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From: "Nunnari Basilio" <basilio.nunnari2@finma.ch>
To: "RAB rahapesu" <info@fiu.ee>
Cc: "Huber Adriano" <adriano.huber@finma.ch>,
	"Scheidegger Margrit" <Margrit.Scheidegger@finma.ch>
Subject: International Assistance - Estonian law 
Date: Wed, 17 Jan 2024 09:48:40 +0200
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Dear Madam,
Dear Sir,

We were referred by the Finantsinspektsioon of Estland (FI) to your authori=
ty in order to obtain information on Estonian law regarding specific questi=
ons.

The Swiss Financial Market Supervisory Authority (FINMA) is responsible for=
 the supervision of financial markets in Switzerland, which includes banks,=
 insurance companies, investment funds, stock exchanges and securities firm=
s, as well as other financial intermediaries. In this framework we would li=
ke to organize a call in order to understand some aspects of the Estonian l=
aw.

In general terms, we are interested in getting a better understanding of th=
e legal requirements that a company active in the financial market must com=
ply with to obtain a certain license in Estonia. It would be of great value=
 to us to be able to talk with you about the requirements and consequences =
of a license of the type "Financial services, Providing a virtual currency =
service" according to Estonian law. Specifically, what are the legal requir=
ements for such a license, how is a company that obtains this type of licen=
se supervised and how are client's funds handled in case of bankruptcy of t=
he company.

Therefore, we kindly ask you if it would be possible to arrange a call on o=
ne of the following days :

January 22, 2024 : between 10.00 and 12.00 (CET) / 11:00 and 13:00 (EET)
January 23, 2024 : between 11.00 and 12.00 (CET) / 12:00 and 13:00 (EET)
January 24, 2024 : between 10:00 and 12:00 (CET) / 11:00 and 13:00 (EET)

We look forward to hearing from you.

Kind regards


Adriano Huber                                                              =
          Basilio Nunnari
Enforcement

Eidgen=F6ssische Finanzmarktaufsicht FINMA
Autorit=E9 f=E9d=E9rale de surveillance des march=E9s financiers FINMA
Autorit=E0 federale di vigilanza sui mercati finanziari FINMA
Swiss Financial Market Supervisory Authority FINMA

