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I do not understand from the start message where the project is licensed. The fact that there will be many fiat currencies is good.

On the first page of this topic, the starter topic wrote that the project has an Estonian license.

It is very simple to get an Estonian licence and many cryptocurrency projects has a Estonian licence. But it is better to have and Estonian licence then to have nothing like many other startups do.

And what is wrong with the Estonian license? How is it different from others?

With the license itself, everything is fine. The question is that the simplicity of its preparation attracts not the most powerful projects. But I think this is not this case.

Why complicate things? The authorities in this country understand that excess bureaucracy does not lead to anything good.

The value of a license lies in the difficulty of obtaining it. Offshore countries give some licenses to anyone, including financial pyramids.
But Estonian is quite normal.

A license is a document that allows a firm or project to legally operate in a particular country. There are no more functions, I dont understand how the complexity of obtaining is related to value.