Birake exchange hits a major milestone receiving the license for cryptocurrency trading by Estonia’s Financial Intelligence unit (FIU)
. The license ensures full regulatory compliance and provides security to traders.
Estonia has been known to be one of the earliest adopters of blockchain technology and has had positive attitude towards cryptocurrencies. The regulations, high-quality legal framework and tax laws has proven to be quite favourable for the startups in Estonia. The nation even announced the launch of its own state-sponsored crypto token named Estcoin in December 2017.
Seeing all the aspects and approach of Estonia towards blockchain technology and cryptocurrency, Birake decided to apply for Estonian license and have succeeded in receiving the same.
The registry code and license data can be seen and verified here:https://mtr.mkm.ee/juriidiline_isik/243664