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What is the state of security tokens in Estonia?

Estonia was among the first EU members to legalize crypto activities. The country already approved over 900 crypto licenses since changing regulations last year. Those licensed include a variety of crypto businesses such as exchanges, startups, and blockchain tech firms. Around 400 of the licenses issued belonged to crypto wallet providers according to recent reports.

Estonia managed to go from the poorest country in the EU to a thriving economy through a combination of factors. Tax incentives, a friendly business environment, and easy licensing procedures all contributed to the country’s rise in the blockchain sector. Today, Estonia is one of the most STO friendly countries in the world.

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