Luxembourg

The Luxembourg Electronic Money Institution (EMI) license is reviewed by the Luxembourg Commission de Surveillance du Financier (CSSF)，Luxembourg Ministry of Finance final approval for licensing。The license is based on Luxembourg’s Payment Services Law (PSL) of November 10, 2009 and the European Union’s Electronic Money Directive (EMD2)。Licensed institutions are allowed to issue electronic currencies and provide payment services in the European Economic Area (EEA)。Statutory application requirements include：35Initial paid-in capital of 10,000 euros、100%Customer funds physical isolation (Safeguarding) mechanism、Substantial local operation (including physical office and at least 5 local employees)，and compliance with the EU Digital Operations Resilience Act (DORA)。Hong Kong Huitong provides coverage for Luxembourg SA corporate establishment、Executive fitness (Fit & Proper) review material preparation and statutory agency services of CSSF regulatory interview agency。