Estonia Issues First License to Crypto Service Provider Under New Regulation

Estonia Starts Issuing License Under New Crypto RegulationEstonia’s Financial Intelligence Unit has issued its first license to a crypto service provider under the country’s new regulatory framework that entered into force in March. “Striga Technology OÜ is the first entrepreneur, who is authorized for the first time to provide a virtual currency service since the amendments of the Money Laundering and Terrorist […]

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Upcoming AML Regulations in Estonia to Affect Cryptocurrency Industry

Upcoming AML Regulations in Estonia to Affect Cryptocurrency IndustryEstonia 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 […]

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Estonia Offers to Share Crypto Experience With US to Identify Best Practices for Digital Assets

Estonia Offers to Share Crypto Experience With US to Identify Best Practices for Digital AssetsEstonian Finance Minister Keit Pentus-Rosimannus has offered to share her country’s experience in regulating cryptocurrencies with the U.S. in a discussion with Treasury Secretary Janet Yellen. Estonia Offers to Share Crypto Experience With the US U.S. Treasury Secretary Janet Yellen and Estonian Finance Minister Keit Pentus-Rosimannus reportedly discussed cryptocurrency regulation during a video call Friday. […]

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

Estonia Clarifies Upcoming Regulations, Will Not Ban Crypto Holding and TradingThe 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 […]

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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 […]

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Estonia Considers Revoking Crypto Licenses as Government Mulls Tougher Regulations

Estonia Considers Revoking Crypto Licenses as Government Mulls Tougher RegulationsAuthorities 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, […]

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

Crypto Exchange Bitbay Passes Audit Under Estonia’s Tougher New RegulationsBitbay 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 […]

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