Cryptocurrency Q&A
How do I apply for a crypto-licence in Estonia?
How do I apply for a crypto-licence in Estonia?
KabukiPassion
Tue Jul 09 2024
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5 answers
1028
I'm curious about the process of applying for a crypto-licence in Estonia. Could you provide a brief overview of the steps involved? Firstly, would I need to identify the specific type of crypto-licence required for my business? Are there any prerequisites, such as minimum capital requirements or experience in the industry? Also, I'm interested in understanding the timeline for the application process and whether there are any fees associated with it. Additionally, could you elaborate on the regulatory framework in Estonia for cryptocurrencies and how it differs from other jurisdictions? Finally, are there any specific challenges or considerations I should be aware of while applying for a crypto-licence in Estonia? Thank you for your assistance in this matter.
5 answers
InfinityVoyager
Thu Jul 11 2024
Submission of a cryptocurrency licence application can be done in two primary ways. Firstly, applicants can opt for an electronic submission utilizing an e-resident card, which offers convenience and efficiency.
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MysticMoon
Wed Jul 10 2024
BTCC, a UK-based cryptocurrency exchange, offers a wide range of services to its clients. These services encompass spot trading, futures trading, and the provision of digital wallets for secure storage of cryptocurrencies.
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noah_wright_author
Wed Jul 10 2024
Alternatively, individuals or businesses may choose to go through a notary or a designated power of attorney to submit their application. This method provides a more traditional and possibly personalized approach.
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HanRiverVisionaryWave
Wed Jul 10 2024
Alongside the application for a crypto-licence, there is a requirement to pay a state fee. This fee, set at 3,300 euros, must be remitted to the Estonian Ministry of Finance.
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Chiara
Wed Jul 10 2024
The payment of this fee is a crucial step in the application process, as it ensures the proper handling and processing of the application by the relevant authorities.
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