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Europe · EE

Estonia

A digitally administered EU jurisdiction with authorisation routes for payments, crypto-asset services under MiCA and online gambling.

At a glance

Status
EU member state
Region
Europe
Regulated sectors
GamingPaymentsCrypto
Authorities
Finantsinspektsioon · Estonian Tax and Customs Board · Financial Intelligence Unit
Licensing routes
3
See also
EU / MiCA

Overview

The framework

Estonia is known for digital public administration and straightforward company administration. Crypto-asset service providers are authorised by the Financial Supervision Authority under MiCA, replacing the earlier national virtual currency licensing model.

Gambling licences, including for remote gambling, are issued by the Estonian Tax and Customs Board, which also supervises gambling operators.

Authorities

Who regulates what

Financial Supervision Authority (Finantsinspektsioon)
Payment and e-money institutions, investment firms and CASPs.
Estonian Tax and Customs Board
Gambling licences and supervision.
Financial Intelligence Unit
AML/CFT supervision and reporting.

Regimes

Licensing routes

  • MiCA CASP authorisation

    Crypto-asset services under MiCA.

    Sectors: Crypto

  • Payment / e-money institution

    Authorisation under EU payments and e-money rules.

    Sectors: Payments

  • Remote gambling licence

    Activity licence and operating permit for online gambling.

    Sectors: Gaming

Applications and regulator engagement for these routes are handled by our Regulatory & Licensing practice.

Considerations

What to weigh up

  • Company formation is fast; licensing is considerably more demanding.
  • Substance and local management expectations apply to licensed entities.

This overview is general information, summarised at a high level. Requirements change and depend on the specific activity; seek advice on your circumstances before acting.

Insights

Related analysis

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