How to trade cicoins digital currency
Estonia joined the World Trade Organization in September 1999. Estonia joined the European Union on 1 May 2004. At present, Estonian economy is developing rapidly and information technology is relatively developed
on January 1, 2011, Estonia officially joined the euro area, becoming the 17th country in the euro area. In addition, it is worth mentioning the digital citizen program launched in 2007. Estonia is one of the attractive countries for blockchain supporters
Estonia is the first country in the world to issue ICO in the name of a country
the communication with the regulatory authorities and the visit to them are of great value to the blockchain project. 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. It is important that most officials speak English and Russian< At present, Estonia issues cryptocurrency trading licenses. Cryptocurrency operations are permitted by other payment instruments (it has been designated as "virtual value" since 08.12.2017)< According to OECD, Estonia has one of the most competitive tax policies in the world. Estonian profits tax is not applicable. Bitcoin and altcoins are not subject to VAT
join Estonian cryptocurrency trading license, with legal business capacity. Private financial services focus on project support related to blockchain technology and cryptocurrency business
our team helps our customers obtain cryptocurrency trading licenses in Estonia< Some of the services are as follows:
assisting customers:
e diligence and KYC
establish a company
qualification and risk assessment
evaluation of operation plan
financial instruments test (FIT)
submit the application and complete other simple requirements
· prepare the 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
· internal AML / KYC program preparation (Estonian and English)
· in the process of applying for a license, the financial department 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 shareholders / UBO / directors
· 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
· the director's certificate, notarized and translated into English, is attached to the higher ecation diploma
application period: about 4 weeks
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
generally refers to various means of payment in foreign currency that can be used for international settlement. Including: foreign currency, foreign currency deposits, foreign currency securities (government bonds, treasury bonds, corporate bonds, stocks, etc.), foreign currency payment certificates (bills, bank deposit certificates, postal savings certificates, etc.)
foreign currency is just a foreign currency, and its content is smaller than that of foreign exchange.
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
According to OECD, Estonia has one of the most competitive tax policies in the world. Estonian profits tax is not applicable. Bitcoin and altcoins are not subject to VATjoin 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. "