Cryptocurrency license in Estonia
Among other European countries, Estonia has created the most favorable conditions for the development of blockchain technologies, thanks to which cryptocurrency exchanges have received almost official legalization here.
In essence, cryptocurrency in Estonia is as popular and accessible a currency as traditional fiat money. This country has a stable economy with progressive approaches to new opportunities.
At the same time, government duties are recognized as one of the lowest in Europe. These and a number of other reasons make the procedure for obtaining cryptocurrency license of Estonia accessible.
At the E-COMMERCE BROKER Company, specialists understand all the intricacies of obtaining licenses for cryptocurrency in Estonia. We provide comprehensive assistance to everyone who wants to register a crypto exchange in the territory of this state. Experts work strictly within the framework of the law, observing the current norms and rules for organizing blockchain services.
Our company is a partner of various reliable banks and payment systems throughout Europe, including in Estonia, in which we open accounts for transactions with cryptocurrency.
Why is it profitable to run a crypto business in Estonia?
- The network of ATMs and points where crypto money is exchanged is well developed.
- Until the blockchain business begins to generate income, cryptocurrency commercial activities are not subject to taxes.
- The Internet in the country is characterized by high speed.
- Entrepreneurs from the blockchain industry can obtain the status of a resident of the country in a simplified form.
- Terms of registration licenses for cryptocurrencies compressed.
Types of licenses for cryptocurrencies in Estonia
For startups in the field of blockchain technologies in Estonia, two types of licenses were previously provided: one was obtained for the services of exchanging electronic money for fiat money, the second was for a crypto wallet service provider.
Today, after changes made to Estonian legislation in 2020, it is required to obtain a single license, which combines both previous documents.
A provider's license to provide services related to crypto assets (virtual currency service provider license) is a document that is considered a kind of official permission that allows you to legally operate cryptocurrency business.
At the state level, responsibility for issuing licenses for cryptocurrency in Estonia lies with the National Financial Intelligence Unit (RAB). All activities in the blockchain industry must comply with the Anti-Money Laundering and Anti-Terrorism Financing (AML) Act.
A legal entity that has received a license will be recognized as a financial institution, the main feature of which is the absence of tax reporting requirements for it.
Cryptolicense of Estonia from the Company “E-COMMERCE BROKER”
Get a cryptocurrency license in Estonia You can quickly and legally if you contact our company. Trusted specialists with extensive experience and up-to-date knowledge of the regulatory and legislative framework comply with all the rules and regulations of the chosen jurisdiction when working in the field of blockchain technologies.
For the rapid development of your business and guaranteed success, we offer you cryptocurrency exchange license in Estonia on favorable terms.
The cost of the service depends on the list of proposed works, so for advice and more detailed information, please contact the specialists of the E-COMMERCE BROKER company.
