The Information System Authority of the Republic of Estonia consistently points out that cyber-attacks happen every day. We hear more and more about cases where cybercriminals have been successful.
Starting from 10.03.2020, virtual currency service providers are treated as ‘Financial Institutions’ in Estonia and are obliged to the same AML/KYC requirements as financial institutions.
 Virtual Currency Service provider includes virtual currency wallet services providers and virtual currency exchange service providers.
NJORD Advokaadibüroo is taking part in the Garage48 Cyber Security Online Hackathon 2020, which is taking place from the 23rd to the 25th of October.
Under the current law, all share transactions of
private limited companies (OÜ or osaühing in Estonian) must be notarized
in case the shares are not registered with the Estonian Securities Register.
This is the case with 97% of all companies’ shares in Estonia.