Many entrepreneurs who previously thought about obtaining an Estonian crypto license today doubt the feasibility of such a solution due to the tightening of requirements for crypto projects. But the unique strictness of Estonian laws in relation to cryptoassets is not a disadvantage, but a significant market advantage. After all, today cryptocurrencies are controlled here in the same way as ordinary fiat funds, which means that they were essentially legalized and equated to alternative means of payment for legal entities and individuals. And this is against the background of the fact that in many countries the cryptocurrency is still not regulated and is in the "gray zone". The startups working with her run the risk of being shut down every day due to suspicions of money laundering or terrorist financing.
What are the advantages of the Estonian cryptocurrency license today:
A company that has undergone strict Estonian selection and eventually received a license is protected from possible revocation and regulatory arbitrariness.
Users and partners of licensed companies have received protection and level of guarantees on par with conventional financial institutions.
The level of trust of customers and partners in licensed Estonian crypto companies is much higher than in those from an unregulated environment.
Services of companies with a cryptocurrency license in Estonia are available to any enterprises and individuals on an equal basis with the services of banks and payment systems.
Comments