De minimis non curat lex

The law does not care about the little things

Contact us

677-55-44

Peterburi tee 47, Tallinn

Working time

Working days – 9:00 – 19:00
Saturday – 10:00 – 15:00
Sunday – closed

Book an
appointment

Cryptocurrency license

Regulation of cryptocurrency and virtual currency exchange

The legal environment of Estonia provides for businessmen the opportunity to legally provide services related to the exchange of cryptocurrencies, tokens and other crypto-assets and virtual values against a fiat currency for their customers and partners both directly in the office of their company and remotely around the world, using electronic channels of information, monetary funds, cryptocurrency and other virtual currencies.

  • Virtual currency is a value presented in a digital form, that can be traded, stored and transferred, and which can be accepted as a means of payment by private persons and legal entities, but which is not a monetary or legal means of payment of any state. This means that a cryptocurrency and its derivatives, including tokens, fully fall within the definition of virtual value.

The legislation of the Republic of Estonia imposes on businessmen engaged in the exchange of cryptocurrencies against a fiat currency, the obligation to comply with measures to combat money laundering and terrorist financing (including AML/KYC procedures) and obtain a state license of provider of a service of exchanging a virtual currency against a fiat currency, or cryptocurrency license.

Cryptocurrency license (crypto-license) in Estonia

  • Regulator: Office for money laundering prevention (Financial Intelligence Unit, FIU)
  • Legal framework: Money Laundering and Terrorist Financing Prevention Act
  • Period of consideration for the application: up to 30 working days

On the basis of cryptocurrency license, it is possible to:

  • To make the exchange of cryptocurrency against a fiat currency;
  • To make the exchange of fiat currency against a cryptocurrency;
  • To make the exchange of cryptocurrency against a cryptocurrency;

Obtaining a license for the provision of cryptocurrency exchanger services

Filing an application and obtaining a license of provider of a service of exchanging a virtual currency and cryptocurrency against a money (fiat) currency (crypto-license) is a procedure established by law that requires care and strict compliance with certain procedural and material requirements arising from the relevant legal acts.

The lawyers of our office will provide you with full legal support on the issue of obtaining a license for the provision of cryptocurrency exchanger services, including consultation on all the requirements established by law for the license applicant and his commercial activities, as well as prepare and provide the regulator with the appropriate application with all the supporting documentation necessary for the successful completion of the license obtaining procedure.

Contact us

If you have any questions or you are interested in the possibility of obtaining a license to exchange cryptocurrency and other virtual values against a fiat currency (crypto-licenses) – please contact us using the following communication channels:

Telephone: +372 6775544
E-mail: klienditugi@kalashnikov.ee
Skype: kalashnikov.ee
Viber|WhatsApp|Telegram: +372 82088888

We will be happy to answer your questions and provide you with high-quality legal support in obtaining a license to exchange cryptocurrency and virtual values against a fiat currency.

Consultation
QUICK REGISTRATION TO LAWYER Call back and assign you time

Companies in Estonia