Crypto-Broker Instacoins Receives Operating License in Estonia

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.

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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 rules.  

“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.

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Phil Traugott is a staff writer at CaptainAltcoin. As a trained marketing specialist for copywriting and creative campaigns, he has been advising top companies on the following topics: online marketing, SEO and software branding for more than 10 years. The topic of crypto currencies is becoming increasingly important for companies and investors and he found it very alluring and fitting for his skillset which prompted him to pivot his career towards blockchain and cryptocurrencies.

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