Laupenstrasse 27, CH-3003 Bern
Tel. +41 (0)31 327 93 21
Fax +41 (0)31 327 91 01


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<p class=3D"MsoNormal"><span lang=3D"EN-US" style=3D"font-size:10.0pt;font-=
family:&quot;Arial&quot;,sans-serif">Dear Madam,<o:p></o:p></span></p>
<p class=3D"MsoNormal"><span lang=3D"EN-US" style=3D"font-size:10.0pt;font-=
family:&quot;Arial&quot;,sans-serif">Dear Sir,<o:p></o:p></span></p>
<p class=3D"MsoNormal"><span lang=3D"EN-US" style=3D"font-size:10.0pt;font-=
family:&quot;Arial&quot;,sans-serif"><o:p>&nbsp;</o:p></span></p>
<p class=3D"MsoNormal"><span lang=3D"EN-US" style=3D"font-size:10.0pt;font-=
family:&quot;Arial&quot;,sans-serif">We were referred by the
<i>Finantsinspektsioon of Estland</i> (FI) to your authority in order to ob=
tain information on Estonian law regarding specific questions.<o:p></o:p></=
span></p>
<p class=3D"MsoNormal"><span lang=3D"EN-US" style=3D"font-size:10.0pt;font-=
family:&quot;Arial&quot;,sans-serif"><o:p>&nbsp;</o:p></span></p>
<p class=3D"MsoNormal"><span lang=3D"EN-US" style=3D"font-size:10.0pt;font-=
family:&quot;Arial&quot;,sans-serif">The Swiss Financial Market Supervisory=
 Authority (FINMA) is responsible for the supervision of financial markets =
in Switzerland, which includes banks, insurance
 companies, investment funds, stock exchanges and securities firms, as well=
 as other financial intermediaries. In this framework we would like to orga=
nize a call in order to understand some aspects of the Estonian law.<o:p></=
o:p></span></p>
<p class=3D"MsoNormal"><span lang=3D"EN-US" style=3D"font-size:10.0pt;font-=
family:&quot;Arial&quot;,sans-serif"><o:p>&nbsp;</o:p></span></p>
<p class=3D"MsoNormal"><span lang=3D"EN-US" style=3D"font-size:10.0pt;font-=
family:&quot;Arial&quot;,sans-serif">In general terms, we are interested in=
 getting a better understanding of the legal requirements that a company ac=
tive in the financial market must comply with to
 obtain a certain license in Estonia. It would be of great value to us to b=
e able to talk with you about the requirements and consequences of a licens=
e of the type &quot;<i>Financial services, Providing a virtual currency ser=
vice</i>&quot; according to Estonian law.
 Specifically, what are the legal requirements for such a license, how is a=
 company that obtains this type of license supervised and how are client's =
funds handled in case of bankruptcy of the company.<o:p></o:p></span></p>
<p class=3D"MsoNormal"><span lang=3D"EN-US" style=3D"font-size:10.0pt;font-=
family:&quot;Arial&quot;,sans-serif"><o:p>&nbsp;</o:p></span></p>
<p class=3D"MsoNormal"><span lang=3D"EN-US" style=3D"font-size:10.0pt;font-=
family:&quot;Arial&quot;,sans-serif">Therefore, we kindly ask you if it wou=
ld be possible to arrange a call on one of the following days :&nbsp;
<o:p></o:p></span></p>
<p class=3D"MsoNormal"><span lang=3D"EN-US" style=3D"font-size:10.0pt;font-=
family:&quot;Arial&quot;,sans-serif"><o:p>&nbsp;</o:p></span></p>
<p class=3D"MsoNormal" style=3D"text-indent:35.4pt"><span lang=3D"EN-US" st=
yle=3D"font-size:10.0pt;font-family:&quot;Arial&quot;,sans-serif">January 2=
2, 2024 : between 10.00 and 12.00 (CET) / 11:00 and 13:00 (EET)<o:p></o:p><=
/span></p>
<p class=3D"MsoNormal" style=3D"text-indent:35.4pt"><span lang=3D"EN-US" st=
yle=3D"font-size:10.0pt;font-family:&quot;Arial&quot;,sans-serif">January 2=
3, 2024 : between 11.00 and 12.00 (CET) / 12:00 and 13:00 (EET)<o:p></o:p><=
/span></p>
<p class=3D"MsoNormal" style=3D"text-indent:35.4pt"><span lang=3D"EN-US" st=
yle=3D"font-size:10.0pt;font-family:&quot;Arial&quot;,sans-serif">January 2=
4, 2024 : between 10:00 and 12:00 (CET) / 11:00 and 13:00 (EET)<o:p></o:p><=
