Crypto License in Estonia: Everything You Need to Know

Estonia has long been one of Europe’s most progressive jurisdictions for crypto - a pioneer in digital identity, blockchain innovation, and crypto regulation. But with the arrival of MiCA (Markets in Crypto-Assets Regulation), the game is changing across the entire EU.

If you’re running a crypto business in Estonia, you’ll need to transition from a VASP registration to a full CASP license to keep operating legally. Whether you're offering wallets, trading services, or crypto payments, MiCA sets the new standard - and Estonia is aligning fast.

Here’s what you need to know to get compliant.

What Is a CASP License in Estonia?

The CASP license (Crypto-Asset Service Provider license) is now required for any company offering crypto-related services in the EU. In Estonia, this means replacing your existing VASP registration with a MiCA-compliant CASP license, regulated by the Estonian Financial Intelligence Unit (FIU).

You’ll need a CASP license if your business provides services such as:

• Crypto custody or wallet services
• Trading platforms or exchanges
• Fiat-to-crypto or crypto-to-crypto transactions
• Executing orders on behalf of clients
• Crypto transfer and payment services
• Crypto-related investment advice or portfolio management

CASP License Timeline in Estonia

Estonia is moving fast - and so are the EU-wide compliance deadlines under MiCA. Here’s the key timeline:

• December 30, 2024 - MiCA officially comes into effect across the EU
• 2025 (TBD) - Final deadline to submit CASP license applications

If your company is currently registered as a VASP in Estonia, you’ll need to complete the transition to a CASP license before the grace period ends.

CASP License Requirements in Estonia

To apply for and maintain a CASP license in Estonia, you must meet strict regulatory conditions:

• Register with the Estonian Financial Intelligence Unit (FIU)
• Maintain local presence at least one board member must reside in Estonia
• Fulfill minimum capital requirements (typically €125,000-€350,000 depending on services)
• Implement strong AML/CFT policies and internal controls
• Ensure full FATF Travel Rule compliance and continuous crypto transaction monitoring

How Scorechain Helps You Stay MiCA-Compliant

Meeting Estonia’s CASP requirements doesn’t have to be a struggle. Scorechain offers everything you need to manage risk and meet EU crypto compliance - all in one place.

Automated Crypto Transaction Monitoring

Real-time risk scoring for incoming and outgoing crypto transactions, with alerts for suspicious behavior and red flags.

Travel Rule Integration

Through direct integration with Notabene and CryptoSwift, Scorechain lets you automate sender/receiver verification and secure data exchange between VASPs.

Blockchain Analytics & KYT

Monitor wallet activity across multiple chains, detect exposure to darknet markets or sanctioned entities, and generate ready-to-file reports.

Sanctions & Blacklist Monitoring

Prevent transactions with sanctioned addresses and stay ahead of global enforcement lists - including OFAC, EU, and UN data.

Scorechain is already supporting over 150 financial institutions and crypto businesses across Europe - helping them simplify MiCA compliance and move confidently through the CASP licensing process.

Whether you're just starting or deep into compliance planning, we're here to help.

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