Estonia

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’.