Payment & Banking

Malta Payment Institutions (PI) are authorized and supervised by the Malta Financial Services Authority (MFSA) in accordance with the Financial Institutions Act and applicable EU payment services rules，Can provide approved payment services but cannot issue electronic money。MiCA authorization for crypto-asset companies should not be written as a PI approval case，PI also does not automatically cover stablecoin or crypto asset services。Applicants must prove capital based on actual activities、governance、Malta practical management、Customer fund protection、AML/CFT、ICT and outsourcing arrangements。

The Cyprus Electronic Money Institution (EMI) is authorized and supervised by the Central Bank of Cyprus (CBC) in accordance with the law.。The core legal basis is the Electronic Currency Law of 2012 and 2018 (Law 81(I)/2012) and the Payment Services Act 2018 (Law 31(I)/2018），The EU EMD2 and PSD2 directives have been translated into domestic law。After the approved institution registers with the European Banking Authority (EBA)，Provide electronic money and payment services in accordance with the law within the European Economic Area (EEA)。Statutory application requirements include：35Minimum initial paid-in capital of 10,000 euros、100% Customer fund isolation (Safeguarding) mechanism、Establishing a legal person in Cyprus、Registration and Head Office，and conduct at least part of the electronic money or related payment business locally，At the same time, establish governance and eligibility arrangements that meet CBC requirements.。Cyprus will apply a corporate income tax rate of 15% from January 1, 2026，and supports “EMI + CASP” Dual License Collaborative Architecture。Hong Kong Huitong provides coverage for corporate establishment、Fit & Proper) review coaching、Business operations plan (PoO) compilation and statutory agency services for CBC regulatory interview agents。

Hong Kong Customs supervises money service operators in accordance with the Anti-Money Laundering and Counter-Terrorist Financing Ordinance。Subject to applicable exceptions，Operating currency exchange or remittance services in Hong Kong requires an MSO license。Application subject、premises、fit and proper person、Business plans and AML/CFT controls are reviewed against actual models；Hong Kong Express can assist with data preparation，However, interview arrangements or licensing results cannot be guaranteed.。

Singapore Payment Services License (often called MPI License in the industry)、SPI license、PSA license or DPT crypto license) is regulated by the Monetary Authority of Singapore (MAS) under the Payment Services Act (PSA)。The framework divides the business into standard payment institutions (SPI) and large payment institutions (MPI)。2024 Year 8 Starting from month，MAS implements new review rules，Mandatory submission of professional legal opinions and external independent audit evaluation of DPT business。Access review focuses on local substantive management、authorized capital buffer、Customer fund isolation and anti-money laundering (AML) defense line。Hong Kong Express provides applying entities with coverage of local corporate establishment、Executive fitness review (Fit and Proper)、Issuance of legal opinions、Full-case legal agency services for network security audit and MAS administrative interview coaching。

Kazakhstan Payment Services License (Legal name under the AFSA system is "Money Service Provider MSP"，Under the onshore NBK system, it is legally called a “payment institution”，In practice, they are often collectively referred to as FSP/PSP licenses) and are strictly subject to Kazakhstan’s dual-track financial regulations.。According to current laws and 2024 Year 7 moon 1 effective on 10 resolution，Industry access is subject to statutory paid-in capital (up to 3 billion tenge or 40 An absolute verification red line has been set up in terms of the substantial performance of duties (Fit and Proper) of core executives.。Hong Kong Express provides applicant entities with statutory assessments covering the dual-track structure、Corporate establishment、Full-case legal agency services for executive qualification review and anti-money laundering (AML/CFT) penetrating verification.。

Mauritius payment licenses are mainly divided by the Bank of Mauritius (BoM) Issuing payment service provider (PSP) license，and by the Financial Services Commission (FSC) Issuing payment intermediary services (PIS) license。BoM’s PSP license is based on the National Payment Systems Act and its authorization and licensing rules；FSC's PIS license is handled in accordance with Article 14 of the Financial Services Act 2007 and the current comprehensive licensing and charging rules.。in recent years，Relying on a well-established global business company (GBC) Architecture，Mauritius has become a legal clearing hub for multinational entities to deploy in the African and offshore payment markets.。Hong Kong Huitong provides applicants with covered entity registration、Legal capital verification、Substantive local operations (Substance) Construction and anti-money laundering (AML) Full-case legal agency services for review and docking。

Georgia Payment Service Provider (PSP) and Electronic Money Institution (EMI) License (also commonly referred to as Payment Institution License in statutory classification and practice、Payment system provider license or financial company license) is legally regulated by the National Bank of Georgia (NBG)。Authorization to legally conduct digital payment settlements、Fund remittance and electronic money issuance business franchise。The core statutory advantage of this license is the concession tax exemption policy：If a licensed entity is legally granted “virtual regional entity” status，The digital financial services exported overseas are applicable to 0% corporate income tax rate。Hong Kong Huitong provides registration from local entities、Notarization of a complete set of foreign documents，Go to the internal compliance system to build a special legal agency plan that interfaces with regulatory agencies，Ensure the legal implementation of the project。

in the united states，MSB registration and state MTL licenses are subject to different levels of regulatory requirements。FinCEN is responsible for MSB registration and BSA/AML obligations at the federal level，State financial regulators regulate currency transmissions individually、Fiat currency exchange、Licensing conditions for virtual assets and payment services。Is MTL required?、Do I need to complete FinCEN registration first?、Capital and Margin Requirements and Application Process，Must be judged on a case-by-case basis based on target state and actual business。

Working in remittances in the United States、currency exchange、Virtual currency or other money service business，Typically required to assess FinCEN's federal MSB registration and anti-money laundering obligations，And determine whether it is necessary to obtain a state-level MTL license based on the actual service area.。FinCEN registration is not the same as a business license，Nor is it a substitute for state-level authorization、Bank due diligence or other regulatory requirements。Hong Kong Huitong can assist US companies to set up、A、Business classification、AML system、FinCEN registration and preparation of state-level licensing materials。

Operating a foreign exchange exchange in Canada、money transfer、Virtual currencies or other regulated money services，Typically required to register with FINTRAC and establish AML/KYC in accordance with applicable regulations、Compliance Officer、Record keeping and reporting system；If the business involves payment services，Bank of Canada RPAA registration requirements should also be assessed。Hong Kong Huitong can assist in company establishment、Business classification、Compliance system and registration information preparation。MSB registration is a regulatory registration，It does not mean opening a bank account、Business cooperation or other permissions must be approved。