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Great solution: Cryptocurrency license in Estonia and KYC module in one place

Great news! Are you interested in a cryptocurrency license in Estonia? Now KYC Center can help you with this. We can help you to apply for 2 different activity licenses: 1) Providers of a service of exchanging a virtual currency against a fiat currency 2) Providers of a virtual currency wallet service.

You need to apply for an active license if you wish to operate in the following fields of activity in Estonia:

  1. providing services of exchanging a virtual currency against a fiat currency - It allows exchanging fiat to crypto, crypto to fiat. NB! You don't need a license to exchange crypto to crypto.
  2. providing a virtual currency wallet service- It is a service, where the provider of the wallet service creates or holds (has access to) the private wallet key, while the funds belong to the user, and not to the service provider.

The operating licenses are issued by the Estonian Financial Intelligence Unit (FIU). For the grant of an active license, you need to submit an application, internal control rules, and internal procedure rules. The submitted application is processed within 30 days as of the receipt of all the required information. You will be notified of the receipt of a license by e-mail. The activity license is issued electronically and without a term. To apply for a license, you need to pay the state fee of 345 euros.

KYC Center legal team assists in obtaining both the cryptocurrency exchange and wallet service licenses by preparing all required legal compliance documentation on your behalf. For more information about cryptocurrency license contact us: [email protected]

Created 15/09/2018
Updated 15/09/2018