Virtual currency license in Estonia

Virtual currency is a value represented in digital form that can be digitized, stored, sold, and accepted as a means of payment by individuals or entities.

Background information

On November 27, 2017, based on Directive №2015/849 of the European Parliament and the Council, a new Law on the Prevention of Money Laundering and the Financing of Terrorism entered into force in the Republic of Estonia, which allows companies to legally provide customers with services of exchange, transfer and storage of crypto and virtual currencies based on the following licenses:


A Board Member of the company can apply for a cryptocurrency license in Estonia. An application for a license can be submitted electronically with an e-Resident card when visiting a notary in Tallinn or by issuing a power of attorney to a representative of Company in Estonia OÜ so that we can apply for you.

Bank account

One of the biggest challenges for crypto enterprisers is opening a bank account. Opening an account with an Estonian bank is not possible because none of the Estonian banks works with high-risk businesses (Crypto, Gambling, Gaming, CBD, Adult etc.). Crypto businesses are under stringent supervision as quite often their owners tend to run fraud operations and break the law by, for example, sponsoring terrorism.

Medium account for the Company in Estonia OÜ; a team of professionals assisting in formation and developing business in Estonia.