Estonian digital currency licence inquiry

The use of digital currency license: 1. Packaging platform, good publicity 2. Developing OTC legal currency business of exchange currency trading and contract futures 3. Platform compliance, risk aversion

the commonly used licenses are: MSB of the United States, Estonia (al license digital currency trading license and wallet license), MSB of Canada, Australia, caymann, Singapore, Malaysia, Saint Vincent Philippines, etc

the license of each country should be applied by the local company, or the company can be registered before applying for the license. It can also register with the Singapore foundation, and lawyers can issue legal opinions on the project white paper

Let's talk about the policy changes and application conditions of Estonian license since March 10, 2020:

Estonia is one of the first countries to issue ICO in the name of a country. Estonia licenses cryptocurrency transactions. Cryptocurrency operation is permitted by other payment instruments (since August 12, 2017, it is designated as "virtual value"), remember that it is legally permitted. On December 8, 2017, Estonia officially issued a cryptocurrency trading license

Estonia is one of the 28 member states of the European Union, and belongs to the European Union as well as Malta, where the currency is located. It is planned to issue a digital cryptocurrency endorsed by the state. More and more businessmen choose to carry out crypto trading in Estonia, and at the same time carry out many other continuity businesses here. Therefore, the number of encryption projects started in Estonia is increasing

Estonia is the first country in the world to issue ICO in the name of a country

communication with regulatory authorities and access to them are of great value to blockchain projects. In Estonia, communication and interaction with financial regulators (financial regulatory authority, financial intelligence unit) is much easier than in the United States or Singapore. The financial supervision authority and financial intelligence agencies always provide the legal information they need and are mostly willing to help on various issues within their jurisdiction. Most importantly, most officials speak English and Russian

join Estonian cryptocurrency trading license, with legal business capacity. Private financial services focus on project support related to blockchain technology and cryptocurrency business

some services are as follows:

assisting customers:

e diligence and KYC

set up a company

qualification and risk assessment

evaluation of operation plan

financial instrument test (FIT)

submit application and complete other simple requirements

· prepare license ("virtuaalv")__ "Ringu Raha vastu vahetamise teneus") and submit to the Estonian financial sector

· prepare the application document of virtual currency wallet service license (virtuaalva ringu rahakotteenus) and submit it to Estonian financial department

· preparation of internal AML / KYC proceres (Estonian and English)

· in the process of applying for a license, the financial sector provides legal assistance

· translation of beneficiary's documents into Estonian for application

· assist in the preparation of e-residence (the national fee is 100 euro, paid separately)

required information:

· certification and signature passport of shareholder / UBO / Director

· utility bills of shareholders / UBO / directors, indicating residential address, no more than 3 months

· English bank credit certificate of shareholders / UBO / directors, no more than 3 months

· English resume

· the power of attorney (POA) of Party B's lawyer, which is used to submit the application and act on behalf of the client in the Estonian financial sector, is authenticated and annotated

· director's certificate, notarized and translated into English

"although Malta is touted as the center of digital cryptocurrency and enjoys the reputation of introcing new regulation (gambling, foreign exchange, etc.), their cryptocurrency regulation seems to lack a solid foundation. Looking back at the way instries were regulated in the country before, it's not very promising here. "

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Estonia joined the World Trade Organization in September 1999 and the European Union on May 1, 2004. At present, Estonia is developing rapidly. On January 1, 2011, Estonia officially joined the euro area and became 17 countries in the euro area. In addition, it is worth mentioning the digital citizenship program implemented in 2007. For the supporters of blockchain, Estonia is one of the most attractive countries. The first country in the world to issue ICO in the name of a country is Estonia< br />