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Why leading firms choose us as their partner.
"We engaged Buckingham Capital Consulting to assist us in developing our Anti-Money Laundering (AML) and Financial Promotions compliance framework for our crypto business. Their expertise in cryptoasset regulations, AML laws, and financial promotions compliance has been instrumental in helping us establish a robust framework to meet our compliance obligations with the FCA."
Our services for cryptoasset providers
Buckingham Capital Consulting assists cryptoasset providers in securing regulatory authorisations in the UK and Europe. Our expert team provides comprehensive support in compliance, operational setup, technology solutions, and financial management, ensuring your crypto business meets all regulatory requirements.
We guide cryptoasset providers through the FCA authorisation process, ensuring compliance with all UK regulatory requirements. Our comprehensive support includes application preparation, detailed documentation, and direct liaison with the FCA, providing a seamless path to obtaining the license and operating successfully.
EU Cryptoasset Authorisation
We assist cryptoasset providers in obtaining authorisation across the EU, navigating the complexities of European regulations. Our services include drafting applications, providing regulatory advice, and ensuring ongoing compliance, enabling smooth market entry and operation within the European Union.
Compliance Services
We offer tailored compliance solutions for cryptoasset providers, helping them adhere to all regulatory requirements. Our services encompass policy development, compliance audits, risk assessments, and ongoing advisory, ensuring operations remain compliant and reducing the risk of potential penalties.
Operational Support
We deliver ongoing operational support tailored to cryptoasset providers, including risk management, internal controls, daily operational guidance, and assistance with setting up and managing bank accounts. Our expertise helps optimise efficiency, ensure regulatory adherence, and manage risks effectively, supporting sustainable growth and operational excellence.
Financial Management
We provide comprehensive financial management services, including financial reporting, accounting, and audits. Our team ensures cryptoasset providers maintain accurate records and meet all financial regulations. By streamlining financial operations and enhancing transparency, we support compliance and promote business growth.
Financial Promotions Review and Approval
We offer financial promotions review and approval services for cryptoasset providers. Our team ensures all promotional materials comply with regulatory standards, helping you avoid potential penalties and maintain a trustworthy market presence. By reviewing and approving your financial promotions, we support your marketing efforts and ensure compliance.
Feel free to reach out if you need something more bespoke or have specific requirements that aren't listed above. We're here to help and would love to discuss how we can support you.
Why Buckingham Capital Consulting
Whether its compliance, authorisation or something else,
its about being part of your journey.
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Expertise from seasoned experts
Our team of seasoned professionals brings a wealth of expertise to the table. With years of industry experience, we offer tailored solutions and are committed to supporting you through every stage of your journey.
Comprehensive Regulatory Support
We provide a comprehensive range of regulatory consulting services, including financial reporting, audit, compliance, training, and financial crime. Count on us to manage your needs with seamless support.
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Since 2013, we've been at the forefront of assisting cryptoasset providers in navigating the complex regulatory environment. Our services include licensing, compliance, and consulting, tailored specifically for the crypto industry across the United Kingdom and Europe. With deep knowledge of cryptoasset regulations, we are well-equipped to guide businesses of all sizes through the evolving landscape, ensuring they meet all regulatory requirements and thrive in this dynamic sector.
Key information and requirements for UK & European crypto licencing
Key requirements
Crypto Licence Definition: A cryptoasset licence allows firms to provide services related to cryptoassets, such as issuing, exchanging, and safeguarding these assets, under strict regulatory compliance.
Registration & Authorisation:
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UK AML: Mandatory registration with the FCA for firms dealing in
cryptoassets, focusing on AML/CTF compliance.
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EU MiCA: Authorisation from national regulators, enabling operations
across the EU under a unified regulatory framework.
Application Fees & Timeframe:
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UK AML: The FCA application fee is £2,000-£10,000. Registration typically takes 5 to 6 months.
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EU MiCA: Application fees vary by member state, with licensing typically taking 6 months.
Initial Capital:
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UK AML: No specific capital requirement, but firms must demonstrate financial stability.
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EU MiCA: Requires €50,000 to €150,000 in initial capital, depending on the services offered.
Personnel:
Both regimes require appointing key roles such as a CEO and MLRO, with additional governance roles under MiCA.
Physical Presence:
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UK AML: Requires a UK-based office for operations.
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EU MiCA: Requires an office within an EU member state, offering passporting rights across the EU.
Required Documentation
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Business Plan: Comprehensive model with financial forecasts for UK and EU operations.
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AML/KYC Policies: Tailored procedures for compliance with UK FCA and EU MiCA standards.
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Organisational Structure: Clear chart of roles and governance structures.
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Capital Evidence & Safeguarding: Proof of capital (MiCA) and client fund protection measures.
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IT Security & Risk Management: Policies for secure transactions and regulatory compliance.
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Outsourcing Arrangements: Detailed oversight of outsourced activities in UK and EU.
Our services
Download our free guide on FCA registration and authorisation and how to ensure a successful outcome with your application.
Recent successful work
Buckingham Capital Consulting helps Nexpay obtain FCA Authorised Payment Institution licence.
Payment Institution
Buckingham Capital Consulting helps Hami obtain a payment institution licence in the UK to offer money remittance services.
Buckingham Capital Consulting advises Global Send on obtaining the Authorised Payment Institution licence.
Payment Institution
Buckingham Capital Consulting helps Onpoint Money Transfer obtain a payment institution licence in the UK to offer money transfer services.
Payment Institution
Buckingham Capital Consulting helps Dzing Financial obtain FCA Authorised Electronic Money Institution licence.
We help McMillan Cancer - one of Britain's largest charities obtain an FCA consumer credit licence to offer financial services.
Consumer Credit
Buckingham Capital Consulting helps HFS obtain its Electronic Money Institution licence in the UK with the FCA.
EMI
Buckingham Capital Consulting helps Europanpay obtain its Electronic Money Institution licence in the UK with the FCA
EMI
Our Publications
Our People
Our team of regulatory and compliance experts brings together diverse backgrounds in banking, consulting, legal, financial, and regulatory sectors. This collective experience provides us with a comprehensive understanding of the unique challenges our clients face. When you choose to work with us, you’ll benefit from the personalised attention of seasoned professionals, often at the director level, ensuring you have direct access to senior experts. Our team combines robust regulatory knowledge with commercial insight, delving deep into your business to tailor unique solutions specifically suited to your needs. This approach ensures we address your challenges effectively and support your success.
