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Estonia Cryptocurrency License — Overview of the Top Cryptolicense

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Estonia Cryptocurrency License

Anyone interested in entrepreneurship and cryptocurrencies already knows the one country that is always named when talking about crypto-businesses: Estonia.

The North-European country, whose population and size are comparable to the State of Maine, has successfully made the crypto world pin it on their map.

The Estonia cryptocurrency license was early. It was the first one to be white-labelled. It was the first one to get enough feedback to evolve, after 3 years of running the framework. Estonia hosts hundreds of cryptocurrency companies and is considered the benchmark.

Back in 2017, your company could get an e-wallet license or a cryptocurrency trading license in Estonia, or both. In 2020, the innovating Estonian regulators blended the two into a single blockchain license. Estonia wanted a stronger framework after money laundering scandals in a domestic bank. Following up on the FATF recommendation, the updated framework put an emphasis on AML-KYC.

Is the Estonian cryptocurrency license still interesting in 2022?

With the emergence of new licenses and the openness to crypto-related businesses in many countries at once, is the Estonian license still a good opportunity?

We are observing a division on the “market” of regulations. As new ventures pop up from all over the world, with very different business models, increasingly touching on the matters of DeFi and NFTs, the regulatory side is not one-sided anymore as well.

The Estonian framework was designed to monitor and legitimize the purchase and sale of cryptocurrencies, as well as thecustody. It is therefore best suited for centralized exchange, but can fit other kinds of services as well. The white-label nature of the framework brings a considerable benefit: as it is straightforward and replicable, the licensing fee and the operation-related costs are relatively low. Whatever your business model, Estonia most likely will show up as one of the best three options for registering your crypto company.

How does one get the cryptolicense in Estonia, without ever going to Estonia?

As long as you cooperate and agree to set a substance in Estonia, you will never be required to visit the country. Estonia, before even becoming renowned as a crypto-friendly place, has set most of its services online. For a business-owner, this means doing tax, editing the company and signing official documents from your computer, wherever in the world.

But you noted it: you have to set some substance in the country. This means, concretely speaking, that to get the cryptocurrency license for your Estonian company, you need to rent or own a physical space in the country. A local director should be appointed, which is the opportunity for the remote entrepreneur to have a brain and a pair of hands onsite. Finally, as per the FATF recommendations, any crypto company in Estonia has to appoint an AML officer, whose job is to ensure compliance of KYC processes and to report suspicious transactions.

This requirement for substance is a bit of additional work and comes with the cost of rent and employment. These added measures in 2020 have barred the road to the least wealthy crypto entrepreneurs, who are now looking into other places for establishment.

What is the process to get the Estonian cryptocurrency license?

The license is only granted to companies registered in Estonia, so this is square number one. With the IT infrastructure described above, it is possible to register a company in Estonia from anywhere in the world, given you can provide documents proving your identity.

Once the company is set, it’s about time to set the substance that we talked about in the previous part of this article: premises and local workers.

Substance is also about financial subsistence, and the Estonian law requires you to deposit EUR 12,000 in a bank account located in the European Union. The upside is that this money can be used for business once the license has been granted. It’s not locked in.

Afterwards, an application for license has to be completed and sent to the Estonian Financial Intelligence Unit. Having a clear and striking business plan is often helpful in getting your project green-lighted effectively. Be prepared to demonstrate your AML-KYC procedures and policies as well, it can make or break the success of the licensing process.

Saving time, energy and possibly money on the licensing process — a few tips

The best thing you can do is to acknowledge the requirements and to be prepared. You will be interrogated about the people involved so prepare notarized passports and a resume of all your team. You will need to set the substance in Estonia and to demonstrate your ability in applying the AML and KYC rules.

Experience shows that the whole process is much simpler and free of mistakes when conducted with the assistance of a licensed corporate service provider, such as LegalBison and it’s 100% success rate in setting cryptocurrency licensedcompanies in Estonia.

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Cryptocurrency

Something Funky Has Been Happening to the Bitcoin Markets Since 2021: Details

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The number of Bitcoin (BTC) deposit addresses on exchanges has dropped sharply. Such a pattern points to a deepening long-term conviction among investors.

Data reveals a dramatic reversal in behavior that began after the 2021 cycle peak. Between 2015 and 2021, the number of unique addresses depositing BTC to exchanges steadily increased, averaging 180,000 annually. However, since 2022, that trend has not only stalled, but it has declined consistently.

BTC Exchange Deposit Trend Reverses

According to CryptoQuant’s latest analysis, the 10-year average now stands at approximately 90,000, while the current 30-day moving average is just 48,000. On a daily basis, the number of depositing addresses has dropped to around 37,000, recording a multi-year low. Analysts say that this indicates a growing preference for holding Bitcoin rather than trading it.

The launch of spot Bitcoin ETFs has played a key role, which gave institutional and retail investors access to BTC’s price performance without needing to move or manage the asset directly. Additionally, lower retail trading activity in the current cycle has reduced active deposit behavior.

At the same time, an increasing number of investors, and even corporations, are adopting a savings-oriented approach, treating Bitcoin as a long-term reserve rather than a speculative instrument.

The report said,

“These shifts, which have emerged gradually over time, are precisely what drive Bitcoin’s evolving identity in financial markets. It may well be this transformation that ultimately solidifies BTC’s role as a store of value.”

This sentiment in investor behavior is echoed on a macro scale.

Bitcoin As Modern Reserve Asset

Bitcoin is increasingly seen as a strategic asset for nations seeking to strengthen economic resilience in the current global landscape, according to a recent report by CoinShares. The cryptocurrency’s potential to hedge inflation, diversify sovereign portfolios, and offer protection against geopolitical instability positions it as a modern complement to gold and foreign exchange reserves.

