> ## Knowledge Base Index
> Fetch the complete knowledge base index at: https://help.companio.co/sitemap.xml
> Use this file to discover available pages before exploring further.
> Pure-Markdown content can be obtained by appending a '.md' suffix to the content URLs listed in the sitemap (without the trailing slash).

# Cryptocurrency Business Licenses: When Are They Required?

Your company needs licenses in these cases:

* If you **offer services to exchange crypto-currencies to third parties**, that is, you offer a service that allows your users to exchange euros, dollars, etc. for bitcoin, Ethereum, or any other cryptocurrency, or between crypto-currencies.
* If you **manage the finances of users or clients in cryptocurrencies**, that is, you manage the wallets of users or clients, which contain cryptocurrencies.
* If **you have or are preparing your own token with economic value (security) / or are preparing an ICO/IPO or similar**.
* If you want to launch an **exchange or wallet service that holds or manages tokens or cryptocurrencies on behalf of your clients**.

A license may also be required in case you do any of the following activities:
* NFT-related activities
* Cryptocurrency mining operations

In any of these situations, you may require a license, and if you do, **we are not able to serve your company**. We recommend that you consult a legal firm to clearly understand if your business requires a license. Otherwise, operating without a license may lead to fines or other legal actions from the authorities.