licencemap
Informational only, not legal advice. Verify with qualified counsel before acting. Full disclaimer

🇪🇪 Estonia

Former crypto-licence hub in freefall: from 641 VASP registrations at its 2021 peak to essentially one MiCA CASP.

Crypto (CASP) E-Money (EMI)
Last verified 2026-07-02 Next review 2026-07-16

Data verified: oldest cell 1 day ago (verified 2026-07-02). Individual cells show their own verification date below.

Licence type

MiCA CASP authorisation; implemented via the Crypto-Assets Market Act (Kruptovarade turu seadus, KrüTS), in force 1 July 2024.

Verified 2026-07-02 Source: Finantsinspektsioon (FI): https://www.fi.ee/en/investeerimine/investeerimisvaldkonna-tegevuslubade-taotlemine/kruptovaraturu-tegevusluba

Regulator

Finantsinspektsioon (Estonian Financial Supervision and Resolution Authority)

Verified 2026-07-02 Source: Finantsinspektsioon: https://www.fi.ee

Capital requirement 🔒

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Timeline to authorisation 🔒

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Local substance 🔒

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Application cost 🔒

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Ongoing cost 🔒

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Passporting 🔒

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MiCA CASPs approved 🔒

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Key restrictions 🔒

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Recent changes

Estonia's VASP population collapsed from 641 valid licences (mid-2021 peak) to 36 remaining by early 2026; as of recent reporting only one entity (Lightspark Payments Europe AS) had received full MiCA CASP authorisation. From 18 March 2026, CASP applications must go through FI's new application portal.

Verified 2026-07-02 Source: FinTelegram: https://fintelegram.com/mica-day-one-estonia-pulls-the-plug-on-the-old-crypto-licence-era-no-licence-no-eu-clients/

Difficulty rating 🔒

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The decision numbers for Estonia are one step away

Capital, timeline, costs, substance, passporting, restrictions and difficulty, with sources and verification dates. Deciding now? The one-off Founder Pass (£349) unlocks everything for 30 days. The free showcase jurisdiction shows you the exact format and quality first.

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Track Estonia

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Informational only, not legal advice. Entries marked as placeholder or awaiting verification must not be relied on. Confirm all requirements with Estonia's regulator and qualified local counsel before acting.