The Estonian law recognizes the exchange of cryptocurrency as a legal economic activity In accordance with the decision of the Supreme Court of Estonia No. 3-3-1-75-15 of 11 April 2016, Cryptocurrencies can be sold in Estonia, both in the form of the
exchange of traditional (fiat) currencies in cryptocurrencies, and vice versa. Transfer of cryptocurrency is recognized as economic activity for Provider of alternative means of payment. Thus, the cryptocurrency is recognized
as an alternative payment method, and Provider of alternative means of payment can operate with cryptocurrencies.