Consulting on crypto and fiat payments for businesses
Consulting on crypto and fiat payments for international businesses
Is your bank refusing to open an account because of cryptocurrency? Is your PSP blocking your transactions after the first few? Are you unsure how to legally combine crypto and fiat in one structure?
Jurisprudential builds a legal architecture for crypto and fiat payments, taking into account MiCA, AML, CRS, and the company's tax model.
What is included in the work:
- VASP structure and risk analysis
- Selecting banks and EMIs willing to work with crypto
- Setting up fiat channels (SEPA, SWIFT, merchant account)
- preparation of AML and KYC documentation
- building a transparent turnover for regulators
Consultation cost from 250 euros
Why crypto and fiat payment consultations have become essential
With the entry into force of the MiCA regulation in the EU, cryptocurrency transactions are no longer a gray area. Any company accepting digital assets or operating as a VASP is subject to AMLD requirements, KYC procedures, funds origin verification, and transaction monitoring.
Fiat banks have stepped up their checks. Even IT companies that accept payments in USDT or BTC are considered high-risk.
Without a properly constructed structure the following is possible:
1. refusal to open an account
2. sudden freezing of funds
3. Termination of the contract with PSP
4. Request for confirmation of source of funds
5. Problems with tax residency
Basic elements of the legal model
Separation of functions
A common mistake is combining crypto and fiat transactions in a single company without regulatory guidance.
The optimal structure includes:
1. operating company
2. settlement company
3. if necessary, a licensed VASP structure
4. transparent chain of movement of funds
This approach reduces AML risk and increases the chances of bank approval.
MiCA and VASP Compliance
If business:
1. stores clients' funds
2. Conducts crypto-to-fiat exchanges
3. issues tokens
4. Manages custodial wallets
MiCA introduces strict rules for crypto asset service providers. Banks analyze not only the license but also the actual business model.
We check:
1. the need for a license
2. compliance with internal AML policy
3. KYC procedure
4. transaction monitoring system
Connecting fiat channels
Crypto doesn't work without fiat.
It is necessary:
1. open a bank account or EMI
2. Connect SEPA
3. Set up SWIFT
4. Integrate a merchant account
5. Ensure a correct accounting model taking into account the corporate tax IS and IRPF for beneficiaries
Banks evaluate:
1. source of crypto assets
2. transparency of exchange transactions
3. connection between wallets and the company
4. Availability of due diligence of clients
Typical risks when working with crypto and fiat
- Using personal wallets for business transactions.
- Lack of description of the origin of tokens.
- Opaque connection between exchange and company.
- Discrepancy between actual activity and declared activity.
- Lack of AML policy and internal control.
Even a legal business can be blocked if its structure is not adapted to compliance requirements.
How does a Jurisprudential consultation work?
Analysis of the current model
We study:
1. group structure
2. movement of funds
3. jurisdictions
4. tax residency
5. type of digital assets
We determine the level of AML risk and the likelihood of bank approval.
Architecture development
We form:
1. legal model
2. tax strategy
3. distribution of functions
4. Description of business processes for the bank
5. KYC documents package
If necessary, prepare for VASP licensing.
Selection of financial partners
We don't offer one-size-fits-all solutions. The choice depends on
turnover
1. client jurisdictions
2. token type
3. monetization models
4. high risk status
The goal is to ensure sustainability, not just a temporary account opening.
Сonclusion
Working with crypto is a matter of proper structure. Banks and regulators expect transparency, oversight, and a documented model.
Jurisprudential is building a system in which crypto and fiat operate under a unified legal framework without blockages or compliance conflicts.