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Crypto license in Slovakia

Support in the issuance of Sovakia crypto license with a guarantee of a turnkey contract.

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Currently, crypto-asset services in Slovakia are not regulated by the powers of National Bank of Slovakia (NBS), but strict rules apply to them. Therefore, no regulatory approval or license from NBS is required to carry out crypto-activities in Slovakia.

It should be noted that after the registration of Act No. 279/2020 Coll. amending Act No. 297/2008 (Prevention of legalization of profits derived from criminal activities and prevention of terrorism financing), all entrepreneurs who provide services of cryptoexchange, storage, and maintenance of cryptocurrencies must register with the Trade Licensing Office to provide crypto-activities in Slovakia.

To obtain a crypto license in Slovakia, you must have a local company providing cryptocurrency services. The minimum share capital of a company is 5,000 EUR (you do not have to pay the amount immediately during registration). Besides, appoint a director with EU or Slovakian citizenship and develop and submit a business plan.

All cryptocurrency businesses are subject to checks and identification. Such requirements have been received from the EU, which Slovakia has implemented in state rules and regulations. Anti-money laundering (AML) laws and KYC regulations apply to regulation and licensing. In addition, all regulators are allowed access to corporate information.

Types of cryptolicense in Slovakia

Intermediation of cryptocurrency exchange

This type of license allows the firm to exchange digital currency into fiat and vice versa, as well as crypto into crypto for a fee.

Maintenance and storage of funds on cryptocurrencies

License for companies introducing wallets for cryptocurrency storage, creation of encrypted client keys, as well as their storage.

Crypto activity authrisation in Slovakia packages

Choose the best package of services for obtaining a crypto activity license in Slovakia

  • Essential

    Registration of the Virtual Asset Service Provider under the minimum regulatory requirements

    € 6500

    Initial set up

    0 /month

    Maintenance per month

    • Full Turnkey Company Formation
        • Step 1
          Assistance in opening start-up account for the formation of the authorized capital of 5000 EUR
        • Step 2
          Drafting Articles of Association and other supplementing documents in accordance with the Client's company corporate structure
        • Step 3
          Arrangement of the deal at the notary (notary fees included)
        • Step 4
          Processing and transfer of the documents to the commercial registry with the further entry within the registry (governmental fees included)
    • Registering as VASP within the Regulator

          Submission of application and registration within Finančná spravodajská jednotka (FIU)

          Negotiation with the regulator and full support during the entire process until the registration is accomplished

          State Duties are included

      • Templated draft of AML/KYC Policy

            Transferring templated drafts of AML/KYC policies to the Client

            Templated drafts of AML/KYC policies are adapted under the Lithuanian AML legislation based, but not found in accordance with Client's business model

            Such a set of policies will be sufficient for further registration with the Lithuanian Supervisory Authority (FCIS / FNTT), but not enough for conducting business activities, incl. successful opening of accounts in payment institutions/Banks, involvement of a competent AML Officer, etc

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      • Individual

        Exhaustive set up of company infrastructure for the start of operational activity

        € 10500

        Initial set up

        € 95 /month

        Maintenance per month

        • Full Turnkey Company Formation
            • Step 1
              Assistance in opening start-up account for the formation of the authorized capital of 5000 EUR
            • Step 2
              Drafting Articles of Association and other supplementing documents in accordance with the Client's company corporate structure
            • Step 3
              Arrangement of the deal at the notary (notary fees included)
            • Step 4
              Processing and transfer of the documents to the commercial registry with the further entry within the registry (governmental fees included)
        • Registering as VASP within the Regulator

              Submission of application and registration within Finančná spravodajská jednotka (FIU)

              Negotiation with the regulator and full support during the entire process until the registration is accomplished

              State Duties are included

          • Templated draft of AML/KYC Policy

                Transferring templated drafts of AML/KYC policies to the Client

                Templated drafts of AML/KYC policies are adapted under the Lithuanian AML legislation based, but not found in accordance with Client's business model

                Such a set of policies will be sufficient for further registration with the Lithuanian Supervisory Authority (FCIS / FNTT), but not enough for conducting business activities, incl. successful opening of accounts in payment institutions/Banks, involvement of a competent AML Officer, etc

            • Address of Registration for one year

                  Company address for one year

                  Physical mail receipt, scan and forwarding to the preferred email address

                  Organization and administration service

              • Individual AML/KYC Policy
                  • Step 1
                    The Client will be presented with a list of 30-40 questions (to identify risk appetites, the geography of the customers, nature of the business, etc.)
                  • Step 2
                    Integration of the answers into the main set of the documents (adaption of customer due diligence measures, implementations of sanctions, collecting and storing data, principles of verification, etc.)

