CoinsPaid

Overview

CoinsPaid is a company based in Estonia, operating within the Business Services sector, specifically focusing on custom software and IT services, as well as financial services. Founded in 2014, the company employs between 51 and 200 individuals and reported revenue of approximately $10.27 million. CoinsPaid specializes in providing solutions for businesses looking to integrate cryptocurrency into their operations. Their published document, a comprehensive guide and checklist, outlines essential steps for businesses to achieve full compliance when accepting cryptocurrencies. This includes defining use cases, understanding payment flows, mapping actors involved in transactions, and ensuring adherence to local regulations. The guide emphasizes the importance of establishing an Anti-Money Laundering (AML) and Know Your Customer (KYC) framework, including necessary documentation and verification processes. Additionally, it covers aspects such as bookkeeping for digital assets, tax reporting, and integration planning for various business models. CoinsPaid's expertise appears to center around facilitating the seamless adoption of cryptocurrency in business environments while ensuring compliance with regulatory requirements.

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