How to deal with Estonian digital currency license

1. At present, the blockchain digital currency exchange has three kinds of licenses most applied for in the market: MSB license in the United States, MTR double license in Estonia and austrac license in Australia

MSB license in the United States is a license with a wide range of supervision. It is aimed at engaging in money service business and companies in the United States, including digital currency, virtual currency transactions, ICO issuance, foreign exchange, foreign exchange and so on. Relevant business companies must apply for MSB license to operate in compliance. The license plate is characterized by high reputation, high gold content, independent recognition by investors and exchanges, and low cost compared with other digital currency licenses. Processing: provide a director information (ID card) + provide a company name (need to help you register an American company first)

Estonian MTR virtual currency trading license includes two licenses: virtual currency trading license service and wallet trading service license. Characteristics of the license: the first digital currency license issued by the state is very friendly to the blockchain, the relative policy bill and so on, and the reputation is very high. Although the cost is higher than that of the US MSB license, it is actually very low. Handling: the first way: provide a director's information (ID card) + provide a company name (need to help you register an Estonian company first) + director's no criminal record certificate (need to be notarized) + capital verification account 12000 Euro + local actual office and office staff. The second way: provide a company name, other all inclusive

digital currency traders in Australia need to apply for austrac. If the company providing digital currency transactions does not apply for such a license, it may lead to two years' imprisonment or a fine of aud105000. Australia austrac license features: its business scope can reflect the digital currency words, famous, high gold content, the cost is relatively low. Processing: provide a director's information (ID card) + provide a company name (need to help you register an Australian company first) + director's no criminal record certificate

in fact, the above three licenses are the three most popular digital currency licenses at present, and they all have one thing in common, with high reputation, high gold content and low cost, These three kinds of licenses are not only recognized by customers and investors, but also the three kinds of licenses that the trading platform competes to handle.

2. Hello

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

3.

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

4. Of course, the minimum trading unit of bitcoin is 0.0001

this platform can trade web links in pure Chinese. At present, the value of three bitcoins is about 3W US dollars

5.

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 VAT

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. "

6.

There are two ways to apply for Estonian license:

A1 company establishment scheme 1, and registration by shareholders applying for e-residence card

A2 company establishment scheme 2, Through our company to provide local fast through note

B company registration optional service

B1 registered address

B2 local contact person

B3 bank account assistance

B4 business registration application (when the turnover is more than 40000 euro, Then you need to apply for VAT)

C Estonian digital currency license application

C1 company registration levy fee

C2 application program for writing and submitting encryption license

C3 virtual currency exchange service

C4 virtual Coin Wallet service provider

C5 drafting the first version of internal rules required by the law on the prevention of money milling and terrorist financing

C6 drafting the first internal rule stipulated in the international sanctions law

C7 collecting customer information

C8 fee for submitting application to the economic activity registration authority

7.

Estonian MTR license is a al license of digital currency and wallet

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

information required to apply for Estonian licence: · certification and signature passport of shareholders / UBO / directors· Utility bill of shareholder / UBO / Director, indicating residential address, not more than 3 months· English bank credit certificate of shareholders / UBO / directors, no more than 3 months· Resume in English· 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 certified and annotated· The director's certificate, notarized and translated into English, is attached to the higher ecation diploma

assisting clients: e diligence and KYC; Establishing a company; Qualification and risk assessment; Evaluation of operation plan; Financial instruments 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 department provides legal assistance· Translation of beneficiary's documents into Estonian for application

8.

Estonia is a member of the European Union and one of the three Baltic countries. The government's open supervision and positive attitude towards cryptocurrency is a hot area engaged in cryptocurrency activities

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

As a real digital currency license, Estonian al license includes digital currency trading license and wallet license. Its business scope can reflect digital currency trading, including blockchain technology development, exchange currency, legal currency, contract, wallet and so on. For the project side, this license can be said to be very practical. Therefore, Estonian MTR has been sought after by major project parties for its ultra-high gold content

According to the 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

documents required for applying for Estonian MTR license:

1. The company name should be verified, not too long, and not involving trademark words

2. Director information (ID card) and English resume (financial related)

3, the original certificate of no criminal record of the director

4, Poa signature notarization document

5, registration time: about 45 working days

the registration process becomes more difficult, and will be spot checked to answer questions. According to the new policy, the actual office work (including those already handled) should be increased. The office address should be rented for a long time, and the staff should also be employed. Do you think Estonian license plates are troublesome? In fact, none of these problems can be solved. But in the future, it will be more and more difficult for Estonia to apply

management process; Register a local company first and then apply for a license plate

materials required for license plate application: provide no crime certificate + passport + address Certificate (notarization is required)

repeat the question about being selected and answering questions. The probability of being selected is very high, so you need to understand English (reply in English or Estonian) or talk about it in other ways

follow up expenses: annual review of the company + maintenance expenses / annual

9.

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

10. You can see the distance on the Gaud map and plan the route