Blog Details

Home  Blog Details

Introduction_Estonia Cryptocurrency Exchange And Multi Wallet License

by | Aug 14, 2020 | Incorporation

When it comes to attaining a cryptocurrency exchange license, we need to understand what a cryptocurrency is all about. A cryptocurrency is basically digital money or virtual currency, and because of today’s cryptocurrency is being backed by a strong infrastructure and thus gained recognition, it has become something very unlike the virtual currency in the virtual gaming world in the past. Nowadays, the use of cryptocurrencies has widened greatly, people use them for remittances, some residents in other countries who have a volatile exchange rate keep cryptocurrencies to protect the value of their cash and assets, it is becoming more widely used for the purpose in purchases of goods and services, and no longer limited to the virtual space of online games. Ever since cryptocurrencies hit the main stream, there are many new cryptocurrencies are created each year, they mostly labeled as Altcoins (Alternative Coins)

Cryptocurrency exchanges are commonly seen and setup in the following jurisdictions,Estonia, Canada, Australia, Cayman, Singapore. Estonia offers two unique licenses when it comes to crypto currency trading; they have one that is an exchange license, and the other being a multi-wallet license. So one can have an idea, how practical this license is. Estonia is one of the first few countries to have launched start an ICO (Initial Coin Offering); On December 8th 2017, Estonia officially started issuing cryptocurrency licenses, and Estonia’s Financial Supervisory Authority said, the license would be classified as a safeguard at the same time to promote growth in Fintech innovations in Estonia.

If you are considering Estonia, or deciding which jurisdiction is suitable for your cryptocurrency related business, feel free to drop me a message.  

Related Posts

The Startup Broker Dealer in 2024

The Startup Broker Dealer in 2024

It is essential to start a broker dealer business with proper business registrations and licenses,  without a proper setup, this could lead to restrictions in compliance with international laws and limit the ability of the broker dealer to receive payments. Most...

read more
Incorporate a St Lucia CFD Broker

Incorporate a St Lucia CFD Broker

The forex and CFD broker dealer industry continues to attract entrepreneurs worldwide, drawn by its potential for substantial returns. However, navigating the regulatory landscape is crucial before venturing into this highly regulated sector. Why Choose St. Lucia for...

read more

Why Brokerages Need a License

We have seen many innocent investors fall victim to early stage brokers operating without a license, and had shut down their operations as they couldn’t pay up a client’s earnings. Whenever this happens, victimized customers do not have any avenue to seek compensation...

read more