Which limitations do I have with cryptocurrencies?

Last updated: May 26, 2021

Currently, Xolo takes the following view on our customers' business transactions with cryptocurrencies:

  • If your company has earned some profit from providing professional or digital services (i.e. the core business) and would like to invest the spare resources to cryptocurrencies (buying-selling cryptocurrencies), it's accepted. However, if buying-selling cryptocurrencies becomes the core business of the company, we cannot support it anymore, since it requires an activity license in Estonia.

  • You cannot collect your sales revenue or pay for services/products in cryptocurrency.

  • If your company wants to use its resources to mine a cryptocurrency, we don't support it.

  • If your company wants to initiate a (public) offering of tokens (ICO) or accept donations, we don't support it.

  • If your company wants to provide a virtual currency exchange service or a wallet service, or become a trading hub/payment gateway itself, we don't support it.

Before you start investing, please make sure your bank supports payments related to purchasing cryptocurrencies.

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