This license allows holders to focus on providing brokerage services to clients, gives access to liquidity providers and trading platforms for order execution, and gives an opportunity to offer tailored trading solutions to clients
Requirements to the bank’s business plan
Legal fees
Corporate services in the Cayman Islands
Regulatory Framework in the BVI for Crypto Exchanges

Gibraltar does not charge VAT, and there are no taxes on dividends, capital gains, or inheritance. People can choose to be taxed under one of two systems: based on benefits or based on total income, and will be taxed under whichever system results in less tax
Initial Coin Offers (ICOs)
Certain categories of people have historically been associated with high BFR risk:
Proof of domain ownership
Self-employment