Estonia is a favorable and friendly country for various virtual currency-related activities. In a relatively short period, the country has gained a reputation as a "cryptocurrency haven" thanks to its progressive legislation. It is the first country in the EU to regulate cryptocurrency companies. In the last 5 years, many entrepreneurs, exchanges, and exchangers have opened physical offices in the country, and more than 2,000 businesses have received a cryptocurrency license.
Most entrepreneurs choose Estonia for crypto-related business activities, IEOs, ICOs, IDOs, moreover, they scale their businesses here. The number of active entrepreneurs is growing steadily. Despite legislative changes in 2021, the Estonian cryptocurrency license is affordable compared to other countries. After all, the demanding nature of the legislation is not even a disadvantage, but a significant market advantage. Today, virtual currencies are controlled exactly like fiat money. They have been legalized and put on a par with alternative means of payment, which is an advantage compared to countries where cryptocurrencies operate in a “gray area”. Estonia has been recognized as an alternative to jurisdictions in Malta and Switzerland due to its favorable legal environment for regulating cryptocurrency activities, attractive tax policies, and reduced licensing costs.
Choose the best package of services for obtaining a crypto activity license in Estonia
After 5 months (approx.) license will be obtained and another 2-3 weeks will be required for the license holder to be fully operative