The Yield App platform and website are operated by YieldApp OÜ and Yield App Limited.
YieldApp OÜ is licensed as a “Provider of Virtual Currency”, License No. FVT000427, issued by the Estonian Financial Intelligence Unit (FIU).
The Virtual Currency License has two sub-categories of permitted regulated activities, as set out below:
- Provision of service for the exchanging of virtual currency against a fiat currency, including exchange of fiat to crypto, crypto to fiat and crypto to crypto.
- Provision of a virtual currency wallet service where private keys are generated for clients, and clients’ encrypted keys are kept under custody by the licensee for the purpose of keeping, storing and transferring virtual currencies.
Regulations enabling the use of and exchange of digital assets in various jurisdictions are currently undeveloped or underdeveloped and are evolving rapidly.
Yield App is working to a licensing roadmap and is currently engaged with several regulators in multiple tier 1 & tier 2 jurisdictions, including license applications currently under review to continue adding relevant protections to our users across the different business activities, products and services that we provide.