Do I need a crypto license?

Your Estonian company needs to apply for a crypto license if:

  • It offers a fiat-crypto exchange service to third parties (i.e.: clients);
  • It manages crypto assets on behalf of its clients;
  • It offers a wallet service;
  • It offers an exchange service;
  • It’s launching an ICO.

This means that if your company doesn’t offer those services to its clients, you don’t need a crypto license. For instance, you could still exchange fiat for cryptos for private purposes, such as investing the company’s money (if it sounds new to you it’s because the law recently changed). Just remember: all transactions must be justified, so make sure you have a receipt.

Related articles

How do I set up a travel agency in Estonia?

Can I launch a fintech financial institution in Estonia?

What are the requisites to obtain a crypto license?

How can I avoid double taxation?

Can my country of residence ask me to pay company taxes there?

We are a startup; can we register a company in Estonia?