights the European Commission’s July 2025 measures, national initiatives in France and Italy, and the interplay with broader EU digital policy.

We’re pleased to announce that NUR-Legal team is now open for a new gaming/lottery license from the Lagos State Lotteries & Gaming Authority (LSLGA).

International sanctions are increasingly impacting crypto and gaming operators, requiring strict compliance to avoid severe penalties. Operators must navigate complex frameworks that govern financial transactions, licensing, and player engagement across jurisdictions.

This article examines key regulatory standards and legal issues for cross-border digital asset businesses—what laws must be complied with, what licensing and authorisation are required, and how jurisdictions like the UK, EU and others are ruling on these matters. It summarises the latest shifts in regulation (including MiCA in the EU, evolving UK regimes, and FATF standards), compares approaches, and presents examples of how legal structuring can be tailored in practice.