Crypto Companies

Cryptocurrency License

A new type of service provided by the Central Reserve Authority of Western Sahara, SADR is a license for virtual currency activities including the followings:

Crypto currency exchange operator
a company or an affiliate of another company exchanging cryptocurrency owned by the client for the commission fee.

Crypto currency depository wallet operator
a company or an affiliate of another company managing client cryptocurrency depository wallets.

Cryptocurrency is…

…a form of digital asset based on a network that is distributed across a large number of computers. This decentralized structure allows them to exist outside the control of governments and central authorities.

The first blockchain-based cryptocurrency was Bitcoin, which still remains the most popular and most valuable. Today, there are thousands of alternate cryptocurrencies with various functions and specifications. Some of these are clones or forks of Bitcoin, while others are new currencies that were built from scratch.

Important Documents

The Crypto Company Act 2020
Companies Act 2018
Opening an account with us
WSADR Conditions
Application Form

Requirements For the Crypto License of Western Sahara, SADR

  • Name and contact details of the person responsible for the offer.

  • Application form including contact details of the business owner (phone number, e-mail and mailing address);

  • Company owner’s CV;

  • Address of the provision of services and website/web page address.

  • Name, personal code (if not available – date of birth), place of birth and residence address of the real beneficiary of the company.

  • Procedural rules and internal control regulations developed according to the Money Laundering and Terrorist Financing Prevention Act.

  • It is required for the business owner, the Board member, the real beneficiary or the proprietor to submit a statement from the penalty register in one’s country of origin or an equivalent document issued by a judicial or administrative authority confirming the absence of penalties for crimes committed against government authorities, money laundering crimes or another deliberate crimes no earlier than three months ago and certified by a notary or in another similar way and legalized or approved by the certificate replacing legalization (Apostille), unless otherwise provided by an international treaty.

In order to apply for a license please contact Western Sahara Management and Advisory Corporation – the only certified agent of the Central Reserve Authority of Western Sahara, SADR.

Get started with a financial license in
Sahrawi Arab Democratic Republic!

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