In 2020-2021, there have been major changes in Estonian legislation regarding the licensing of crypto exchange activity: an increase of the minimum authorized capital, the transfer of the company's management body to Estonia, a change in the supervisory authority, and other planned changes.
These complications and the significant overburden of the whole process started to raise questions among potential applicants to register crypto exchange companies in Europe. Moreover, the owners of existing crypto exchangers are questioning the durability of their licenses. This issue became especially acute after the announcement of the new head of the Estonian Bureau to revoke all issued licenses.
In this regard, the Law and Trust specialists conducted large research, forming and constantly maintaining a list of countries with alternative solutions for a crypto exchanger.