                  *Adaptation of AML/KYC policies under the Clients business model takes from 15 to 20 hours of lawyer’s work

                  • allow assigning of proper AML Officer with relevant experience and education with further convenient integration of AML Officer into the company structure
                  • increase company sustainability in the long run
                  • increase the probability of opening an operating account within Bank/EMI
                  • decrease multiple questions to the company during the course of operating activity arising by the Finančná spravodajská jednotka (FIU)
              • Handling the communication with Finančná spravodajská jednotka (FIU)

                    Gofaizen & Sherle regular assistance in answering queries; questionnaires and targeted requests from FIU and other regulatory bodies

                    Up to 1 hour per month

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              • Full

                Full set up of the VASP business with all the necessary infrastructure, connection to KYC providers, local substance and Accounting services

                € 13000

                Initial set up

                € 1595 /month

                Maintenance per month

                • Full Turnkey Company Formation
                    • Step 1
                      Assistance in opening start-up account for the formation of the authorized capital of 5000 EUR
                    • Step 2
                      Drafting Articles of Association and other supplementing documents in accordance with the Client's company corporate structure
                    • Step 3
                      Arrangement of the deal at the notary (notary fees included)
                    • Step 4
                      Processing and transfer of the documents to the commercial registry with the further entry within the registry (governmental fees included)
                • Registering as VASP within the Regulator

                      Submission of application and registration within Finančná spravodajská jednotka (FIU)

                      Negotiation with the regulator and full support during the entire process until the registration is accomplished

                      State Duties are included

                  • Templated draft of AML/KYC Policy

                        Transferring templated drafts of AML/KYC policies to the Client

                        Templated drafts of AML/KYC policies are adapted under the Lithuanian AML legislation based, but not found in accordance with Client's business model

                        Such a set of policies will be sufficient for further registration with the Lithuanian Supervisory Authority (FCIS / FNTT), but not enough for conducting business activities, incl. successful opening of accounts in payment institutions/Banks, involvement of a competent AML Officer, etc

                    • Address of Registration for one year

                          Company address for one year

                          Physical mail receipt, scan and forwarding to the preferred email address

                          Organization and administration service

                      • Individual AML/KYC Policy
                          • Step 1
                            The Client will be presented with a list of 30-40 questions (to identify risk appetites, the geography of the customers, nature of the business, etc.)
                          • Step 2
                            Integration of the answers into the main set of the documents (adaption of customer due diligence measures, implementations of sanctions, collecting and storing data, principles of verification, etc.)

                          *Adaptation of AML/KYC policies under the Clients business model takes from 15 to 20 hours of lawyer’s work

                          • allow assigning of proper AML Officer with relevant experience and education with further convenient integration of AML Officer into the company structure
                          • increase company sustainability in the long run
                          • increase the probability of opening an operating account within Bank/EMI
                          • decrease multiple questions to the company during the course of operating activity arising by the Finančná spravodajská jednotka (FIU)
                      • Handling the communication with Finančná spravodajská jednotka (FIU)

                            Gofaizen & Sherle regular assistance in answering queries; questionnaires and targeted requests from FIU and other regulatory bodies

                            Up to 1 hour per month

                        • Apostilled and Translated corporate documents
                            • Step 1
                              Ordering a set of corporate documents from the commercial registry (electronic form) in the Slovak language
                            • Step 2
                              Conducting sworn translation to the English language
                            • Step 3
                              Apostille
                            • Registry card
                            • Articles of Association

                            * Apostilled and translated corporate documents are necessary for further onboarding within Banks, liquidity providers and establishment of business relations with third parties

                        • Assistance in opening Business account for crypto operating activity
                            • Step 1
                              Analysis of the most suitable Banks/EMIs, comparison of the risk appetite of the Bank in relation to the risk appetite of the Client based on previously prepared AML policies
                            • Step 2
                              Collection of necessary documents from the Client side to initiate the process (flow of funds, source of wealth, description of the purpose of opening an account, key partners, company website, utility bill, etc.)
                            • Step 3
                              Initiation of the onboarding procedure simultaneously in 2-3 crypto friendly EMI's
                            • Step 4
                              Guiding the Client's company through the entire process of opening an account
                            • Step 5
                              Acquiring connection (if necessary)

