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Estonian consulting firm Eesti claims that it is getting harder to get a cryptocurrency license in Estonia. Estonian consulting firm Eesti has claimed that it is getting harder to get a cryptocurrency license in Estonia in a press release published on May 16. The Estonian government’s Ministry of Finance introduced changes to the licensing process on May 3. The new regulations adds a numbered formal obligation, extends the processing time from 30 to 90 day and establishes the requirement for a company or branch to be incorporated in Estonia. Furthermore, the registered office address and the board of directors now needs to be located in Estonia, and the state fee for the emission of the license has been increased from €345 ($386) to €3,330 ($3,729). The country’s minister of finance, Martin Helme, explained the reasons behind the change: “We have learned our lesson from the banking sector the hard way, and we must now deal with new international risks, with cryptocurrencies among the ..
Russian crypto exchange B2BX has received regulatory approval from the Estonian financial watchdog to operate as a fully regulated crypto exchange. Russian cryptocurrency exchange B2BX has received regulatory approval from the Estonian Financial Intelligence Unit (FIU) to operate in the country, according to a press release published Nov. 12. Founded in 2014, B2BX is a part of the B2Broker group of companies and a full-featured spot trading platform, offering 34 cryptocurrency markets. In late 2017, the exchange conducted an Initial Coin Offering (ICO), with the objective of making an official business-to-business crypto exchange aggregator to connect institutional clients, forex/DMA and stockbrokers with digital currency exchanges. The recently obtained FIU license will allow B2BX to operate as a completely regulated exchange for trading digital currencies, as well as provide an extended level of crypto-to-crypto and “soon” crypto-to-fiat services. According to the release, B2BX is o..