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TGS Baltic Helps Cryptus Obtain Virtual Currency Handling Authorization

TGS Baltic Helps Cryptus Obtain Virtual Currency Handling Authorization

Estonia
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TGS Baltic has assisted Cryptus in obtaining virtual currency handling authorization from Estonia's Financial Intelligence Unit to provide services exchanging a virtual currency against a flat currency as well as virtual currency wallet services.

Cryptus is a fintech firm affiliated to a banking sector IT vendor. The acquisition of these authorizations has, according to TGS Baltic, "been a crucial step in launching a new line of innovative services based on novel technological solutions, including distributed ledger technology."

The Estonian Financial Intelligence Unit is an independent structural unit of the Estonian Police and Border Guard Board that analyses and verifies information about suspicions of money laundering.

The TGS team was led by Partner Marko Kairjak and included Associates Nikita Divissenko and Sille Rastas.

 

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