With a Qonto account, buying and selling crypto-assets (such as bitcoin or ethereum) is possible but regulated. Indeed, we do not accept all transactions.

However, if your activity concerns this type of product, you can be a Qonto customer under the conditions below.

Which transactions are accepted?

As a Qonto customer, it is possible for you to invest part of your cash in crypto-assets.

✌️ There are only two conditions that must be respected:

  1. Transaction volumes are limited and consistent with the nature of your business;

  2. You can justify the origin of the funds invested and the purpose of the transactions - Qonto may ask you for supporting documents (e.g. transaction statements, invoices, wallet history, ...) and additional explanations.

We would like to draw your attention to the following points:

  • The potentially volatile and risky nature of investments in crypto-assets, particularly for clients who are not sufficiently informed;

  • The location of the actors with whom you intend to operate, who must be domiciled in the United States, Germany, Italy, Spain, the United Kingdom or France;

  • The status of the counterparts, which may be subject to authorisation or registration. For example, actors in France must register as digital asset service providers (PSAN) with the Autorité des marchés financiers (AMF) when they provide services of:

    • Custody of crypto-assets or access to crypto-assets ;

    • Purchase/sale of crypto-assets against legal tender;

    • Exchanging crypto-assets for other crypto-assets; and

    • Operating a crypto-asset trading platform.

⚠️ In respect of our risk policy, Qonto reserves the right to block transactions to providers representing high compliance risk. This is particularly the case for actors on the blacklist maintained by the AMF in case of warning and/or impersonation of a regulated provider.

Thus, in view of the above, Qonto may also be forced to terminate the business relationship within 30 days, if we consider that the flows are too large, the origin of the funds or the purpose of the transactions are uncertain, or the use of your account is non-compliant.

Can I open a Qonto account when my main business is in crypto-assets?

If your main activity involves crypto-assets, and in particular if its corporate purpose is:

  • Keeping or accessing crypto-assets;

  • The purchase/sale of crypto-assets for legal tender;

  • The exchange of crypto-assets for other crypto-assets;

  • Operating a crypto-asset trading platform.

then you can open an account with Qonto for your corporate expenses (e.g. salary payments, bill payments, etc.)!

⚠️ On the other hand, you cannot use your Qonto account to collect funds on behalf of third parties for activities related to your clients buying/selling crypto-assets, and/or operating a platform.

For the actors concerned, you must be registered or licensed to carry out your activities under local law (e.g. registration of PSAN with the AMF).

Finally, two important clarifications:

  • Clients whose main activity is to provide investment advice on crypto-assets or blockchain can also open an account with Qonto provided they are registered with the ORIAS.

  • Not all activities related to digital assets are allowed (mining, NFT, metaverse...).
    Qonto will proceed to a case-by-case analysis.
    An additional analysis will be conducted by our compliance team resulting in an extended delay (over 24h) for the processing of these registrations.

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