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.
If your company provides professional/digital services and would like to offer a customer an opportunity to pay in cryptocurrencies, it's accepted if the relevant sales invoice is issued in euros, the collected cryptocurrencies are automatically converted to euros by a marketplace/payment gateway, and transferred to the company's bank account in euros. We cannot support sales invoices in cryptocurrencies nor the direct payments in cryptocurrencies to the company's account.
The rules about the purchases of services/products for the company's business activities follow the same logic as sales transactions.
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.