Re: Anyone applied for Estonian cryptocurrency exchange/wallet licenses?
Hey guys, great news, we've just been granted BOTH licenses!
1. Providers of a service of exchanging a virtual currency against a fiat currency
2. Providers of a virtual currency wallet service
Awesome news!
1. Providers of a service of exchanging a virtual currency against a fiat currency
2. Providers of a virtual currency wallet service
Awesome news!
Well done OP! And it certainly looks like this has happened as quickly and as easily as is "advertised"! Would you care to share how easy it was to provide documentation? Did you do this directly or did you hire legal assistance? As you can see from my previous posts, I was also considering this route, but the initial costs of engaging assistance was still a little too high for a 2-person SME (being the entity I'm trying to help). Looks like they also did it in 3 weeks, half of the time advertised.
Big question: does this also allow you to passport the licence out to all EU-member countries?
Smaller question: do you now need help with compliance (both AML whose directive comes into effect next year, and privacy (GDPR))?
Hey! I did it myself, it was definitely serious work, I would say 5-7 full workdays to prepare the whole documentation, at least 10 days with the whole process, preparation, etc. No, I did not involve lawyers at all.
I don't understand the passport question, sorry.
Also I don't really know about the compliance, we just want to launch now, all other tasks comes later.
Hope this helps!
Tivadar, what was your overall monetary cost with e-resident, company formation and getting crypto exchange licenses?