The main amendments are: 

-           Instead of two separate licenses, a single license of a virtual currency service provider is introduced;

-           State fee for application increases from 345 euros to 3,300 euros;

-           A requirement for a minimum authorized capital of 12,000 euros is being introduced;

-           The legal address, the place of the actual business of the company and the place of management of the company must be in Estonia;

-           The company account must be opened with a financial institution registered in the EU or EEC (bank or payment institution);

-           The requirement for professional skills and the absence of a criminal record was supplemented by a requirement for an impeccable business reputation;