Crypto scammers plague Estonia’s e-residency program
Local authorities hope that tackling the issue will restore trust in the e-residency program. The e-residency program of Estonia is now under the local regulator’s radar as foreigners registered as e-residents of the Baltic nation are being linked to cryptocurrency frauds. The local police’s Financial Intelligence Unit has discovered that overseas companies owned by e-residents of Estonia have been involved in multiple large-scale exit scams.Regulators also suspect that Estonian firms and e-residents were involved in organizing initial coin offering scams, according to the police report....
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