Estonia is introducing new requirements for companies operating with virtual currencies.

The license will no longer be regulated by the Financial Intelligence Unit (FIU), and the authority will be changed to the Financial Supervision Authority (EFSA).

Changes will affect the paid- up capital, constitution of the management board, compliance, risk and operational procedures.
Companies will have to ensure compliance with the new requirements by 1 October 2021, BUT we suggest that companies submit evidence of compliance by April- May of 2021.

If you want to learn more or have us help your company, please contact our team.