                            Account characteristics:

                            1. Crypto friendly EMI registered in EEA/EU
                            2. B2B SWIFT
                            3. B2B SEPA
                            4. B2C SWIFT
                            5. B2C SEPA
                            6. Multicurrency account USD/EUR/GBP
                            7. Individual IBAN number
                            8. *One-time fee for onboarding within EMI varies between 500-2000 EUR (not included into the package) and have to be paid by the applicant separately
                            9. *Inbound fiat transaction fees (SEPA/SWIFT) varies between 0.1%-0.2%
                            10. *Outbound fiat transaction fees (SEPA/SWIFT) varies between 0.1%-0.2%
                            11. *Gofaizen & Sherle can guarantee successful result of account opening within one of the EMI's in case all recommendation are followed by the Client. However, it cannot be guaranteed success within specific EMI, since the final decision is always taken by the compliance department of EMI

                            Factors that increase the likelihood of opening an account:

                            1. Presence of a physical office in the country of incorporation upon presentation of a lease agreement or utility bill during the onboarding procedure
                            2. Well-written business plan/description of business processes and financial projections
                            3. Description of cash flows
                            4. Adapted AML / KYC / CTF procedural rules for the business model, which confirm that the applicant maintain risks
                            5. Well-established infrastructure, in accordance with the type of high-risk activity (availability of a competent AML officer, employment contracts confirming the actual participation of AML officer in the project, KYT / KYC provider performing transaction scoring, etc.)
                            6. Preferably the presence of a director, a resident of the country of registration of the company
                        • Local Board Member/ AML Officer
                            • Step 1
                              Search for a candidate for the Board Member/AML officer position that meets regulatory requirements and the expectation of the project with subsequent approval by the Client of a candidate for the role
                            • Step 2
                              Integration and training based on the principles of the Client's operating activities
                            • Step 3
                              Providing and configuring access of AML officer to the electronic state environment for further reporting on suspicious and nonstandard transactions

                            Criteria for candidate:

                            1. Bachelor's or Master’s degree in Finance; Law or Business
                            2. Involvement in the Client's project - up to 5 hours per month, with subsequent greater occupation (if necessary)
                            3. Local resident and Slovak native speaker
                            4. Experience and/or regular trainings for the role of AML Officer
                        Order now
                      Fintech lawyers in Slovakia
                      Laura Puidokienė

                      Laura Puidokienė

                      Associate, Lawyer

                      Vladimiras Kokorevas

                      Vladimiras Kokorevas

                      Senior Associate, Lawyer

                      Process and timeline for obtaining a crypto license in Slovakia

                      Stage 1

                      Collecting documents from the client's side to initiate the process

                      Result
                      Process

                      • 1.Preliminary assessment of the project
                      • 2.Collecting KYC and business descriptions
                      • 3.Drafting Power of attorney

                      Stage 2

                      Registration of Limited Liability Company (S.R.O.) in Slovakia upon documents receipt on hands

                      clock3 weeks
                      Result
                      Process

                      • 1.Sworn translation of powers of attorney into Slovakian language
                      • 2.Conducting a transaction to establish a company through a notary
                      • 3.Entry of the provision in the commercial register

                      Stage 3

                      Pre-application works

                      clock3 weeks
                      Result
                      Process

                      • 1.Preparation of the AML/KYC polices adapted under the company type of crypto oriented activity
                      • 2.Local Director/AML officer candidate search and employment arrangement
                      • 3.Training course & Preparation of the candidate and adaptation of his skills to the activities of the company. Reporting guidance to the Slovakian Financial intelligence Unit (FIU)
                      • 4.Submitting the application and registration within FIU
                      • 5.Leading the Client and conducting negotiations with the regulator and full support during the entire process until the registration is accomplished

