Estonia Clarifies Upcoming Regulations, Will Not Ban Crypto Holding or Trading
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 Rules for Crypto Service Providers The executive power in Estonia has prepared and approved draft legislation designed “to more effectively regulate virtual asset service providers....
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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 Crypto Businesses
Estonia, whose banking sector has in the past been implicated in the processing of billions for suspicious Russian clients, is now taking steps to close the loopholes that could allow Russia,....
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, Estonia is one of the least populated member states of the European Union and the Eurozone. However, the small nation has become a magnet for a large number of crypto companies....
Estonia. Estonia now has a cryptocurrency association. On Wednesday, November 5th, 2014, a group of 33 individuals and legal entities came together to create the Estonian Cryptocurrency Association or the Eesti Krüptoraha Liit in Estonian. The organization was founded with the main goals of developing cryptocurrency use in Estonia, participating in drawing up legislation, raising awareness about cryptocurrencies, and collaborating with individuals and other organizations both within Estonia and internationally. The Estonian Cryptocurrency Association aims to work in the public interest, so....
Estonian Supreme Court has ordered bitcoin trading to be regulated in the region, failing Otto de Voogd's fight to create a better bitcoin ecosystem in the region. Trading has been one of the major applications of bitcoin. The price volatility of cryptocurrencies has been exploited by day-traders across the world. As the amount of funds circulating through bitcoin trading increase, the practice is now being scrutinized by governments. In this regard, Estonia has now joined the ranks of countries that are regulating bitcoin trading. The Estonian Supreme Court has recently ordered bitcoin....
Striga is the first VASP to be approved since Estonia enacted a new legal framework restricting service providers in the bitcoin and crypto ecosystem.