THE BASIC REQUIREMENTS FOR A CRYPTO LICENCE
WHAT IS A CRYPTO LICENCE?
In 2017, Estonia was among the first jurisdictions in the European Union to license cryptocurrency companies. This marks Estonia's pioneering role in regulating digital currencies in the EU and has allowed us to generate a hefty experience in the field.
To this day Estonia is still among the most experienced regulators in the field and is actively sharing its experience with jurisdictions who are only about to adopt the requirements and licensing regime. A crypto licence is an authorisation that regulates the use, trading and exchange of cryptocurrencies. It allows businesses to operate legally and professionally with digital currencies. The rules and laws on cryptocurrencies change frequently and can vary significantly from jurisdiction to jurisdiction. Therefore, keeping up to date with the latest laws and requirements is crucial. Strict regulations also ensure more effective security for transactions.
WHAT ARE THE BENEFITS OF HOLDING A CRYPTOCURRENCY LICENCE?
Bitcoin is considered a decentralised form of cryptocurrency. As with any emerging market, regulations and specific laws are still being developed to deal with the challenges associated with these digital assets. Acquiring a crypto licence can offer significant benefits and ensure compliance with the law. If your business involves buying or selling Bitcoin, it is mandatory to hold a crypto licence. This licence allows businesses to operate freely in the virtual currency market. In essence, a crypto licence is a valuable asset that creates a solid foundation for businesses looking to succeed in the digital space.
THE BASIC REQUIREMENTS FOR A CRYPTO LICENCE
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