Estonia

MiCA Transition Period Ends July 1, 2026 for Estonian Crypto Firms

Finantsinspektsioon has reminded Estonian crypto asset service providers that the MiCA Regulation transition period ends on July 1, 2026. After this date, crypto asset services may only be provided in Estonia by companies with a licence from Finantsinspektsioon or the supervisory authority of another EU member state. The authority is currently processing 10 licence applications and advises that companies applying now or in coming months must include a wind-down plan with their application.

ESMA Guidelines on Crypto Company Staff Competence Requirements Under MiCA

Finantsinspektsioon has adopted ESMA's Guidelines for the criteria on the assessment of knowledge and competence under the Markets in Crypto-Assets Regulation (MiCA) as advisory guidelines. Providers of crypto asset services must ensure staff handling clients have appropriate qualifications and experience. Staff giving advice face higher knowledge requirements than those issuing information. Annual competency assessments and regular additional training are mandatory. The guidelines enter into force on 28 July 2026.

Heimondo Estonia OÜ Debt Collection Licence

Finantsinspektsioon (Estonia FI) issued a debt collection agency licence to Heimondo Estonia OÜ on 8 September 2025. The licence authorises the company to call in debts arising from credit contracts of banks and creditors, collect overdue payments, and conduct negotiations over repayment conditions with borrowers. The licence also imposes obligations on the company to manage complaints and to inform borrowers of contractual requirements and any changes to interest rates, fees, or payments.