Jurisdictions
Choosing where to be regulated is a long-term decision.
A register of 39 jurisdictions and regulatory markets relevant to gaming, payments, crypto-asset and investment businesses: who regulates what, and which licensing routes apply. Filter by region and sector to see where each regime fits.

39 jurisdictions shown
Europe18
- EUEU / MiCAAuthorities: National competent authorities · EBA · ESMALicensing routes: Payment and e-money institutions · Crypto-asset service providers (MiCA) · Asset-referenced and e-money token issuers (MiCA) · Investment firms (MiFID II)
- CYCyprusAuthorities: CySEC · Central Bank of Cyprus · National Betting AuthorityLicensing routes: Cyprus Investment Firm (CIF) · MiCA CASP authorisation · Payment / e-money institution · Online betting licence
- CZCzech RepublicAuthorities: ČNB · Ministry of Finance · FAÚLicensing routes: Online gambling licence · Payment / e-money institution · Investment firm · MiCA CASP authorisation
- EEEstoniaAuthorities: Finantsinspektsioon · Estonian Tax and Customs Board · Financial Intelligence UnitLicensing routes: MiCA CASP authorisation · Payment / e-money institution · Remote gambling licence
- FIFinlandAuthorities: FIN-FSALicensing routes: Online gambling licence · Payment / e-money institution · Investment firm · MiCA CASP authorisation
- DEGermanyAuthorities: BaFin · GGL · FIULicensing routes: Online sports betting, virtual slots and online poker · Payment / e-money institution · Investment firm · MiCA CASP authorisation
- ITItalyAuthorities: ADM · Banca d'Italia · CONSOBLicensing routes: Online gaming concession · Payment / e-money institution · Investment firm · MiCA CASP authorisation
- LVLatviaAuthorities: Latvijas Banka · IAUI · Financial Intelligence Unit of LatviaLicensing routes: Interactive gambling licence · Payment / e-money institution · Investment firm · MiCA CASP authorisation
- LILiechtensteinAuthorities: FMA · FIULicensing routes: TT service provider registration (TVTG) · Payment / e-money institution · Investment firm and asset management
- LTLithuaniaAuthorities: Bank of Lithuania · FCISLicensing routes: Electronic money institution · Payment institution · MiCA CASP authorisation
- MTMaltaAuthorities: MGA · MFSA · FIAULicensing routes: B2C gaming licence · B2B gaming licence · Financial institution licence · MiCA CASP authorisation · Investment services licence
- PLPolandAuthorities: KNF · Minister of Finance · GIIFLicensing routes: Online betting licence · Payment / e-money institution · Investment firm · Crypto-asset services (MiCA)
- PTPortugalAuthorities: SRIJ · Banco de Portugal · CMVMLicensing routes: Online gambling and betting licences · Payment / e-money institution · Investment firm · Crypto-asset services (MiCA)
- RORomaniaAuthorities: ONJN · BNR · ASFLicensing routes: Class I licence · Class II licence · Payment / e-money institution · Investment firm
- ESSpainAuthorities: DGOJ · Banco de España · CNMVLicensing routes: General and singular gambling licences · Payment / e-money institution · Investment firm · MiCA CASP authorisation
- CHSwitzerlandAuthorities: FINMA · ESBK · GespaLicensing routes: Fintech licence · Securities firm licence · DLT trading facility licence · SRO affiliation
- UAUkraineAuthorities: NBU · NSSMC · State Financial Monitoring ServiceLicensing routes: Online gambling licences · Payment / e-money institution · Securities market licences
- GBUnited KingdomAuthorities: Gambling Commission · FCALicensing routes: Remote operating licence · EMI / authorised payment institution · Investment firm authorisation · Cryptoasset registration
Asia & Middle East4
- AEDubai / VARAAuthorities: VARA · DFSALicensing routes: VASP licence (activity-based) · Virtual asset issuance
- HKHong KongAuthorities: SFC · HKMA · Customs and Excise DepartmentLicensing routes: SFC licences for regulated activities · Virtual asset trading platform licence · Stored value facility licence · Stablecoin issuer licence · Money service operator licence
- SGSingaporeAuthorities: MAS · GRALicensing routes: Standard / major payment institution licence · Digital payment token services · Capital markets services licence
- AEUnited Arab EmiratesAuthorities: VARA · FSRA · DFSALicensing routes: VARA licence · ADGM / DIFC authorisation · Payment / SVF licensing
Americas & Caribbean11
