News and articles

We publish reviews of the most important events in the field of business, corporate law, and accounting.

We pay special attention to innovative financial solutions, blockchain technologies, and cryptocurrencies in particular.


VASP – Virtual Asset Service Provider

The term VASP or Virtual Asset Service Provider was introduced in 2019 by the intergovernmental organization FATF (Financial Action Task Force) as part of the publication of recommendations on a risk-based approach in the field of cryptocurrencies and virtual assets to denote providers of crypto-oriented services.

CASP — Crypto-Asset Service Provider

The term CASP was first introduced in 2020 as part of the publication of the draft regulation 2019/1937 Markets in Crypto-assets (MiCa), the goal of which is to create a unified legal framework for regulating the cryptocurrency and virtual asset industry within the European Union. Before this, the term VASP or Virtual Asset Service Provider was mainly used to designate crypto companies. It was introduced as part of the Financial Action Task Force (FATF) recommendations and guidelines a few years earlier.

Is TIN used in Estonia?

TIN (Tax Identification Number) is the identification number of a taxpayer used by tax authorities for identification of taxpayers and controlling their tax liabilities. TIN may be provided to both nature persons and legal entities, and its structure and format may vary, depending on the country.

EORI number in Estonia

The EORI (Economic Operators Registration and Identification) number is a unique identification number provided to companies and individuals (economic operators) involved in the activities related to export or import of goods from or to the territory of the European Union. The EORI number is used for identification of economic operators and makes the data exchange between enterprises and customs authorities easier.


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