Why do companies need Crypto license?

[Offoffshore]

Seychelles didn't have crypto license before and many companies registered their crypto business there.

The logic seems to be, it's easier to do crypto business in a jurisdiction without license? Just move to a jurisdiction without license.

I'd appreciate if anyone can enlighten me on this further.

 

[Sols]

Several reasons but mainly because licensing is a good revenue source for governments and licensing is increasingly an international regulatory expectation.

 

[AlicaFunk]

But I guess it won’t be long before there are hardly any countries or "safe havens" left where you don’t need a license, exactly because it’s an easy extra income for small states! Do you know how much a license costs in Seychelles and how hard it is to get one?