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

Digital Assets

SEC bypassed commission vote in approving Ethereum ETFs

The Securities and Exchange Commission’s (SEC) Trading and Markets Division has approved several spot Ethereum exchange-traded funds (ETFs) using delegated authority, rather than a vote by the full commission.

blockdag

BlockDAG Presale Draws Massive $32.4M Hinting At its 30,000x ROI Potential, Overshadowing Retik Finance at Bitmart

Learn why BlockDAG’s innovative strategies and $32.4M presale success are making millionaires, overshadowing Retik Finance’s struggle on Bitmart.

Institutional FX

Malaysia’s exchange launches API for onboarding retail investors

“The Exchange actively listens to the evolving needs of our customers. This initiative is key in delivering on our commitment towards greater customer-centricity. We will continue to work closely with our POs and introduce service innovations to attract more investors, bolstering the competitiveness of our market.”

Fintech, Uncategorized

LiquidityBook welcomes JonesTrading to LBX Post-Trade Hub

“As we near the T+1 deadline, we are excited to continue helping firms achieve straight-through processing in addition to delivering new enhancements to our comprehensive range of cloud-native buy- and sell-side trading solutions.”

blockdag

Should I Invest Today? Which Altcoins Could Make 2-5X Profits Amid the Latest News?

Investing in cryptocurrencies can be a journey full of surprises, given their volatile nature.

Executive Moves

Bakkt promotes Ray Kamrath to CCO of Crypto

Bakkt has promoted Ray Kamrath to Chief Commercial Officer of the company providing custody, trading, and onramps to the crypto space.

Industry News, Uncategorized

HSBC relocates US headquarters to The Spiral, New York

HSBC has opened its new U.S. headquarters at The Spiral, a renowned office building in New York City’s Hudson Yards neighborhood.

blockdag

Best Cryptos to Buy Before the Real Bull Run Kicks Off

With the bull run of 2024 already underway, investors are eager to identify cryptocurrencies that promise significant growth.

Market News

This time is different – is it?

The stock market wants lower interest rates – or rather, it has been expecting them for months. Justified? The US economy looks very robust, so higher interest rates would actually be the order of the day.

<