Estonia will introduce Electronic citizenship

Noam Stiekema

Estonia will become the first country in the world to introduce Electronic citizenship. At the price of 50 Euro the Estonian citizens will have access to digital services in the country, as well as the ability to sign electronic documents, which will include access to services such as online banking, education and healthcare. According to […]

Estonia

EstoniaEstonia will become the first country in the world to introduce Electronic citizenship. At the price of 50 Euro the Estonian citizens will have access to digital services in the country, as well as the ability to sign electronic documents, which will include access to services such as online banking, education and healthcare. According to the laws of the European Union (EU) the electronic signatures of the “virtual” Estonian citizens will be treated equally with handwritten signatures. Using them Estonia will provide e-citizenship of natural and legal persons in the country, as well as those who want to do business, but do not want to change their place of residence.

The move is part of the so-called. “electronic initiatives” of the Estonian authorities, which are the result of collaboration between the government and the information and communication sector. The initiative aims to make Estonia one of the most progressive countries in the world. However, the Estonian government stated that e-citizenship does not guarantee the issue of the citizenship of the country. Anyone wishing to receive e-citizenship, must personally come to the Estonian Border Guard Service, which issues permits. The decision takes up to two weeks, after which the new “virtual” Estonian citizen must re-visit the border authorities to take their e-card.

This document is not an ordinary passport. It does not have a photo of the owner and microchip with integrated safety certificate and two-factor system reliability. According to the Estonian government protection “allows you to use the card using a specially installed software and reader that connects to a computer via USB”. It is expected that the authorities in Tallinn to start producing cards for e-citizenship by the end of this year.

Read this next

Crypto Insider

Gate.io lists DeFiChain’s DFI token amid growing popularity

Bitcoin-based DeFi platform DeFiChain announced the listing of its native DFI token on Gate.io, one of the world’s leading cryptocurrency exchanges.

Digital Assets

Binance in discussions with Japan regulators to relaunch operations

Binance, the world’s largest crypto exchange by traded volume, is reportedly seeking a license to operate in Japan after its exit from the country four years ago.

Digital Assets

OKX Chain integrates .crypto domains to simplify wallet transactions

Unstoppable Domains, a company building Blockchain domain names, has entered a partnership with EVM and IBC compatible chain OKC (OKX Chain). This collaboration will grant OKC’s users the ability to simplify deposits and withdrawals within the regulated fiat-focused crypto-asset exchange.

Retail FX, Technology

MetaTrader’s iOS issue opens brokers’ eyes to other trading platforms

In a surprising (or-not-so-surprising) move, Apple has removed MetaTrader 4 and MetaTrader 5 from its App Store in a huge blow for the leading FX trading platform provider.

Retail FX

Pepperstone adds Capitalise.ai analytics and automated trading tools free of charge

“We look forward to bringing significant value to Pepperstone traders and making a real, positive impact in their daily trading habits. We are excited to welcome them on board.”

Retail FX

FP Markets wins Best Global Value Broker for 4th consecutive year at the 2022 Global Forex Awards

“We greatly appreciate the continued international recognition as at FP Markets we pride ourselves on these attributes and these prestigious awards are testament to the hard work from our global team to always provide our clients with the ultimate trading experience.”

Inside View

How to Engage Your Customer at Every Stage of Their Journey

As many as 89% of successful businesses say that providing assistive customer experiences is critical to their growth. That’s because a mere 5% increase in customer retention can boost profits by 25% to 95%.

Industry News

CFTC fines Chinese firms Chinatex and COFCO $720,000 for wash trading

Chinatex traders engaged in wash trading in order to liquidate a long position in the account of an affiliated company and re-establish the position in its own account, to the ultimate benefit of its parent company, COFCO.

Industry News

US-based operation of Brazilian broker XP fined $500,000 for recordkeeping failures

“Proper recordkeeping is vital to protecting our markets and market participants from fraud and manipulation. This case serves as another example of the Commission’s intent to vigorously enforce the recordkeeping obligations of its registrants.”

<