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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.

BitSonar company that develops software solutions for cryptotrading market announced the release on the European market. To do this, BitSonar establishes an office in Tallinn (Estonia) and strengthens the center for the development of artificial intelligence and machine learning systems with new specialists.

Innovative technology giant countries such as Malta, Italy, Switzerland, Denmark, and Estonia, are in the top 5 European nations which are friendly to blockchain, Bitcoin and other cryptocurrencies, and have acknowledged the importance of creating a cryptocurrency focused economy. Nevertheless, forming, registering and operating a cryptocurrency firm, how much good the ground is levelled, the crypto businesses in the continent still experience serious problems.

The Finance Ministry of Estonia will soon add amendments to a financial bill which was recently passed, purposely meant to "harden" cryptocurrency-related regulation, according to a report by Äripäev, an Estonian financial newspaper.

One-stop cryptocurrency exchange platform, CoinMetro, has announced its operational capabilities in Estonia, following the acquisition of a trading license in the northern European country.

In the Parliament of Estonia, Mikhail Korb, a Member of Parliament and the Secretary-General of the Centre Party of Estonia held the meeting with Sergei Sergienko, the owner of the Australian project ChronoBank, Denis Tsyro, the Head of the international organization G-Global Business Portal and Hanon Barabaner, the Deputy Chairman of the Eurasian Economic Club of Scientists.

The Republic of Estonia aims to become the world’s leader in cryptocurrency and blockchain technology by creating an official market for “crypto capital” and assets.

These days, the names of cryptocurrency-related projects often include OÜ, which stands for the Estonian osaühing. Generally, it corresponds to Limited Liability Company, and implies that the company was incorporated in Estonia. The number of projects that have preferred this jurisdiction over others is steadily growing.

The Republic of Estonia may become the first country in the world with a government-backed Initial Coin Offering (ICO) and its own crypto token – ‘Estcoin’.