Our company specializes in acquisition of state licenses and developing internal regulations, monitoring and inspection methods and AML / KYC algorithms for companies, focused on working with cryptocurrencies and blockchain system.Companies that obtained cryptocurrency and virtual currency license are entitled to provide services for exchanging, circulating, transferring and storing virtual currency and cryptocurrency to their customers in local offices and worldwide using digital channels for transferring information, currency and virtual currency. Send enquiry
OBTAINING A CRYPTOCURRENCY LICENSE
On November 27, 2017, the new Anti-Money Laundering and Combating the Financing of Terrorism Act based on the Directive of the European Parliament and Council No. 2015/849 became effective in Estonia. This Act permits to provide services related to cryptocurrency and virtual valuesonly for companies that have special licenses of the following types:
- Provider of a service of exchanging a virtual currency against a fiat currency
- Providers of a virtual currency wallet service
According to this Act, virtual currency is a digital asset that can be traded, stored or transferred and can be used by individuals or companies for payments, but is not a legal currency of any state of the world. Virtual currency wallet is a service oriented to creating or storing encrypted keys that may be used for storing, managing or transferring virtual currency.
Our experience and competence allows making your business to comply with the laws of Estonia and EU as soon as possible. Our lawyers will provide you with comprehensive support and legal support on issues related to obtaining a cryptocurrency license for a company in Estonia to provide services for the exchange, circulation, transfer and storage of virtual currency and cryptocurrency.
We have deep knowledge of Estonian and European legislation and are happy to share with you our unique experience in obtaining licenses for cryptoexchange offices, cryptocurrency exchanges and ICO projects.