What kind of companies need crypto licenses to operate in Estonia?
Your company needs licenses in these cases:
If you exchange crypto-currencies with third parties, that is, you offer a service that allows your users to exchange euros, dollars, etc. for bitcoin, Ethereum, or any other cryptocurrency.
If you manage the finances of users or clients in cryptocurrencies, that is, you manage the wallets of users or clients, which contain cryptocurrencies.
If you have or are preparing your own token with economic value (security) / or are preparing an ICO or similar.
If you want to launch an exchange or wallet service that holds or manages tokens or cryptocurrencies on behalf of your clients.
In any of these situations, your company is a crypto business and has to obtain the appropriate licenses to operate.
If you exchange crypto-currencies with third parties, that is, you offer a service that allows your users to exchange euros, dollars, etc. for bitcoin, Ethereum, or any other cryptocurrency.
If you manage the finances of users or clients in cryptocurrencies, that is, you manage the wallets of users or clients, which contain cryptocurrencies.
If you have or are preparing your own token with economic value (security) / or are preparing an ICO or similar.
If you want to launch an exchange or wallet service that holds or manages tokens or cryptocurrencies on behalf of your clients.
In any of these situations, your company is a crypto business and has to obtain the appropriate licenses to operate.
Updated on: 01/08/2022
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