Do Estonian crypto companies need new rules?
As the cryptocurrency industry continues to grow and evolve, it's important to ask whether Estonian crypto companies need new rules to ensure their operations are safe, secure, and compliant with regulations. With the rise of decentralized finance and the increasing popularity of digital assets, it's crucial to consider whether existing frameworks are sufficient to protect investors and prevent fraud. Are there gaps in the current regulatory landscape that need to be addressed? And if so, what kind of rules would be most effective in promoting a healthy and sustainable crypto ecosystem in Estonia?
What is the Estonian cryptocurrency license?
Could you elaborate on the Estonian cryptocurrency license? What exactly is it, and why is it significant? How does it work for companies seeking to operate in the crypto space? What are the key requirements and benefits of obtaining such a license? Does it provide a regulatory framework that ensures compliance and trustworthiness? Furthermore, how does Estonia's licensing regime compare to other jurisdictions that also offer cryptocurrency licenses? Finally, could you give us a brief overview of the application process and the typical timeline for obtaining an Estonian cryptocurrency license?