$Crowdestate is now a regulated Estonian payment institution. With its decision (No 4.1-1/82, dated June 21, 2021), the Estonian Financial Supervision and Resolution Authority (EFSA) has granted Crowdestate a payment institution license. The payment institution license allows Crowdestate to provide its clients with all payment and e-money services, including the opening of payment accounts and fulfilling the payment instructions.

The licensing process has resulted in some changes in Crowdestate’s governance structure:

- the founder and the former CEO Mr. Loit Linnupõld has taken the position of the Chairman of the Supervisory Council;
- Mr. Kristjan Mauer, the country manager of Crowdestate Estonia, has taken the position of Group CEO;
- Mr. Robert-Mihai Butoi, the country manager of Crowdestate Romania, has taken an additional role as a member of the Group Management Board and the Group Chief Risk Officer.

An investor asked $Crowdestate ''Who has stolen the money?'' in regards to Tammelehe:

''It was managed by Mr Mihkel Roosme, who was the single person having signature rights and authorization in the bank to operate with Tammelehe accounts. We have reviewed the account statements – there are 4 persons who received unauthorised payouts: the company owned by Mihkel Roosme himself – Mercury Investments OU, then a company called Stellar OU. Significant payouts have also been made to Kristi Lillepea, the wife of Alo Lillepea. Seems to be a family business – two brothers and wife who embezzled most of the funds. Mihkel Roosme has also spent the money raised from investors to subjects clearly not related to development from other projects. He has paid some notary fees for transactions down in Latvia, there have been some car lease payments to third persons, also some payments to the lenders of some $EstateGuru loans.''

$Crowdestate is expanding to 2 new markets: Portugal and Slovakia.

On other hand they are also narrowing focus and removing business loans: "No more corporate projects – As of this year, we are no longer publishing any projects in the field of corporate finance. Due to this, Autoinvest can only be set up for real estate and mortgage loans."

Some numbers:
- $Crowdestate reached the 100 million funding goal, with a total of 332 projects being funded.
- As of April 1st, payments of 15 projects (including a total of 31 different investment opportunities) had been late, totalling EUR 11 049 827.83.

Looks like $Crowdestate is having some technical issues and giving away free money. This is an easy way how to go bankrupt if they don't fix this ASAP.