Fintech Regulation in Estonia

In: Marco Cian, Claudia Sandei (Eds.), Diritto del Fintech, Wolters Kluwer Italia 2020, 623−643

23 Pages Posted: 22 Oct 2020

See all articles by Nikita Divissenko

Nikita Divissenko

European University Institute - Department of Law (LAW)

Helen Eenmaa

University of Tartu School of Law

Date Written: December 12, 2019

Abstract

Our analysis focuses on Estonian Fintech companies with particular interest in the reciprocal effects of Fintechs and the regulatory environment in which they operate. To this end, we give an overview of the legal implications and foundations of regulated and unregulated larger categories of activities in this paper, distinguishing between transactional banking (primarily payment interfaces and infrastructure) and alternative financing and investment (novel lending and capital raising and borrowing/investment options). We discuss the unregulated Fintech activities and the ‘market support’ services to the extent that they are connected to the two wider categories of financial services listed above.

Keywords: Fintech, Estonia, regulation, law

Suggested Citation

Divissenko, Nikita and Eenmaa, Helen, Fintech Regulation in Estonia (December 12, 2019). In: Marco Cian, Claudia Sandei (Eds.), Diritto del Fintech, Wolters Kluwer Italia 2020, 623−643, Available at SSRN: https://ssrn.com/abstract=3575435

Nikita Divissenko

European University Institute - Department of Law (LAW) ( email )

Via Bolognese 156 (Villa Salviati)
50-139 Firenze
ITALY

Helen Eenmaa (Contact Author)

University of Tartu School of Law ( email )

Näituse 20
Tartu, 50409
Estonia

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