                      Stage 4

                      Corporate account opening B2B & C2B segregated (for crypto oriented activity) within Financial institution

                      clock2-3 weeks
                      Result
                      Process

                      • 1.Collection of corporate documents for opening an account (Registry card, AoA, MoA) - notarized, apostilled with sworn translation into English
                      • 2.Conducting preliminary negotiations and leading the Client through the entire process of the corporate account opening
                      Requirments
                      Advantages
                      Additional services
                      Firms doing business in the cryptocurrency industry must meet the following requirements:
                      A detailed business plan
                      5000 € - minimum authorized capital
                      Apostilled copies of documents of all owners, founders, employees
                      Owners and directors of the company must have an impeccable reputation and confirm this with an appropriate certificate
                      Document confirming the place of residence (registration from local authorities or utility bill)
                      Unique company name (three variants)
                      Corporate bank account
                      No citizenship requirements
                      No restrictions on the movement of capital and income;
                      No restriction on currency controls;
                      No restriction on the employment of foreign staff;
                      High reputation and stability of the political system;
                      Obtaining a certificate of tax residency;
                      Tax is 22%, but it can be reduced to 0.5% if an agent scheme is used and the accounting is done properly.
                      By ordering the service of registering a company and obtaining a license in our company, clients:
                      save time and budget
                      minimize to zero the risks and possibility of mistakes
                      keep confidentiality
                      can ask for advice at every stage of the process
                      get a guaranteed result
                      Requirments
                      Opportunities
                      Additional services
                      Firms doing business in the cryptocurrency industry must meet the following requirements:
                      A detailed business plan
                      5000 € - minimum authorized capital
                      Apostilled copies of documents of all owners, founders, employees
                      Owners and directors of the company must have an impeccable reputation and confirm this with an appropriate certificate
                      Document confirming the place of residence (registration from local authorities or utility bill)
                      Unique company name (three variants)
                      Corporate bank account
                      No citizenship requirements
                      No restrictions on the movement of capital and income;
                      No restriction on currency controls;
                      No restriction on the employment of foreign staff;
                      High reputation and stability of the political system;
                      Obtaining a certificate of tax residency;
                      Tax is 22%, but it can be reduced to 0.5% if an agent scheme is used and the accounting is done properly.
                      By ordering the service of registering a company and obtaining a license in our company, clients:
                      save time and budget
                      minimize to zero the risks and possibility of mistakes
                      keep confidentiality
                      can ask for advice at every stage of the process
                      get a guaranteed result
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                      TESTIMONIALS

                      • logo
                        quotes
                        Gofaizen & Sherle has successfully implemented all the tasks related to the settlement of legal part (company formation and VASP license application) of our exchange whitebit.com.
                        Vladimir Nosov
                        CEO
                        Whitebit
                      • logo
                        quotes
                        Payeer OÜ is grateful to Gofaizen & Sherle team for their professional personalized approach. We were presented with quick results and efficient replies. For us it was easy and pleasantly to work with the specialists of G&S and we hope for fruitful continuous cooperation.
                        Liubov S
                        CEO
                        Payeer OÜ
                      • logo
                        quotes
                        Working with Gofaizen & Sherle team was a real pleasure. Their high level of professionalism and expertise made our journey through the process of establishing and licensing of our company really easy and time efficient. G&S is a trusted partner for us in any topics related to FinTech business.
                        Edward Kost
                        CEO
                        VULTURE OÜ
                      • logo
                        quotes
                        We are very pleased with the proficiency, expertise and efficiency that the team of Gofaizen & Sherle showed while delivering our project. Their commitment and approach determine the high quality of services they provide. The competence of the legal advisors in the team of G&S made them a trusted long term partner for us.
                        Bar El
                        CEO
                        UAB GetCoins
                      • logo
                        quotes
                        Gofaizen & Sherle has proven itself as a reliable business partner and highly qualified legal advisor. Our cooperation with Gofaizen & Sherle on many projects has been professional and effective. Extensive expertise, meeting deadlines, being responsive and attentive to every issue distinguish the Gofaizen & Sherle team from other firms. We look forward to working with Gofaizen & Sherle again in the future.
                        Nikita Tepikin
                        Managing Partner
                        Legal Kornet
                      • logo
                        quotes
                        The Manimama OU team would like to thank Gofaizen & Sherle for their professionalism and the quality of the work. Gofaizen & Sherle team has provided us with clear and practical legal advice on various issues including creating of the VASPs in Baltic states and other legal advices. Gofaizen & Sherle's knowledge and expertise base are very deep and they understand the complexities and nuances of many really difficult cases. We strongly recommend their services
                        Ganna Voievodina
                        CEO
                        Manimama OÜ
                      • logo
                        quotes
                        At Pilsenga since the very beginning we counted with Gofaizen & Sherle to build our financial institution in 21 days, we started our operations in record time thanks to them, it’s been pleasant to work with them through the rush of building a Financial Institution in record time. They for real understand compliance and crypto businesses!
                        Victor Romero
                        CEO
                        UAB Pilsenga
                      • logo
                        quotes
                        Excellent service! The communication is fast and friendly, we are very satisfied with received comprehensive package of services such as legal consulting, full turnkey crypto company formation in Lithuania, assistance in bank account opening for ’’high risk” business, human resources acquisition etc. Highly recommended!
                        Roman Potemkin
                        Founder & CEO
                        TRASTRA
                      • logo
                        quotes
                        Gofaizen & Sherle are true professionals, everything related local incorporation, business management and financial licenses I know I can trust getting always 100% service, knowledge and value. Good prices and highly valuable service this what makes them as a solid partner.
                        Ben Richter
                        CEO
                        Ventures X
                      • logo
                        quotes
                        Great service and support, and very efficient communication with Maksim and the team. Our company has been successfully created with all the necessary licenses. Highly recommended.
                        Thomas Zelias
                        CEO
                        UAB TalentChain

