arrow-left<\/title><\/path><\/svg>\t\t\t<\/span>\n\t\t\t\t\t\t\t\t\tBack to blogs<\/span>\n\t\t\t\t\t<\/span>\n\t\t\t\t\t<\/a>\n\t\t\t\t<\/div>\n\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t
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\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t $\"VASP$ \t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t
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Striga: The first VASP licensed under Estonia's new Money Laundering and Terrorist Financing Prevention Act<\/h1>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t
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Striga: The first VASP licensed under Estonia's new Money Laundering and Terrorist Financing Prevention Act<\/h1>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t
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\n\t\t\t\t\t\t\t\t\t\t\t\t\t\n\t\t\t\t\t\t\t\t\t\tStriga\t\t\t\t\t<\/span>\n\t\t\t\t\t\t\t\t<\/li>\n\t\t\t\t
\n\t\t\t\t\t\t\t\t\t\t\t\t\t\n\t\t\t\t\t\t\t\t\t\tseptembre 26, 2022<\/time>\t\t\t\t\t<\/span>\n\t\t\t\t\t\t\t\t<\/li>\n\t\t\t\t
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\n\t\t\t\tTable of Contents\t\t\t<\/h2>\n\t\t\t\t\t\t\t

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Striga is the first company in Estonia to be awarded a license under a new Estonian legal regime earlier this year.<\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t
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Building a compliant European Crypto Business<\/h2>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t
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Striga has given the authorization to operate on Sept. 20, the Estonian financial intelligence unit (FIU), an anti-money laundering enforcer, said in a\u00a0statement dated Wednesday<\/span><\/a>. Striga, the crypto and banking infrastructure, is now registered under an anti-money laundering law that seeks to clamp down on a previously liberal regime for regulating crypto firms.<\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t
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The current state of crypto bank cards
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Striga\u00a0<\/span><\/a>is betting on the new Estonian regulation as a seal of prestige and quality. Now on the verge of going live with a crypto banking-as-a-service platform, the growing company is focusing its resources on serving the crypto and fintech sectors. It will provide the infrastructure they need to launch comprehensive fiat & crypto banking solutions.<\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t
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Estonia\u2019s cutting-edge regulatory framework
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Estonia\u2019s journey towards being labeled the \u201cincoming Silicon Valley of Europe\u201d arguably started with Skype\u2019s creation in 2003. By 2005 it had become a unicorn and provided the spark, but only recently have things ramped up. Since 2020, 6 unicorns have emerged, for a total of <\/span>10 overall<\/span><\/a>.\u00a0<\/span><\/p>
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The nascent crypto industry took note: startup-friendly European country, digital business ecosystem, and receptive regulation towards digital assets? Estonia looked like a blessing. Hence, over the last lustrum, hundreds of crypto companies were established.\u00a0<\/span><\/p>
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As expected, the Financial Intelligence Unit eventually saw the underlying risk of being too open to virtual asset companies. Thus, they passed a rigorous set of new regulations in March 2022\u00a0 to cull the crypto ecosystem, purge non-compliant companies, and empower fair players.<\/span><\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t
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Striga Crypto-native Banking as a Service:<\/h1>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t
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Your path to building and launching financial products<\/h2>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t
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Join the <\/span>financial businesses<\/span> that use Striga’s cloud platform<\/span> to delight their customers and launch their own products without the complexities that come when dealing with<\/span> core banking solutions\u2019 <\/span>relationships, licensing, compliance and payments methods.<\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t
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The current state of crypto bank cards<\/h2>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t

Estonia\u2019s cutting-edge regulatory framework<\/h2>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t