While the US decision in 2025 to add Bitcoin to its reserves is a crucial moment, CoinShares noted that the ongoing skepticism among economists who highlight its volatility and speculative nature.

Despite this, with rising global debt, inflation, and mounting geopolitical tensions, more governments are exploring alternatives. Brazil’s RESBit proposal and Russia’s reported interest in Bitcoin reserves suggest a competitive push to secure a share of the asset’s fixed supply. With a $2 trillion market cap and growing institutional presence, Bitcoin is increasingly viewed as a credible reserve option alongside traditional holdings.

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Cryptocurrency

Shocking Amount of BTC Absorbed by Buyers During Recent Market Turmoil

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Bitcoin (BTC) has once again surged past $105,000, propelled by the easing of geopolitical tensions in the Middle East; however, an even more noteworthy story lies beneath the surface: the market has absorbed a colossal wave of profit taking without collapsing.

About 720,000 BTC, sold mainly by recent buyers since mid-April, has been met with an equally strong demand, preventing a more resounding crash despite a $66 billion surge in the Realized Cap of coins held for less than one month.

Profit-Taking Meets Fresh Demand

According to on-chain analyst Axel Adler Jr., the $66 billion increase in Realized Cap for the 0-1 month cohort since April 13 is definitive proof of large-scale profit realization by short-term holders.

While such aggressive selling pressure would typically trigger significant downside, Adler highlighted a critical counterforce: new buyers entering the market have been steadily absorbing this massive supply.

In his opinion, this offsetting has kept Bitcoin trading within a relatively narrow range in the last few weeks.

However, his UTXO Block Profit/Loss Count Ratio Model indicates the profit-taking frenzy may have subsided, dropping from an extreme 34,000 points near BTC’s all-time high in May to just 216 points today.

“Profitable sales have almost disappeared,” noted Adler, while the proportion of loss-realizing transactions has increased. The likeliest explanation is that the wave of eager sellers has largely passed, replaced by buyers accumulating at lower levels, reducing the immediate risk of a sharp crash.

Meanwhile, the global markets are experiencing a sense of relief thanks to an unexpected ceasefire between Israel and Iran. U.S. President Donald Trump confirmed a “Complete and Total” cessation of hostilities, quelling fears of a deeper conflict.

Following that, investors like Daan Crypto Trades and Michaël van de Poppe echoed cautious optimism on X, pointing out that reduced geopolitical risk could ease headline-driven volatility and help Bitcoin regain upward momentum.

What’s Next for Bitcoin?

Indeed, BTC has staged a noticeable recovery since dipping below the symbolic $100,000 mark after the U.S. unleashed airstrikes against several Iranian nuclear installations last week. As of this writing, the king cryptocurrency had climbed 3.8% in the last 24 hours to hover around $105,400 after going as high as $105,927 during the Asian trading session.

On a weekly scale, it remains slightly underwater, down about 1.1%, which is a modest underperformance compared to the broader crypto market’s 0.4% gain over the same period.

The asset also experienced a slight 1.7% dip over the last 30 days, reflecting recent liquidation cascades and historical Q3 headwinds. As analyst Benjamin Cowen previously highlighted, Bitcoin often struggles through the summer months. Past bull cycles saw steep drops of 25–35% between June and July before roaring back in late Q4.

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Nano Labs Bets $500M on Binance Coin (BNB) as Treasury

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Nano Labs, a Nasdaq-listed crypto infrastructure company, has announced a $500 million convertible note deal that it will use to acquire BNB as a strategic treasury reserve.

The Hong Kong-based firm, known for designing crypto mining chips, is targeting up to $1 billion worth of BNB, which will eventually put its holding at between 5% and 10% of the token’s entire circulating supply.

BNB Ecosystem Integration

The company’s aggressive move represents a major strategic pivot. It previously focused on Bitcoin (BTC), adopting it as a reserve asset and buying $5.5 million worth of the cryptocurrency late last year.

According to a press release, funding for the BNB accumulation will be provided through convertible notes that mature in 360 days. After that, they’ll be converted into Nano Labs shares at $20 each.

Applauding the initiative, Binance founder Changpeng Zhao clarified that none of his “affiliated entities” participated in the fundraiser, though he remains “extremely supportive.”

Nano Labs is also planning to apply for Hong Kong stablecoin licenses and has specifically mentioned building frameworks for Bitcoin and BNB.

The two developments suggest a cohesive strategy by the firm to position itself at the heart of Hong Kong’s burgeoning regulated crypto market, leveraging the recently passed Stablecoins Bill, which is set to become effective at the beginning of August.

Market Reaction

Since the announcement, Nano Labs’ stock has skyrocketed 163% in pre-market trading according to Google Finance, signaling intense investor interest.

However, the immediate impact on the price of BNB has been more measured. As of this writing, the token had seen a 3.3% increase in the 24 hours following the disclosure, to trade around $638. Nonetheless, this uptick occurred against a backdrop of recent weakness. BNB has been down 2.5% over the past seven days and 3.5% in the last month, underperforming the global crypto market, which is up a slight 0.10% weekly.

Furthermore, technical analysis prior to the news breaking indicated BNB was in a downtrend since being rejected at the $692 resistance in late May, with critical support levels at $630 and $600.

While the Nano Labs commitment provides fundamental support, BNB may still face an uphill battle to reclaim its bullish momentum and challenge its all-time high of $788.84, reached just seven months ago in December 2024.

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