RATE Group | Estonia might be the place to be if you’re setting up a cryptocurrency business
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Estonia might be the place to be if you’re setting up a cryptocurrency business

19 Nov Estonia might be the place to be if you’re setting up a cryptocurrency business

Posted at 10:25h in Cryptocurrency News by

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Estonia isn’t just granting lots of licenses to cryptocurrency business, it’s granting them quickly too…

Just before the weekend, the Securities and Exchange Commission in the US – the SEC – passed down its latest judgement on a token offering, declaring Paragon a security. It’s the latest in a growing number of rulings that have increasingly made the United States a fairly unfriendly home for crypto businesses.

Countering that, though, there’s the nation of Estonia. It turns out that Estonia has been busy supporting businesses related to cryptocurrency and blockchain, to the point where some 900 licenses have been granted to the organisations concerned. That covers around 500 cryptocurrency exchanges for a starter, and a further few hundred cryptocurrency wallet services. The majority of these appear to be facing Estonian citizens, too.

It seems the government of the country is keen to be seen as digitally advanced and cryptocurrency friendly, and as per a…

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