The license will permit the CryptoMarket to provide services relating to purchase and sale of crypto assets in Estonia. The Exchange was subjected to an internal audit and a criminal background check as a part of the procedure. CryptoMarket, Chile’s crypto trading platform, has recently obtained a license from the Estonian Financial Intelligence Unit (FIU). The license will permit the exchange to provide services relating to the purchase and sale of crypto assets in the country. The exchange, having 150,000 users and operating in Chile, Brazil, Argentina, and Europe, had to incorporate a representative in Estonia to obtain the license. CryptoMarket was subjected to an internal audit, a criminal background check and had to prove compliance with regulations about Know Your Customer (KYC) protocols and Anti Money Laundering (AML). Last year, Estonia tightened AML regulations regarding crypto trading. Denise Valdivia, CryptoMarket’s COO, said: Obtaining both licenses was hard and complex work for CryptoMarket, but the result warrants it. Rafael Meruane, CryptoMarket’s CEO and co-founder, said: Our vision of connecting more people to a new financial system needs innovative regulatory frameworks that enhance the creation of more competitive financial services, while at the same time granting the highest security standards for users and in that context. Regulation in Europe is significantly more advanced than in our region. FX Street FX Street FXStreet is the leading independent portal dedicated to the Foreign Exchange (Forex) market. It was launched in 2000 and the portal has always been proud of their unyielding commitment to provide objective and unbiased information, to enable their users to take better and more confident decisions. View All Post By FX Street Crypto News share Read Next Gold Price Analysis: Bulls keep the baton with eyes on $1,710 FX Street 3 years The license will permit the CryptoMarket to provide services relating to purchase and sale of crypto assets in Estonia. The Exchange was subjected to an internal audit and a criminal background check as a part of the procedure. CryptoMarket, Chile’s crypto trading platform, has recently obtained a license from the Estonian Financial Intelligence Unit (FIU). The license will permit the exchange to provide services relating to the purchase and sale of crypto assets in the country. The exchange, having 150,000 users and operating in Chile, Brazil, Argentina, and Europe, had to incorporate a representative in Estonia to obtain the license.… Regulated Forex Brokers All Brokers Sponsored Brokers Broker Benefits Min Deposit Score Visit Broker 1 $100T&Cs Apply 0% Commission and No stamp DutyRegulated by US,UK & International StockCopy Successfull Traders 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 2 T&Cs Apply 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 3 Recommended Broker $100T&Cs Apply No deposit or withdrawal feesTrade major forex pairs such as EUR/USD with leverage up to 30:1 and tight spreads of 0.9 pips Low $100 minimum deposit to open a trading account 9 Visit Site FreeBets ReviewsYour capital is at risk. 4 T&Cs Apply Visit Site FreeBets ReviewsYour capital is at risk. 5 Recommended Broker $0T&Cs Apply Trade gold, silver, and platinum directly against major currenciesUp to 1:500 leverage for forex trading24/5 customer service by phone and email 9 Visit Site FreeBets ReviewsYour capital is at risk.