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Instacoins Estonia OÜ, a cryptocurrency broker, is pleased to announce that it has received a work license from the Estonian Monetary Intelligence Unit (FIU). The company is now fully regulated under Estonian law to offer services and products for digital currency exchange against Fiat.
Last year, Estonia tightened its anti-money laundering and cryptocurrency crime and licensing rules for digital forex carrier providers. Following these measures, the Estonian license has strengthened its reputation as probably the most sought-after license within the crypto house.
“We are extremely pleased to receive this prestigious license because it marks your next step in our construction. Our challenge at all times has been to provide a competent, dedicated and clear product and user experience. The granting of this license means that we continue to attach great importance to security, ”says Jean Paul Bonnici, CEO of Instacoins.
In addition to the company's due diligence and anti-money laundering and internal auditing requirements, the FIU also reviews the historical records of corporate house owners to obtain a work license.
"This is a very strong fulfillment for our hard-working employees and all our buyers who continue to accept Instacoins as their supplier for the selection as true," said Bonnici.
Instacoins Estonia OÜ was incorporated in Estonia in October 2019 with registration number 14836937. This license, number FVR001356, was issued by the Estonian government on January 30, 2020.
Instacoins Estonia OÜ is a sister company of Instacoins Ltd, which is integrated in Malta and has been looking after its buyers effectively for fifteen months.