Non-Custodial Wallet
For your Shuraa activity review, use code 621242ANC to identify Non-Custodial Wallet within ANCFZ Free Zone. Compare the supplied record with the work your company intends to undertake.
Activity code 621242ANC
Listed activity name: Non-Custodial Wallet
- Activity code
- 621242ANC
- Jurisdiction
- ANCFZ Free Zone
- Licence type
- Blockchain Ecosystem for AI, Crypto, & Open Networks
- Group code
- AM-1929
Activity description
A non-custodial wallet is a type of digital wallet where users have complete control over their private keys and assets. The non-custodial wallet solution license is a white label solution for “non-custodial wallet” only, where the non-custodial wallet can connect with the exchange with APIs. However, the non-custodial wallet should not provide any regulated services, including brokerage, platform operator, custody, exchange, management etc. Role should be limited to providing only non-custodial wallets which can be integrated into various regulated platforms. Wallets should have adequate security features and should be non-custodial in nature. Privacy token, algorithmic tokens and private chains should be excluded. The entity will not handle on & off ramping of Fiat
Additional requirements
No additional requirements are supplied in this record. This does not mean that no approvals are required; check the requirements for your application.
Authority reference: ANCFZ business activities. Confirm the latest scope and requirements with the authority.
Scope checks for your Shuraa consultation
- Write down the exact work your business will carry out and compare it with the supplied description above.
- Identify any parts of your operation that the description does not clearly address.
- Keep any approval notes with this activity code and ask which requirements apply before submitting an application.
Plan your next step with Shuraa
Bring this activity code to your Shuraa consultation to discuss the intended scope of work, jurisdiction choice and application requirements.
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