Legal Due Diligence · glossary
A regulator's permission to carry on an activity the law otherwise forbids. Solaris's authorisation from the Central Bank of Ireland lets it hold and settle crypto-assets for customers, so the licence is what Atlas is paying for. The review checks that it covers everything the group does. Report §5.3 · Chapter 8
Explained in Chapter 8, Regulatory, Compliance and AML, of Legal Due Diligence.
The main page for this term is Authorisation, in Crypto-Asset Regulation.
Atlas is not paying €42 million for the offices, which are rented, or for the computers. Customers use Solaris because it may lawfully hold their crypto-assets and settle their trades. It may do that only because it holds an authorisation: a regulator's permission to carry on an activity the law otherwise forbids. Without it, Solaris is a technology company that may not sell its only product.Read Chapter 8, Regulatory, Compliance and AML →
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