Cryptobroker Instacoins receives Estonia business license

Cryptocurrency brokerage firm Instacoins Estonia OÜ has announced that it has obtained a business license from the Estonian Financial Intelligence Unit (FIU). The company is now fully regulated by Estonian law, offering fiat currency exchange with virtual currency. It is understood that last year, Estonia strengthened its supervision of the prevention of money laundering and criminal activities related to cryptocurrencies and began issuing licenses to virtual currency service providers.