Regulator: Estonian Financial Supervisory Authority (FSA)
Estonia's Crypto Asset Market Act, effective since 1 July 2024, works alongside MiCAR to require licensing for all Crypto Asset Service Providers (CASPs), issuers, exchanges, wallet services, custodians, and more. Old licenses under the MLTFPA remain valid until 1 July 2026; thereafter, only FSA-issued licenses are recognized. There are strict requirements around licensing, governance, capital reserves, AML/KYC, and customer protection.
