Striga Technology OÜ was licensed as a virtual asset service provider

21.09.2022 | 14:36

On 20 September 2022, the Estonian Financial Intelligence Unit (FIU) issued a license No FVT000546 for virtual asset service providing to Striga Technology OÜ (registry code 16298772).

The management board member of the company is Prashanth Balasubramanian. The company is owned subsidiary of Lastbit Inc., a US technology company.

Striga Technology OÜ is the first entrepreneur, who is authorized for the first time to provide a virtual currency service since the amendments of the Money Laundering and Terrorist Financing Prevention Act entered into force on 15 March 2022.

As of 21 September 2022 there were 177 valid licenses for virtual asset service providing issued by the FIU.

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