Donald Thompson
COINOVY is a digital banking program that allows you to transfer, receive, swap, earn, and borrow digital assets from an unlimited number of wallets (All-In-One Wallet System). The technology, exchangeability, wallet solution, and, finally, crypto to fiat are the four pillars of strength. COINOVY will also provide a Debit Card powered by Visa for simplicity of transactions and liquidity, assuring the highest level of security by working with BitGo, and assisting small businesses with the function of Token to Crypto.
COINOVY intends to effectively reach other regions, bringing along our strength as a secure, quick, and simple crypto solution suited for everybody, in addition to forming collaborations and strengthening relationships with corporations and organizations.
It all debuted in Estonia, although they did explore a range of crypto-regulated countries. However, due to rules, laws, and restrictions, COINOVY decided to start with Estonia.
Why COINOVY started with Estonia? The answer is simple because
Estonia has one of the most significant rates of startups per capita in Europe. It’s a startup’s heaven.
The Estonian people are imaginative and entrepreneurial, and the government supports technology and small businesses. Below are some reasons why Estonia was the best place to start COINOVY
- e-Services and ease of doing business
Estonia is often referred to as the world’s most digitally advanced country. You can do practically everything you need to manage your business online, and it’s as simple as it gets. Do you need to sign some paperwork? Do it on the internet! Do you need to register your company? Fill out an online form! You name it, and it’s available on the internet! The most recent entrepreneur-friendly development is opening a bank account without physically visiting the bank or being present in Estonia.
According to the International Tax Competitiveness Index, Estonia has had the most competitive taxation system in the developed world for the last 4-5 years adds to the country’s excellent business environment. The low corporation tax rate of 21%, with no double taxation on dividend income, is one of the main reasons for our superb ranking.
- People and community
Although Estonia is a small country in terms of population, its startup community is significant in every manner and extremely close-knit. Many startups may indicate fierce rivalry, but this is not the case in Estonia. If you’re a dedicated startup, you’ll be accepted into the community fast, and you won’t have to worry about the language barrier because most Estonians are fluent in English.
- Affordable and developed living environment
Estonia has an excellent quality of life while still relatively affordable: moving to Tallinn will almost certainly lower your daily living costs. Moreover, according to the OECD index, Estonia is above average in education and skills, environmental quality, social ties, and work-life balance.
COINOVY began to grow in Estonia for a variety of causes, including those indicated above. When the COINVOY was regulated, it was much easier for them to obey the rules.
In Estonia, cryptocurrency exchanges and all sorts of blockchains and their technologies are legal. COINOVY received a rapid green light because it was a regulated country, and it turned out to be one of the best decisions COINOVY has ever made to start with Estonia.
Being established well in Estonia, Coinovy is also governed by the Estonian Financial Intelligence Unit (FIU), where the core function of an FIU is the receipt, analysis and transmitting of reports of suspicions identified and filed by the private sector. This is another step taken by Coinovy to prove the business model is legit and runs with regulations, and a genuine operating business.
