Major Estonian Bank LHV Starts Offering Cryptocurrency Trading via Bitstamp

Major Estonian Bank LHV Starts Offering Cryptocurrency Trading via Bitstamp

One of the largest banks in Estonia, LHV, is now offering cryptocurrency trading directly from its app through crypto exchange Bitstamp. The bank says it is the “first bank in the Baltics to start offering crypto trading.” Large Estonian Bank Now Offers Crypto Trading LHV announced this week that it has become “the first bank in Estonia to offer its clients the opportunity to trade in crypto assets.” Starting Monday, LHV customers can trade major crypto assets directly on its mobile app. Transactions are carried out on the cryptocurrency....


Related News

BTC.ee Halts Trading Due to "Threats Issued By The Estonian Police"

An online local bitcoin trading post, BTC.ee, has temporarily halted trading "due to threats issues by the Estonian police." The news comes from the site itself, which as of Wednesday, has a relatively large banner with the information. Otto de Voogd, operator of the website, reportedly receive emails from the Estonian Financial Intelligence Unit requesting "copies of IDs of clients, internal measures or procedure of due diligence," along with evidence the site was registered as a currency trading service. Failure to produce the documents could be punishable with a fine up to €32,000 and....

Estonian High Court Asks Government to Clarify Bitcoin Stance

The Estonian Supreme Court has asked the country's central bank, two of its civil ministries and its top financial regulator to answers questions related to bitcoin as it considers a case on the legality of the digital currency. The questions focus on the application of anti-money laundering (AML) statutes to bitcoin activities, as well as the broader nature of the financial technology, according to a translation of the court's 19th November decision. Eesti Pank, the Interior and Finance Ministries, and the Estonian Financial Supervision Authority must respond to the court's request by....

Estonian Police Target Bitcoin Trading Site BTC.ee

As the Estonian authorities continue to tighten their grip on the digital currency trade, local bitcoin trading site BTC.ee (not to be confused with BTC-e) has announced via its website that it has "temporarily stopped trading due to threats issued by the Estonian police". The move follows a warning about bitcoin and other virtual currencies issued by a member of Estonia's central bank earlier this year, in which he called bitcoin a "problematic scheme" and said that "virtual currency schemes are an innovation that [deserve] some caution". Otto de Voogd, the site's owner, told local....

Estonian e-Residency Program Launched

In October, the Estonian government invited anyone, anywhere, to become an e-citizen of the Estonian digital society, open a bank account in Estonia, or start a business. They said that, by the end of the year, anyone with an internet connection would be able to live their financial life in Estonia, all without being physically present. Also read: Become an E-Citizen of Estonian Digital Society. Yesterday those who sent a preliminary application received an email announcing the official launch of the program: "Dear future e-Resident of Estonia, We are happy to announce you that we went....

Governance 2.0 - Evolution of the System or Revolution Against the System?

In October, Estonia invited anyone, anywhere, to become an e-citizen of the Estonian digital society, open a bank account in Estonia, or start a business. They said that by the end of the year, anyone with an internet connection will be able to live their financial life in Estonia, all without being physically present. The Estonian e-Residency program was officially launched on December 1. Also read: Estonian e-Residency Program Launched. In a ceremony in the Estonian capital of Tallinn, Estonia's President Toomas Hendrik Ilves made British journalist Edward Lucas Estonia's first....