Eternity Law International — News — NEW CRYPTOCURRENCY REGULATIONS IN ESTONIA

NEW CRYPTOCURRENCY REGULATIONS IN ESTONIA

Published:
March 20, 2020

New law which regulates crypto license holders entered into force on 10.03.2020.

Key points:

  • Two previously existed crypto licenses are combined into single Virtual currency service provider license.
  • Share capital must be at least 12,000 eur, which has been fully paid.
  • Physical office in Estonia is required.
  • Management Board Member/Compliance Officer must be a resident of Estonia.
  • Payment account must be opened in EMI/PI established in Estonia or in EEA country which is providing cross-border services in Estonia or established a branch in Estonia.

The companies licensed before 10th of March 2020, have to comply with the new requirements until 01.07.2020.

You could be interested

What is a PayFac?

A Payment Facilitator is a kind of legal entity that furnishes specialized services for financial transactions. It is about processing electronic online-payments as well as postings through terminals. Many people believe that these intermediaries work with standard trading accounts, but their actual functionality has certain differences. One of the main differences is the lack of...

Gaming License in Isle of Man

The Isle of Man, a self-governing British Crown dependency nestled in the Irish Sea, has long been a global hub for the gaming industry. Known for its regulatory rigor, the island nation offers a welcoming environment for gaming and betting companies. In this article, we will delve into the details of getting a gaming license...

Holding registration in Switzerland

Practice shows that such a solution as holding registration in Switzerland is quite popular among modern entrepreneurs, in a country with the most reliable financial institutions and the most accurate watches in the world. We are talking about Switzerland, located in the center of Europe. Its geographical location and loyalty to businessmen makes the registration...

Extradition Defense in Germany

There exist occasions when a person who is deemed a culprit escapes from one nation into another. Thus, potential criminals can put themselves at risk. They face the possibility of being handed over to the demanding state or finding an asylum in the state they escaped to. Such people are in need of special judicial...

AEMI License in Estonia

Business based on virtual money is rapidly developing around the world and in Europe in particular. 500 million potential customers and more than 20 million companies in the EU is a great pie for a new company to have a piece of. Thanks to acquiring a license in any of the EU countries and the...

Experience

Our experts in international law, tax planning, banking and payment solutions, who work for more than 10 years, lawyers, tax and bank consultants, know the specifics of their work.

Related posts

New gaming regulations in Curacao

Curacao has been navigating notable alterations to its eGaming certification protocols, creating uncertainty among operators about the evolving rules and associated costs. This uncertainty has often benefited rival jurisdictions like the Isle of Man, which continues to attract a substantial influx of new business. However, Curacao has recently made strides by revealing the proposed costs...

Regulations for Forex Brokers in US

Foreign currencies are constantly exchanged throughout the world through the use of over-the-counter markets. Since the trading space is unlimited, this allows for seamless access to currencies. Speculative Forex trading is becoming more common. The result of this activity is the emergence of banks or intermediary brokers that engage in fraudulent transactions or financial irregularities,...

Company registration in Estonia

Estonia is a country with a very attractive economic environment, which, in turn, creates a favorable environment for investment. Estonia is actively developing fin-tech technologies, offers zero tax rates and acts as one of those jurisdictions that have never been included in any “black lists”. A company based on the territory of this state gets...

Estonia's own cryptocurrency

Estonia’s own cryptocurrency is a current moment, as this country can become the first with its own cryptocurrency – estcoin. Over the past few years, Estonia has been initiating new trends aimed at developing the state towards the digital community. As part of its initiatives, Estonia was the first among countries to introduce an e-residency...

New bill on the cryptocurrency

The government of the European Union implements rules for the settlement of cryptomoney to support AML policy. The new draft law on the cryptocurrency will change everything. In April 2018, the European Parliament supported the directive on measures aimed at eliminating the cryptocurrency in the financing of terrorist operations and money laundering. The law will...

License for the exchange of cryptocurrency in Estonia

Nowadays, Estonia can rightfully be considered one of the most profitable states for issuing a license for cryptocurrency and conducting crypto business. Businesspersons from all over the world choose this state to launch ICO projects, obtain licenses for the exchange of crypto currency, use cryptowallets. Every year, more and more businessmen choose Estonia to launch...

Discover our services

The international company Eternity Law International provides professional services in the field of international consulting, auditing services, legal and tax services.

Ready-made companies for sale

Companies with a bank account around the world

Banks for sale

Established Banks for sale

Ready-made licenses for sale

Forex, cryptocurrencies, gambling, EMI, PSP, SVF, MSO, DLT

Licensing

Forex licenses, cryptocurrencies, gambling, EMI, PSP, SVF, MSO, DLT

Offshore company registration

Expert advice on the acquisition of an offshore company

Open a bank account

Open bank accounts in more than 120 banks around the world
Fill the blank: