Estonia is a digital currency and wallet dual license, which all digital currency exchanges should know. This license is very valuable and is a digital currency license that many exchanges dream of.

1 The Estonian license is the first national digital currency license. Estonia is the first country in the world to popularize blockchain technology. It has created a relatively complete intelligent system based on blockchain technology. system.

2 Estonia’s policies are very friendly to digital currencies, and its staff are efficient in processing blockchain transactions. Open to businesses from any country, Estonia has one of the most competitive tax policies in the world and is recognized as one of the leading countries in digitalization and information technology.

3 In Estonia, it is enough to provide a non-criminal record and have it notarized at the beginning. Later, when applying for a license, you need to go to a local interview and pass an assessment before you can apply. None of this can stop exchanges from chasing Estonia, so in March this year Estonia revised the bill again, requiring capital verification and local on-site operations (offices and employees). Despite this, the Estonian license is still popular, because anyone who really knows it knows how difficult it is to apply for.

Estonia’s license for digital currency exchanges has officially taken effect on March 10, 2020. The specific changes are as follows:

1. From the original cryptocurrency trading license + wallet license The license is changed to one piece, changed to "virtual asset service providers";

2. The application period is extended from 30 days to 60 days, and can be up to 120 days;

3. Implementation of requirements For a local office, the company opens an account in the EU and pays the registered capital;

4. Traders who apply for an Estonian license before March 10 need to rent an actual office address in Estonia and handle the actual payment of the company account Registered capital. Those who fail to complete this requirement by June will have their licenses revoked.

About the method of applying for an Estonian digital currency trading license after March 10:

1. There is no transfer or affiliation of a license that has been applied for before. (The application is simple, no need to go to Estonia in person)

2. Re-application: The application cycle is long, and there is a possibility that you need to go to Estonia in person (account opening and capital verification).

So for the latest application for an Estonian license, we recommend that a local person hold the license, so there is no need to open an account locally. Just provide a simple company name. The whole process takes about 6 to 8 weeks. time.