Estonia is the most digitalized nation with e-Residency and crypto licenses since 2017.
Europe · EUR
Estonia issued Europe's first crypto license and has ~11% adoption.
First European crypto license.
Stricter AML norms.
MiCA applied.
Estonia regulates crypto since 2017 with mandatory licensing. MiCA applies as EU member. Leading AML/KYC norms in Europe.
Most popular exchange.
Global exchange.
Regulated exchange.
Binance/Kraken > sign up.
KYC with Estonian ID.
SEPA EUR.
Buy crypto.
Losses deductible.
March 31
Crypto gains are taxed at 20%.
Capital gains tax
March 31
Crypto hub in Tallinn.
| Country | Users | Adoption | P2P Vol. | Status | Exchange |
|---|---|---|---|---|---|
| 🇪🇪 EstoniaYou | 150K+ | ~11% | $80M+ anual | Regulated | Binance |
| 🇪🇸 Spain | 6M+ | ~12% | $3B+ anual | Regulated | Binance |
| 🇵🇹 Portugal | 1M+ | ~10% | $1B+ anual | Regulated | Binance |
| 🇩🇪 Germany | 12M+ | ~16% | $10B+ anual | Regulated | BISON |
| 🇬🇧 United Kingdom | 12M+ | ~18% | $12B+ anual | Regulated | Coinbase UK |
| 🇫🇷 France | 8M+ | ~12% | $6B+ anual | Regulated | Coinhouse |
| 🇮🇹 Italy | 7M+ | ~12% | $5B+ anual | Regulated | Young Platform |
| 🇳🇱 Netherlands | 4M+ | ~22% | $4B+ anual | Regulated | Bitvavo |
| 🇨🇭 Switzerland | 3M+ | ~35% | $5B+ anual | Regulated | Sygnum Bank |
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Estonia vs Spain
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