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Regulators in the tech-friendly nation say they’ll return to business-as-usual monitoring after money laundering fears led it to take a tough line. Original Source
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Beginning in February, Estonia is set to introduce sweeping changes to its definition of Virtual Asset Service Providers, or VASPs, to include several cryptocurrency-related services — a move that could impact Bitcoin (BTC) ownership in the country — according to European compliance specialist Sumsub.On Sept. 21, the Estonian Ministry of
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Mets said that the Estonian parliament, the Riigikogu, must pass the new regulations, which the FIU supports, and that if they win approval, crypto operators will have a time period to adopt them. He said that the regulations would help ensure that crypto operators are managing risks and also bolster
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Matis Mäeker, who was appointed head of Estonia’s anti-money laundering government agency, believes Estonia should scrap its current crypto regulations and start again, he said in an interview with the local news outlet Eesti Ekspress.Estonia has been known among crypto entrepreneurs as a friendly jurisdiction and getting a license there
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Bitbay has become a fully licensed cryptocurrency exchange in Estonia which introduced stricter rules for the industry last year. The European trading platform has recently passed an independent audit that confirmed its “solvency, security and fiscal responsibility.” Audit Examines AML and KYC Procedures at Bitbay Bitbay, a leading crypto trading platform in
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Estonia’s finance ministry is reportedly looking to enact stricter crypto licensing regulations. This comes after the authorities revoked the licenses of about two-thirds of the cryptocurrency businesses operating in the country back in 2020.According to ERR News, the Estonian Ministry of Finance issued draft legislation back in January to tighten
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CryptoX is preparing for invest: ethereum economy with a special series of newsletters focused on Ethereum’s past, present and future. Every day until the event, the team behind Blockchain Bites will dive into an aspect of Ethereum that excites or confuses them.The Top Shelf news you subscribed to is down below. Now a few words from CryptoX’s
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Eesti Pank said the initiative will gauge the suitability of the KSI Blockchain, already used within the country's e-government system, in supporting a central bank digital currency. Source
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As reported by FinSMEs Estonian startup Mercuryo.io, working on providing cryptocurrency payment processing solutions, has closed a €2.5 million funding round led by Target Global. Mercuryo.io is a
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