Nearly 400 Crypto Firms Lose Their Estonian Licenses Under New Rules

May 11, 2023 Bitcoin.com

ACT

The majority of crypto companies attracted by the once favorable Estonian regulations have either abandoned or lost their licenses. According to the latest numbers released by the Baltic nation’s anti-money laundering bureau, only 100 businesses are currently authorized to provide digital-asset services. Most Estonian Licenses for Provision of Crypto-Related Services Expire A total of 389 […]

Bitcoin Flashes Potentially Bullish Indicator Amid Crypto Market Downtick, According to Analytics Firm Santiment

Estonia, US Arrest 2 Suspects in $575 Million Crypto Fraud Scheme

November 23, 2022 Bitcoin.com

Estonia, US Arrest 2 Suspects in 5 Million Crypto Fraud Scheme

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Law enforcement officers from Estonia and the United States have arrested two men for allegedly committing a large-scale cryptocurrency fraud. The Estonian nationals, who ran a crypto mining service and a fake virtual currency bank, laundered their proceeds, spent on cars and real estate, and donated to a politician. Estonian Police, FBI Detain 2 Crypto […]

Bitcoin Flashes Potentially Bullish Indicator Amid Crypto Market Downtick, According to Analytics Firm Santiment

Upcoming AML Regulations in Estonia to Affect Cryptocurrency Industry

March 12, 2022 Bitcoin.com

ACT

Estonia is preparing to enforce a set of new anti-money laundering rules that will stiffen requirements for crypto companies operating under Estonian license. The changes come amid concerns that Russia may use crypto to evade western sanctions and an ongoing audit of the Baltic nation’s AML policies. Government of Estonia Creates Stricter Regulatory Environment for […]

Bitcoin Flashes Potentially Bullish Indicator Amid Crypto Market Downtick, According to Analytics Firm Santiment

Estonia Clarifies Upcoming Regulations, Will Not Ban Crypto Holding or Trading

January 4, 2022 Bitcoin.com

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The government of Estonia has approved legislation tailored to improve oversight of its crypto sector which expanded rapidly due to favorable regulations and business climate. The new law, which is yet to be adopted, will introduce stricter requirements for service providers without preventing their clients from owning or exchanging cryptocurrencies. Authorities in Tallinn Draft Stricter […]

Bitcoin Flashes Potentially Bullish Indicator Amid Crypto Market Downtick, According to Analytics Firm Santiment

Estonia Considers Revoking Crypto Licenses as Government Mulls Tougher Regulations

October 16, 2021 Bitcoin.com

AML

Authorities in Estonia are working on new legislation expected to stiffen the rules for the country’s cryptocurrency sector. The Baltic nation’s regulator for the industry is considering whether to revoke previously issued crypto licenses and restart authorization from scratch. Licensed Crypto Companies Register Millions in Turnover, Estonia Gets Little With only around 1.3 million people, […]

Bitcoin Flashes Potentially Bullish Indicator Amid Crypto Market Downtick, According to Analytics Firm Santiment

Crypto Exchange Bitbay Passes Audit Under Estonia’s Tougher New Regulations

October 1, 2021 Bitcoin.com

AML

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 Europe, is now […]

Bitcoin Flashes Potentially Bullish Indicator Amid Crypto Market Downtick, According to Analytics Firm Santiment

Digital Euro to Handle ‘Almost Unlimited’ Payments, Estonian Central Bank Says After Test

July 28, 2021 Bitcoin.com

bitcoin.com

A blockchain-based digital euro would be highly scalable allowing it to process an almost unlimited number of payments, the central bank of Estonia has concluded following a recent experiment. Central banks from several euro area countries and the ECB participated in the test, which also professed to show the digital currency’s carbon footprint would be […]

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