Two license applications were made from Estonia in 2017. These licenses are “Financial services Providing services of exchanging a virtual currency against a fiat currency (FVR000244)” and “Financial services Providing a virtual currency wallet service (FRK000202)”. The licenses were obtained by obtaining state approvals on 28.06.2018. With these licenses, the relevant levels of the state supervise the FinCras & InvCras Digital Services OÜ company and the company’s Escoin brand. Licenses are in full use with the completion of the last legal steps required by the changing legislation in 2020.
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