                      Types of crypto assets in Slovakia

                      Cryptocurrency assets and tokens can be different and fall into the following categories:

                      money

                      Virtual assets (crypto token)

                      A virtual currency or cryptocurrency denomination token that is used as money, a payment method, or a currency exchange. It is a tradable asset or utility that is in its blockchain and enables the owner to use it for an investment or economic purpose.

                      wallet

                      Utility tokens

                      Service tokens are a virtual currency that is created for business on any platform. As a rule, a service token represents points received for executing company shares and interacting with game currency. It is worth remembering that it is not an investment, but a coin used more as a coupon for product development. Filecon is a prime example. The project received $257 million on sales of its tokens to give users access to the cloud.

                      money

                      Investment tokens (Security)

                      Investment tokens are common securities that conform to a common rule. Records of such securities are not stored in paper form but on a blockchain. Therefore, they are often referred to as digital securities. They were created to simplify the activities of investors and are, in fact, shares in a company. They indicate the right to own and offer the prospect of dividends.

                      money

                      Virtual assets (crypto token)

                      A virtual currency or cryptocurrency denomination token that is used as money, a payment method, or a currency exchange. It is a tradable asset or utility that is in its blockchain and enables the owner to use it for an investment or economic purpose.

                      wallet

                      Utility tokens

                      Service tokens are a virtual currency that is created for business on any platform. As a rule, a service token represents points received for executing company shares and interacting with game currency. It is worth remembering that it is not an investment, but a coin used more as a coupon for product development. Filecon is a prime example. The project received $257 million on sales of its tokens to give users access to the cloud.

                      money

                      Investment tokens (Security)

                      Investment tokens are common securities that conform to a common rule. Records of such securities are not stored in paper form but on a blockchain. Therefore, they are often referred to as digital securities. They were created to simplify the activities of investors and are, in fact, shares in a company. They indicate the right to own and offer the prospect of dividends.

                      Virtual Assets

                      Virtual currency represents an alternative payment form created using encryption algorithms. The use of encryption technology allows cryptocurrencies to function both as an independent currency and as a virtual accounting system.

                      No rights are usually associated with virtual assets, as they are only intended to be exchanged for officially recognized currencies, other virtual assets, or existing goods, or services.

                      Virtual currency is established as a financial asset for businesses dealing with cryptocurrency for commercial use in Slovakia. More precisely, in accounting, cryptocurrency is a short-term financial asset, unlike cash. Thus, the loss can't be carried forward to the next period. The assets will be valued at market prices at the time of the transaction.

                      In addition, the tax to be considered by businesses or individuals is a tax on the production of virtual currency. The resulting cryptocurrency will then be registered at market prices, should it be sold.

                      Investment tokens

                      Investment tokens can be called "securities tokens" because they are tied specifically to the supply of such and typically represent companies stocks or investments in technology companies growth. In various jurisdictions, they are regulated like traditional securities. They are designed to use stocks, bonds, certificates, or other investment assets.

                      An investment token is a financial asset that represents an investment or ownership of an asset, and may also provide holders with additional privileges, such as the right to vote.

                      When a user purchases a security token, he automatically becomes a key shareholder, in a situation where the value of the company depends directly on the investment. This process is different from crypto coins, where the price is directly related to demand and trust in the platform.

                      Many cryptocurrencies were not originally intended as investment instruments. Bitcoin was never designed as a security token, but at the same time, investors have noticed that they receive significant earnings when bitcoin is listed on the exchange.

