We offer cryptocurrency exchange and wallet service provider licenses application.
In Estonia, companies that deal with virtual currencies can apply for 2 different activity licences:
1. Providers of a service of exchanging a virtual currency against a fiat currency
It allows exchanging fiat to crypto, crypto to fiat, crypto to crypto.
2. Providers of a virtual currency wallet service
It allows providing virtual currency wallet service in the framework of which the company generates keys for Clients or keeps Clients’ encrypted keys, which can be used for the purpose of keeping, storing and transferring virtual currencies.
To apply for the above two mentioned license(s), it must be done via a company registered in Estonia or through a branch office of a foreign company in Estonia. From our previous experience, it’s better to use an Estonian company instead of a branch office.
An application for activity licence shall be processed by the Financial Intelligence Unit (FIU) by granting or refusing to grant the activity licence within 30 working days.
