Mandatory requirements for obtaining a cryptocurrency license in Estonia
Share capital of EUR 12,000, the entire amount must be paid in cash equivalent;
Opening an account with a bank or payment institution to deposit the authorised capital;
Physical office in Estonia, local management team and officer compliance;
Appointment of at least one Resident Director;
Appointment of a local AML/Compliance officer responsible for the development and implementation of AML policies and procedures in the company. The identity of the compliance specialist is agreed with the regulatory body, the candidate must be interviewed to confirm that he is properly qualified for the job. The name, personal identification code, place of birth, nationality, residence address, position and contact details of the compliance officer must be provided to the Financial Intelligence Department (FIU);
Summary of all persons involved;
No criminal record for all participants regardless of nationality;
Business plan of the company with the description of the planned activity and financial strategy.
Deposit of a license fee of 3,300 euros.