The introduction of cryptocurrencies into business should be based on license guarantees in order to prevent risks. Reliable grounds will allow you to exchange cryptocurrency and legally conduct business in the field of blockchain. Blocons offers services for obtaining a single cryptocurrency license, which, according to the law, can be applied for from March 2020. If you need a crypto license in Estonia, you can contact our specialists and get it as soon as possible.
Crypto license in Estonia: what is it and what types exist?
A crypto license is a special permit, according to which it is possible to provide services for the exchange and saving of cryptocurrencies. Since the blockchain is considered a crypto payment instrument, it, like any other financial institution, requires a license to operate.
There are countries in which cryptocurrency is not yet passed at the legislative level. In Estonia, this issue is regulated by the Money Laundering and Terrorist Financing Prevention Act, which is why a single cryptocurrency license is required. Estonian legislation offers favorable business conditions, including a simplified procedure for obtaining a crypto license.
Licensing of cryptocurrency transactions assumes that they can be performed absolutely legally and safely. In particular, this applies to exchange and savings cryptocurrency transactions.
In accordance with this, a crypto license in Estonia can be of two categories:
That is, for the activities of both the supplier and exchanger of cryptocurrency.
You can issue a license for the exchange of crypts in state bodies of this specialization or in authorized institutions. Our company provides assistance in obtaining a permit and is ready to assist your enterprise so that you can obtain a license for the exchange of cryptocurrencies in Estonia.
How is a license for the exchange of cryptocurrencies in Estonia issued?
To obtain a license, an application must be submitted to the Ministry of Economy and Communications. It can be submitted by a member of the board of the company or an electronic application can be made if you have an e-resident card. If you do not yet have your own company, then you first need to establish an organization in Estonia.
You can also issue a power of attorney for our employee to complete the application for you.
The application will be reviewed within 60 business days.
Our company is engaged in the official registration of a license in the field of cryptocurrencies. We take on all the tasks related to obtaining permits:
We provide full support at all stages of the procedure. We also have a license for the exchange of cryptocurrencies in Estonia at the best cost for services.
You only need:
During the allotted time for consideration of the application, the registrar may request additional documents that are required to clarify the information.
Blocons will help you correctly obtain an activity permit in order to exchange cryptocurrencies under a license in Estonia. We do everything promptly and in accordance with the law. We will answer any questions you have when discussing your project, call us or leave a request on the website.