- VGBritish Virgin IslandsAuthorities: FSC · FIALicensing routes: Investment business licence (SIBA) · VASP registration · Money services business licence
- CACanadaAuthorities: FINTRAC · Provincial securities regulators · AGCO / iGaming OntarioLicensing routes: MSB / FMSB registration · Crypto trading platform registration · Ontario igaming registration
- CRCosta RicaAuthorities: SUGEF · SUGEVALLicensing routes: Framework overview
- CWCuraçaoAuthorities: CGA · CBCSLicensing routes: B2C licence · B2B licence
- SVEl SalvadorAuthorities: CNAD · BCR · SSFLicensing routes: Digital asset service provider registration · Digital asset issuance · Bitcoin service provider registration
- CAKahnawakeAuthorities: KGCLicensing routes: Interactive gaming authorisation
- KNNevisAuthorities: FSRCLicensing routes: Framework overview
- LCSaint LuciaAuthorities: FSRA · ECCBLicensing routes: Virtual asset business registration
- VCSaint Vincent and the GrenadinesAuthorities: FSA · ECCBLicensing routes: Virtual asset business registration
- CATobiqueAuthorities: Tobique Gaming CommissionLicensing routes: Interactive gaming licence
- USUnited StatesAuthorities: FinCEN · State financial regulators · SECLicensing routes: MSB registration and money transmitter licences · New York virtual currency licence · Broker-dealer and investment adviser registration · Retail forex dealer registration · State gaming licences
Africa & Indian Ocean6
- KMAnjouanAuthorities: Anjouan Offshore Finance AuthorityLicensing routes: Online gaming licence
- MUMauritiusAuthorities: FSC · Bank of MauritiusLicensing routes: Investment dealer licence · VASP licence
- KMMohéliAuthorities: MISALicensing routes: Framework overview
- NGNigeriaAuthorities: CBN · SEC · State gaming authoritiesLicensing routes: Payment service licences · Digital asset registration · Capital market operator registration · State gaming licences
- SCSeychellesAuthorities: FSALicensing routes: Securities dealer licence · VASP licence
- ZASouth AfricaAuthorities: FSCA · Prudential Authority · National Gambling Board and provincial gambling boardsLicensing routes: FSP licence (FAIS) · ODP authorisation · Provincial betting licences
Overviews are general information and summarise frameworks at a high level. Regulatory requirements change and depend on the specific activity; they should not be relied on without advice on your circumstances.
Across jurisdictions
Services we support across jurisdictions
Licensing routes differ from one jurisdiction to the next. These cross-jurisdiction capabilities are supported across the register and described once on their own pages; how each is delivered depends on the requirements that apply in each jurisdiction.
- Privacy & Data ProtectionPrivacy compliance and GDPR programmes, notices and DPAs, DPIAs, data mapping and ROPA, transfers, audits and breach response.
- AML & Financial Crime ComplianceAML/CFT programmes, MLRO-as-a-Service, independent AML/CFT audits, risk assessments, monitoring, sanctions and inspection support.
- IP Registration & ProtectionTrademark and patent registration and protection, copyright protection, domain name disputes, portfolio support and IP agreements.
- Legal OpinionsRegulatory, business model, perimeter, payment, gaming, crypto-asset and cross-border opinions for banks, partners and investors.
- Bank Account OpeningSupport with corporate and operational accounts at banks and EMIs, prepared for how their compliance teams assess high-risk businesses.
- Merchant Account / Acquiring SetupSupport with merchant account applications and acquiring setup at acquirers and PSPs, including for high-risk merchant categories.
Method
How we compare jurisdictions
- 1.
Market access
Which customers and markets the licence actually allows you to serve — and which it does not.
- 2.
Banking acceptance
How banks, EMIs and payment providers view entities licensed in the jurisdiction.
- 3.
Substance
Local directors, staff, office and decision-making the regulator expects to see.
- 4.
Capital and cost
Initial and ongoing capital, licence fees, local operating costs and tax treatment.
- 5.
Timeline
Realistic time from preparation to authorisation, and what typically extends it.
- 6.
Reputation
How counterparties, investors and other regulators regard the jurisdiction today.
Not sure which jurisdiction fits your model?
We compare candidate jurisdictions against your product, target markets, banking needs and budget — and recommend a route.
