Estonian Financial Intelligence Unit (FIU)

Estonia’s Government Still Wants to Implement Stricter Rules for Licensing Crypto Firms

Estonia's New Government Still Wants to Implement Stricter Rules for Licensing Crypto Firms

The new administration in Estonia is still planning to pursue an agenda to tighten rules for companies dealing with cryptocurrencies. The Ministry of Finance is looking to strengthen anti-laundering measures within the context of a major money-laundering scandal that involved Danske Bank. Estonia Revoked Over 1,000 Crypto Firms’ Licenses in 2020 Per a report by […]

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Estonia Revokes 500 Crypto Firms’ Licenses After $220 Billion Money Laundering Scandal

Estonia Revokes 500 Crypto Firms' Licenses After $220 Billion Money Laundering Scandal Estonia has canceled 500 cryptocurrency firms’ licenses, about 30% of the total, as part of a crackdown on illicit financial flows following a $220 billion money-laundering scandal involving Danske Bank. Regulators are concerned that bitcoin exchanges and other crypto companies might be liable to using their platforms to facilitate illegal transfers, Bloomberg reported. Madis Reimand, […]

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