Licenses
What kind of companies do NOT need crypto licenses to operate in Estonia?
In these cases: Businesses that pay for goods or services using cryptocurrencies or receive customer payments in cryptocurrencies. Those that pay salaries to their employees in cryptocurrencies. Companies that invest in crypto (sell, buy, or trade crypto) through an authorised crypto broker or exchange platform. Mining: is the process through which Bitcoin transactions are verified and added to the blockchain. The goal of miners is to find a valid solution to complexSome readersWhat 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 preparingFew readersHow do I obtain crypto licenses for my company?
The process is complex and can take anywhere from weeks to a couple of months, especially since the legislation changed in 2020. You have to contact an Estonian law firm. However, we can take care of your company's accounting, taxes and compliance if you have the necessary licenses. If you have questions about this, you can contact us here.Few readers