/span></p>
<p class=3D"MsoNormal"><span lang=3D"EN-US" style=3D"font-size:10.0pt;font-=
family:&quot;Arial&quot;,sans-serif"><o:p>&nbsp;</o:p></span></p>
<p class=3D"MsoNormal"><span lang=3D"EN-US" style=3D"font-size:10.0pt;font-=
family:&quot;Arial&quot;,sans-serif">We look forward to hearing from you.<o=
:p></o:p></span></p>
<p class=3D"MsoNormal"><span lang=3D"EN-US" style=3D"font-size:10.0pt;font-=
family:&quot;Arial&quot;,sans-serif"><o:p>&nbsp;</o:p></span></p>
<p class=3D"MsoNormal"><span lang=3D"EN-US" style=3D"font-size:10.0pt;font-=
family:&quot;Arial&quot;,sans-serif">Kind regards<o:p></o:p></span></p>
<p class=3D"MsoNormal"><span lang=3D"EN-US" style=3D"font-size:10.0pt;font-=
family:&quot;Arial&quot;,sans-serif"><o:p>&nbsp;</o:p></span></p>
<p class=3D"MsoNormal"><span lang=3D"EN-US" style=3D"font-size:10.0pt;font-=
family:&quot;Arial&quot;,sans-serif"><o:p>&nbsp;</o:p></span></p>
<p class=3D"MsoNormal"><b><span lang=3D"EN-US" style=3D"font-size:10.0pt;fo=
nt-family:&quot;Arial&quot;,sans-serif;mso-fareast-language:FR-CH">Adriano =
Huber&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbs=
p;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&=
nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbs=
p;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&=
nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbs=
p;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Basilio Nunnari<o:=
p></o:p></span></b></p>
<p class=3D"MsoNormal"><span lang=3D"EN-US" style=3D"font-size:10.0pt;font-=
family:&quot;Arial&quot;,sans-serif;mso-fareast-language:FR-CH">Enforcement=
<o:p></o:p></span></p>
<p class=3D"MsoNormal"><span lang=3D"EN-US" style=3D"font-size:10.0pt;font-=
family:&quot;Arial&quot;,sans-serif;mso-fareast-language:FR-CH"><o:p>&nbsp;=
</o:p></span></p>
<p class=3D"MsoNormal"><span lang=3D"EN-US" style=3D"font-size:10.0pt;font-=
family:&quot;Arial&quot;,sans-serif;mso-fareast-language:DE-CH">Eidgen=F6ss=
ische Finanzmarktaufsicht FINMA<o:p></o:p></span></p>
<p class=3D"MsoNormal"><span style=3D"font-size:10.0pt;font-family:&quot;Ar=
ial&quot;,sans-serif;mso-fareast-language:DE-CH">Autorit=E9 f=E9d=E9rale de=
 surveillance des march=E9s financiers FINMA<o:p></o:p></span></p>
<p class=3D"MsoNormal"><span lang=3D"IT-CH" style=3D"font-size:10.0pt;font-=
family:&quot;Arial&quot;,sans-serif;mso-fareast-language:DE-CH">Autorit=E0 =
federale di vigilanza sui mercati finanziari FINMA<o:p></o:p></span></p>
<p class=3D"MsoNormal"><span lang=3D"EN-US" style=3D"font-size:10.0pt;font-=
family:&quot;Arial&quot;,sans-serif;mso-fareast-language:DE-CH">Swiss Finan=
cial Market Supervisory Authority FINMA<o:p></o:p></span></p>
<p class=3D"MsoNormal"><span lang=3D"EN-US" style=3D"font-size:10.0pt;font-=
family:&quot;Arial&quot;,sans-serif;mso-fareast-language:DE-CH"><o:p>&nbsp;=
</o:p></span></p>
<p class=3D"MsoNormal"><span lang=3D"DE-CH" style=3D"font-size:10.0pt;font-=
family:&quot;Arial&quot;,sans-serif;mso-fareast-language:DE-CH">Laupenstras=
se 27, CH-3003 Bern<o:p></o:p></span></p>
<p class=3D"MsoNormal"><span lang=3D"DE-CH" style=3D"font-size:10.0pt;font-=
family:&quot;Arial&quot;,sans-serif;mso-fareast-language:DE-CH">Tel. &#43;4=
1 (0)31 327 93 21</span><span lang=3D"DE-CH" style=3D"font-size:10.0pt;font=
-family:&quot;Arial&quot;,sans-serif;mso-fareast-language:FR-CH"><o:p></o:p=
></span></p>
<p class=3D"MsoNormal"><span lang=3D"DE-CH" style=3D"font-size:10.0pt;font-=
family:&quot;Arial&quot;,sans-serif;mso-fareast-language:DE-CH">Fax &#43;41=
 (0)31 327 91 01<o:p></o:p></span></p>
<p class=3D"MsoNormal"><span lang=3D"DE-CH"><o:p>&nbsp;</o:p></span></p>
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