Financial regulation

Our lawyers help with obtaining financial licences and provide regulatory advice to such financial organisations as payment and e-money institutions, online-banks, virtual currency providers, alternative investment funds, various blockchain solutions and internet-platforms.

We can help you with

  • application for financial service licences
  • fulfilment of regulatory requirements
  • virtual currency service authorisations
  • AML / KYC compliance
  • internal organisational requirements
  • communication with regulatory authorities
Financial activity licences
A licence is needed to operate as a payment or e-money service provider, an investment fund manager, an investment company and a creditor and those are issued by the Estonian financial supervision authority. We have knowledge of legal and financial requirements and their application to the companies operating in the financial sector. We also have necessary IT competence to help our clients on challenges at the intersection of law and technology. Our core practice is to assist financial technology (Fintech) companies' business activities and funding mechanisms within the regulatory environment.
Blockchain finance and ICOs
We can help you with regulatory and compliance of these innovative ways of funding and investment. Virtual currency business requires well trained and experienced consultants since the field is mainly uncharted waters of legislation, which however doesn't mean lack of regulation. Over the years we have gained significant experience of conducting over 15 of ICO and STO fund raising campaigns and registering cryptocurrency exchanges and crypto wallet service businesses in Estonia.
Virtual currency
Companies that operate with virtual currencies can apply for virtual currency services licence in Estonia: provider of virtual currency exchange service and provider of virtual currency wallet service. The licence is issued by the Estonian Financial Intelligence Unit (FIU).

Experience

Payment institution
We advised a large German payment service provider in dealing with the regulatory authority and obtaining of payment service provider authorisation.
We have provided legal support for several crypto token offerings. The total amount of investments raised by our clients in terms of US dollars exceeded 65 million.
Regulatory / Blockchain
We advised an international blockchain based digital game distributor on regulatory matters and dealing with the regulatory authorities.
Alternative Investment Fund (AIF)
We advised and helped establishing a small alternative investment fund in Estonia. We helped developing the fund's structure and assisted in registering a fund manager for a small alternative fund.
Virtual currency exchange & virtual currency wallet
We have successfully represented various crypto and blockchain businesses in dealing with regulatory authorities and obtaining licences for crypto and fiat assets exchange and crypto wallet services. Our lawyers' efforts have resulted in clients receiving their licences.