Solving nonstandard business issues

Company formation and management in Estonia

Remote business management

Start a location-independent business with minimal cost and red tape

A fully digital end-to-end service

Complex ownership structures with multiple shareholders

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Types of licences

The Money Laundering and Terrorist Financing Prevention Act stipulates that providing services of the exchange of virtual currency or custodial wallet services requires an authorization. Estonian Financial Intelligence Unit issues authorizations (licenses) for operating in the following areas of activity (Money Laundering and Terrorist Financing Prevention Act § 70):

  •  Providing services of exchanging a virtual currency against a fiat currency;
  •  Providing a virtual currency wallet service.

Upon receiving the abovementioned licenses, the licensees will have legal base for operations with cryptocurrency, its exchange for traditional money and vice versa (exchange of virtual currency), and/or offer customers a virtual currency wallet that creates or maintains client-encrypted keys that can be used to store and transfer of virtual currency.

Apply for cryptocurrency exchange and wallet licences

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