You don't need to own a license in order to broadcast your stream online Unlike terrestrial radio. However, if your station is going to be playing commercial music, as opposed to a talk radio station, you may need to obtain a license in order to fully protect yourself and ensure you are not infringing on someone's copyright.
Alternatively, if you plan on broadcasting royalty free music or talk radio then you are free to stream it from your station. If you want to play the latest hits, like Top 40, then you will need to look into licensing options.
With ifastek.net, you can use geo protection to easily block or allow listeners from any country. It is a really handy tool if you need to restrict listeners from accessing your station based on your licensing requirements.

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