Restricted business activities

  • Cryptocurrencies, crypto assets:Any type of crypto-related activities, businesses or transactions, unless the platform is both licensed and regulated.
  • Betting, gaming, e-casinos, lotteries, skill games and assimilated:Any type of activities, businesses or transactions, even when the winnings have no immediate or obvious monetary value. Those companies must have an appropriate license and effective supervision by a local regulator and meet national AML/CTF laws in accordance with applicable UK law and EU Directives.
  • Financial services:Any type of financial services including deposit on accounts, e-money, payment services – these types of activities/ services must be regulated with applicable licensing and approval requirements. Those entities must have effective supervision by a local regulator and meet national AML/CTF laws in accordance with applicable EU Directives and UK law.
  • Money transfer and money remittance:Any type of money transfer and/or money remittance services (MSBs), with an appropriate license or regulated as a Payment Services Provider.
  • Forex:These types of activities/ services must be regulated with applicable licensing and approval requirements. Those entities must have effective supervision by a local regulator and meet national AML/CTF laws in accordance with applicable EU Directives and UK law.
  • Auctions:Auctions may be accepted under specific circumstances, including the holding of a valid license/registration in the jurisdiction of establishment, acceptability of types of goods sold and the target market of investors/bidders.
  • Precious goods:a) Metals, stones, or other precious materials including raw materials and natural resources (oil, natural gas, etc.), wholesale, trading, transportation thereof;b) Includes any marketplace, trading platform, trade financing activities, transport, etc. Excludes retail sales (e.g. gas stations);c) High value goods, including arts, antiquities, watches, jewelleries; Only luxury items professional sellers issuing certificates and licenses.
  • Pharmaceutical goods and services:Online sale/trading of pharmaceutical goods, with or without prescriptions unless the seller is appropriately licensed and goods are authorised in the country of establishment of the buyers and sellers.
  • Parapharmaceutical, dietary goods, fitness integrators not qualifying as pharmaceutical goods:Online sale, trading of goods not subject to prescriptions unless legally acceptable in the country of establishment of the platform and of the countries of establishment of buyers and sellers.
  • Travel agencies, online travel bookings, travel facilitators, carriers:
  • Games competitions and tournaments where competitors may obtain winnings or other advantages if these have no immediate or obvious monetary value:Any form of games, competitions, or tournaments in which participants stand to gain rewards or advantages that are not directly convertible to cash or financial benefits.
  • Automotive parts and services:Industries dealing with automotive parts, services and accessories except sale of second-hand vehicles.
  • Used cars dealerships:Sale of second-hand vehicles.
  • Non-financial sector and products - legal entities and arrangements, service providers:Trusts and similar arrangements, Lawyers and notary services, advisory services, management of structures, sale of real-estate or real-estate agents.
  • Public administration and defence; compulsory social security:Activities of a governmental nature, normally carried out by the public administration.

Prohibited business activities

  • Adult and sexually oriented
  • Activities that may be illegal, or subject to specific regulations or licenses
  • Energy Extraction
  • Crowdfunding
  • Trade in wildlife or wildlife products regulated under Convention on International Trade in Endangered Species (CITES)
  • Trading of Animal Fur, Bones and Ivory
  • Production or trade in radioactive materials
  • Commercial logging operations or purchase of logging equipment for use in primary tropical moist forest
  • Production or trade in pesticides/herbicides subject to international phase outs or bans
  • Commercial logging operations or purchase of logging equipment for use in primary tropical moist forest
  • Drift net fishing in the marine environment using nets in excess of 2.5km. in length
  • Production or activities involving harmful or exploitative forms of forced labour/harmful child labour
  • Production or trade in ozone depleting substances subject to international phase out
  • Production or trade in wood or other forestry products from unmanaged forests
  • Production, trade, storage, or transport of significant volumes of hazardous chemicals, or commercial scale usage of hazardous chemicals
  • Diamond trading without Kimberley Certification
  • Trading of Fireworks, explosives and Nuclear Weapons
  • Human Body Parts and Pathogens
  • Business with no license, where it is required by the law
  • Political groups
  • Unregistered charities
  • MLM/pyramid schemes
  • Medical marijuana/ cannabis (if over 0,2% THC)
  • Binary options trading & financial products in jurisdictions that do not have or require regulation/licensing
  • Production or trade in radioactive materials
  • Production, trade, storage, or transport of significant volumes of hazardous chemicals, or commercial scale usage of hazardous chemicals
  • Trading/production of Fireworks, explosives and Weapons or any other military related products
  • Drop-shipping distribution models/cash on delivery (business models in which the seller accepts and processes customer orders, but does not hold the stock themselves)
  • Electronic and surveillance equipment or software (Illegal telecommunications equipment, jamming equipment, spy software or equipment; Traffic devices
  • Unlicensed or illegal lotteries, gaming, or gambling services (including without limitation the use of or participation in illegal gambling houses)
  • Pawnbrokers