In recent years, more and more often we hear the word cryptocurrency, many shops prdelay settlements in cryptocurrency, but what it is and how to use it most people do not know.
What is cryptocurrency. Cryptocurrency is a type of digital currency, the creation and control of which is based on cryptoraphical methods. (wikipedia)In simple words, cryptocurrency is electronic money, but the rate of which does not depend on the economy of the country and is not regulated by central banks.
Most countries have a negative attitude towards cryptocurrency, as it can negatively affect the national currency of the country and the state will not be able to manipulate the exchange rates.
Since an individual cannot open a cryptocurrency exchange and obtain a licence, it is necessary to register a company. It is for this purpose that many entrepreneurs register a company in Estonia.
Estonia is one of the innovative and advanced countries that attract businessmen from all over the world.
Cryptocurrency licence in Estonia.
Recently Estonian companies are becoming more popular, as it is possible to obtain a licence to work with cryptocurrencies. The process of registering a company in Estonia is very simple and takes up to two weeks.
Cryptolicence can be obtained for the following activities of the company:
- cryptocurrency exchange;
- exchange of virtual currency for fiat money;
- virtual currency wallet service;
Obtaining a cryptocurrency licence at the legislative level takes up to 30 working days, if there are no comments from the regulator.
A cryptocurrency exchange licence in Estonia is advantageous because the cost and timeframe for obtaining one is significantly lower than obtaining the corresponding licence in another country. The cost of obtaining a licence for cryptocurrencies starts from 3000 EUR.
Due to the high demand for crypto licences in Estonia, the state regulator plans to tighten the requirements for a licence applicant.
