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How did you go through this process?

How did you go through this process?

by MatthewRichardson on Jan 4th, 2024 18:16 PM

My team and I are currently considering the option of obtaining a cryptocurrency license in Estonia. How did you go through this process? What were the key stages? I would be grateful for any useful advice.

MatthewRichardson

Posts: 10

Joined: 11.12.2023

Re: How did you go through this process?

by EthanWelch on Jan 5th, 2024 17:21 PM

If we divide it into steps, we can distinguish the registration of a company with the opening of a corporate account. You must develop an AML/KYC policy and meet the requirements of VASP. After that, you can get a license. The main thing is to understand that there are many more sub-items that you will also need to go through.

EthanWelch

Posts: 5

Joined: 27.12.2023

Re: How did you go through this process?

by MatthewRichardson on Jan 6th, 2024 13:06 PM

Thank you! At least now, the general picture of licensing is clear. Dear community, did you go through this process with the support of professionals? What do you think about the requirements for the authorized capital?

MatthewRichardson

Posts: 10

Joined: 11.12.2023

Re: How did you go through this process?

by EthanWelch on Jan 8th, 2024 14:21 PM

The minimum share capital should be 12,000 euros. Answering your question, I went through this process, of course, after consulting with a professional. After that, they helped me prepare the documents and went through the entire procedure with me, including the audit and so on. This law firm is here https://prifinance.com/en/cryptocurrency-license/.

EthanWelch

Posts: 5

Joined: 27.12.2023

Re: How did you go through this process?

by potrga on Jan 18th, 2024 08:21 AM

Keep in mind that there are a plethora of other sub-items that must also be addressed. snow rider 3d

potrga

Posts: 2

Joined: 18.01.2024

Re: How did you go through this process?

by consulting24 on Jan 22nd, 2024 07:25 AM

[color=#111111]Obtaining a cryptocurrency license in Estonia is a strategic move, and I appreciate your inquiry. The key stages typically involve thorough documentation, compliance with AML and KYC regulations, and meeting the necessary legal requirements. Seeking professional advice from experts like Consulting24, a Crypto Regulation & Licenses company, can provide tailored guidance specific to your situation. Their expertise in navigating crypto regulations can be instrumental in ensuring a smooth and successful licensing process. Good luck with your endeavors![/color]

consulting24

Posts: 1

Joined: 22.01.2024

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