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A DLT Firm must maintain effective corporate governance arrangements.
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A DLT Firm must maintain effective corporate governance arrangements.
However, hybrid tokens which have a basic economic function that is both virtual currency and something else will be caught. It is important to note that specific requirements, procedures, and fees may change over time. Once the fees are paid and a full application is submitted, applicants are invited to deliver a presentation to the GFSC. The process typically takes around months. Such a company must submit annual financial statements and when its annual sales exceed , GBP ca.
