Crypto-Broker Instacoins Receives Operating License in Estonia

Must Read

Eight Things in Crypto You Can’t Afford to Miss This Week

In this roundup, we cover China's market-rattling resistance to Bitcoin, the increasing drumbeat toward crypto regulation, the...

Why the Cloud Industry Needs to Become Greener

According to Energy Post, the Internet will consume 20% of the projected electricity demand...

Your Wallet May Not Be as Secure as You Think; Here’s What To Do

Remember the egregious breach that exposed Ledger’s entire trove of customer data to the public?...
- Advertisement -BTCClicks.com Banner

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 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 licence has re-enforced its status as one of the most sought-after licences 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 scrutinises 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.

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.

- Advertisement -
- Advertisement -

Latest News

Sunday Market Analysis from Trendtracers

BTCUSDT. First impression is bearish, there seems to be yearly support at around 28k, We’re expecting more...
- Advertisement -

Earn Passive Income with Nhash Cloud Mining Services

Cloud mining services are an easy way to earn passive income online. Although...

Afri-X and DigiShares Bring Tokenization to Africa

DigiShares is proud to announce its partnership withAfri-x.com to deliver the power of tokenization to Africa. DigiShares has licensed its tokenization platform to...

Racing For Heroes selects Gen2 Technologies as a Key Technology Partner

SPARKS, Nev., April 7, 2021 /PRNewswire/ -- Gen2 Technologies Inc. (the "Company") (OTC: MNIZ) is proud to announce that it has been...

Ken The Crypto tells You How to Get the Most out of the 2021 Bull Run

The year 2021 is what people call the "Bitcoin Year", and the reason is self-explanatory. This recent bull-run has brought...