                      Ethereum was developed to pay transaction fees on its network. Under these conditions, it is a cryptocurrency. But under conditions of trading on exchanges and its storage (because of dynamic financial growth) is considered Security.

                      This type of asset is regulated in federal law, and if it is not complied with, the entire operation can be terminated. But, if all established regulatory rules are followed, investment tokens offer the possibility of promising applications and earnings.

                      Utility tokens

                      Unlike virtual currency, which has the function of exchanging funds and has a clear value, Utility tokens are non-monetary assets and are similar to a ticket or coupon. Typically, utility tokens are associated with specific blockchain projects or ecosystems.

                      Types of service tokens:

                      • Interchangeable (can be equivalently exchanged for other tokens)
                      • Non-exchangeable (allows you to use a unique possession, such as a plot of land)

                      A platform that issues service tokens can provide a wide range of functions to the owner of the token. Some may provide access to certain services and products developed by the issuer. Others may provide holders with the ability to receive special services or preferential treatment, such as discounts when launching startup products. For example, these products may be software packages as a service platform, rewards, or additional benefits.

                      What is the difference between Utility tokens and Security tokens?

                      Service tokensSecurity tokens
                      Bound to a specific platformAre an investment
                      You can buy access to a service or productYou can buy a share of the company, shares

                      A service token can easily be confused with a security token, as it can also go up in value and be used as an investment. Securities, on the other hand, can provide bonuses and discounts from companies in addition to their basic functions.

                      The main difference: service tokens are primarily used for their intended purpose, while investments are a secondary use. Because they are an advertising tool and do not provide a share of ownership of the company, and therefore are not a direct investment. Service tokens allow you to invest, and the secondary use is their utility.

                      Two main types of cryptocurrency businesses in Slovakia

                      LLC (Limited Liability Company)Joint Stock Company
                      This is the most common type of company for registration in SlovakiaRegistration of an open joint stock company, if the number of shareholders exceeds 50 members. Shares in the company - registered, bearer securities are not used.
                      The minimum amount of the authorized capital must be 5000 EUR. The number of founders - at least 50 people, with a minimum contribution from each person not less than 750 EUR.The amount of the authorized capital from 25000 EUR. The entire contribution is divided into shares, which have a certain value.

                      Crypto taxes in Slovakia

                      In March 2018 Slovakia adopted laws on cryptocurrency. According to these laws, all profits derived from cryptocurrency transactions are subject to taxation. All cryptocurrency companies that operate for commercial purposes must take into account the need to pay crypto taxes in Slovakia

                      On the accounting side, cryptocurrency is designated as a short-term financial asset, which is different from fiat money. Therefore, you will not be able to carry losses to the next period when reporting. Moreover, Slovakia crypto license holders should keep in mind that crypto assets will be valued at the market price at the time of the transactions. Taxation will be applied in the form of the virtual currency mining tax, which is recorded at market value as soon as the sale occurs.

                      All profits that were earned from providing services for the sale or exchange of cryptocurrency in Slovakia are taxable. When filing a personal income tax return, earnings from cryptocurrencies must be reported under "other income".

                      Taxation depends on the amount of earnings:

                      Individuals pay 19% tax on earnings less than 38,000 €. If the amount of income exceeds the threshold, the tax increases to 25%. Legal entities are taxed at 15% if the income is less than 49.790 €. If the income exceeds this amount, the income tax is 21%.

                      It should be emphasized that companies involved in cryptocurrency activities in Slovakia can use various tax incentives.

                      For example, a 200% discount on R&D projects, if the cost of the project can be deducted twice from the tax base. This is due to the 70 international agreements that allow the elimination of double taxation. Slovakia provides an opportunity for residents to protect their profits from double taxation in different countries.

                      FAQ about Crypto license in Slovakia
                      Is cryptocurrency legal in Slovakia?
                      arrow
                      Cryptocurrency is a digital means of savings. Virtual currencies are not issued by the central bank and therefore are not considered legal tender. However, legal entities or individuals can use cryptocurrency as a payment instrument that can be transferred, stored, or sold.
                      Do you need a license for cryptocurrency trading in Slovakia?
                      arrow
                      For legal activities, every company engaged in the exchange, storage, and sale of virtual currency must obtain a license.
                      Is cryptocurrency taxed in Slovakia?
                      arrow
                      All businesses that are associated with cryptocurrency are required to register with the tax office. You can choose a yearly period from the date of company registration or coinciding with the standard tax year. This type of profit should be noted in the column "other income".

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