estonian – DIGIT INFO

Nearly 400 Crypto Firms Lose Their Estonian Licenses Under New Rules

DIGIT — Thu, 11 May 2023 12:04:58 +0000

The majority of crypto companies attracted by the once favorable Estonian regulations have either abandoned or lost their licenses. According to the latest numbers released by the Baltic nation’s anti-money laundering bureau, only 100 businesses are currently authorized to provide digital-asset services. Most Estonian Licenses for Provision of Crypto-Related Services Expire A total of 389 […]

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Estonia, US Arrest 2 Suspects in $575 Million Crypto Fraud Scheme

DIGIT — Wed, 23 Nov 2022 12:30:47 +0000

Law enforcement officers from Estonia and the United States have arrested two men for allegedly committing a large-scale cryptocurrency fraud. The Estonian nationals, who ran a crypto mining service and a fake virtual currency bank, laundered their proceeds, spent on cars and real estate, and donated to a politician. Estonian Police, FBI Detain 2 Crypto […]

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Upcoming AML Regulations in Estonia to Affect Cryptocurrency Industry

DIGIT — Sat, 12 Mar 2022 20:30:20 +0000

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 […]

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

DIGIT — Tue, 04 Jan 2022 22:30:05 +0000

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 […]

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Estonia Considers Revoking Crypto Licenses as Government Mulls Tougher Regulations

DIGIT — Sat, 16 Oct 2021 01:30:14 +0000

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, […]

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

DIGIT — Fri, 01 Oct 2021 08:30:50 +0000

Bitbay 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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Digital Euro to Handle ‘Almost Unlimited’ Payments, Estonian Central Bank Says After Test

DIGIT — Wed, 28 Jul 2021 12:00:03 +0000

A blockchain-based digital euro would be highly scalable allowing it to process an almost unlimited number of payments, the central bank of Estonia has concluded following a recent experiment. Central banks from several euro area countries and the ECB participated in the test, which also professed to show the digital currency’s carbon footprint would be […]

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Exchanges Roundup: Ironx Raises $22.3M in Private Sale, IDCM to Target STOs

DIGIT — Mon, 29 Oct 2018 20:55:17 +0000

In this edition of Exchanges Roundup, we focus on Ironx, which has just wrapped up a $22.3 million private sale. We also look at International Digital Currency Markets’ plans to provide solutions for security token offerings, as well as some of the new exchanges opening in Estonia. Also Read: The Daily: Outcry Over Censoring of Gab, […]

The post Exchanges Roundup: Ironx Raises $22.3M in Private Sale, IDCM to Target STOs appeared first on Bitcoin News.

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Exchanges Roundup: SBI to Develop Wallet, Huobi Targets New Markets

DIGIT — Sat, 27 Oct 2018 19:00:55 +0000

In recent news pertaining to cryptocurrency exchanges, SBI Group has unveiled a partnership with Sepior that will see the companies jointly develop a proprietary wallet, Huobi has announced it is establishing an operational base in Dubai to target the African, Middle Eastern, and South Asian cryptocurrency markets, and Trijo, a Swedish crypto exchange, has received […]

The post Exchanges Roundup: SBI to Develop Wallet, Huobi Targets New Markets appeared first on Bitcoin News.

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Danske Bank’s Alleged Money Laundering Now Totals $234 Billion, CEO Quits

DIGIT — Thu, 20 Sep 2018 09:25:59 +0000

The investigation into Danske Bank’s alleged money laundering has uncovered new funds. The amount of “questionable money” flowing through the bank’s Estonian branch has grown from $150 billion to approximately $234 billion. In response, the CEO of Danske Bank turned in his resignation. Also read: 160 Crypto Exchanges Seek to Enter Japanese Market, Regulator Reveals From […]

The post Danske Bank’s Alleged Money Laundering Now Totals $234 Billion, CEO Quits appeared first on Bitcoin News.

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