Crypto-Broker Instacoins Receives Operating License in Estonia

27
Crypto-Broker Instacoins Receives Operating License in Estonia
Advertisement1xbit    

Instacoins Estonia OÜ, a cryptocurrency brokerage, is pleased to announce it has received an operating license from the Estonian Financial Intelligence Unit (FIU). The company is now fully regulated under Estonian law to provide services of exchanging a virtual currency against fiat.

Last year, Estonia tightened its regulations on preventing money laundering and criminal activities in connection with crypto-currencies and licensing virtual currency service providers.  Following these measures, the Estonian license has re-enforced its status as one of the most sought-after licenses in the crypto space.

“We are extremely delighted to be granted this prestigious license, as it marks the next step of our development. Our mission has always been that of providing a reliable, trustworthy and transparent product and user experience, and being granted this license continues to prove how much we take security seriously,” says Instacoins CEO Jean-Paul Bonnici.

In order to be granted an operating license, the FIU scrutinizes the company owners’ criminal history record, as well as the company’s due diligence and anti-money laundering procedural rules and internal auditing rules.  

“This is an important achievement both for our hard-working team and all our clients, who continue to trust Instacoins as their provider of choice,” adds Mr. Bonnici.

Advertisement

Instacoins Estonia OÜ was incorporated in Estonia in October 2019 with registration number 14836937. This license – having number FVR001356 – was issued by the Government of Estonia on the 30th of January 2020.

Instacoins Estonia OÜ is a sister company of Instacoins Ltd which is incorporated in Malta and has been successfully servicing its clients for the past fifteen months.



Get Daily Crypto News On Facebook | Twitter | Telegram | Instagram


DISCLAIMER Read More

The views expressed in the article are wholly those of the author and do not represent those of, nor should they be attributed to, ZyCrypto. This article is not meant to give financial advice. Please carry out your own research before investing in any of the various cryptocurrencies available.