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
“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.