Deciding on which countries to expand your business to can be a complex and difficult decision. As an aspiring entrepreneur, you might have heard of the lucrative business environment of Estonia and might specifically be wondering about how you can set up a cryptocurrency company in Estonia successfully. In this article, Tetra Consultants will not...
As one of the pioneers in blockchain technology, Estonia is one of the best places to open a cryptocurrency company due to the relatively low fees for obtaining a license. Before setting up a cryptocurrency business in Estonia, investors are required to obtain an Estonia crypto license. Another license many fintech firms may apply for...
Estonia is one of the world’s most digital enabled countries, having developed a very advanced economy propelled with developments in the digital and technological frontiers. The country adopts a cashless society, with 99% of financial transactions happening digitally. The Estonians have managed to develop a high-level financial sector from scratch, paving the way for the...
Oftentimes, traditional banks are wary of cryptocurrency businesses because of the high risks and volatility brought about by cryptocurrencies. As such, crypto businesses may find offshore bank account opening with traditional banks challenging due to strict regulations. Therefore, finding crypto-friendly banks for corporate bank account opening will be the best alternative for your cryptocurrency business....
Given the meteoric rise of Bitcoin to a peak of USD 8,790.51 on March 4th, 2020, and an increasing number of businesses accepting Bitcoin or other cryptocurrencies as payment modes, cryptocurrency has become a readily emerging currency that we should all keep our eyes on. The forerunner of a push for fair and accurate regulation...
Cryptocurrency has been gradually soaring in both popularity and acceptance, and there are even a few big names in the global market such as Tesla that accept Bitcoin as a payment mode. It is no wonder then, that many businesses are keeping an eye on this readily emerging market and keen to jump on the...
Do you need a license to trade cryptocurrency? Simply put, cryptocurrency licenses serve as official permission to conduct a regulated cryptocurrency business. In Estonia, the National Financial Intelligence Unit (FIU) is the governmental body in charge of issuing an Estonia crypto license. Under the Estonia crypto regulations, a cryptocurrency license is required for activities in...
The Estonia crypto regulation has the primary aim of protecting investors’ interests and establishing a comprehensive regulatory framework that ensures transparency and hence trust in the system. Given that Estonia has consistently been a forerunner in the cryptocurrency industry, it is no surprise that the nation has proposed yet another set of changes in regulation...
With the increase in the company’s participation and investments in Cryptocurrency assets, accounting for cryptocurrency in 2022 has become a huge topic. While cryptocurrency commenced in 2009, it has been booming in the past few years. Regardless of whether you own an Estonia cryptocurrency license, Malta VFA license or Singapore payment institution license, all regulated...
Estonia, being one of the most advanced European countries, is spearheading the development of blockchain technology by allowing foreign investors to set up companies relating to cryptocurrency trading in 2021. As such, numerous cryptocurrency companies seek to conduct their businesses in Estonia because of the speed and low cost of implementing a cryptocurrency project there....
