finland – DIGIT INFO

SEC serves suit to evasive Richard Heart in Finland, but not in person

The suit was served via an alternate method, as process servers were unsuccessful in contacting Richard Heart in person for months.

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Finland works on instant payments system, embraces digital euro

The Bank of Finland actively promotes the development of new forms of payment.

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P2P Bitcoin Exchange Paxful Suspends Marketplace With Uncertainty of Return

According to a message from Paxful Founder and CEO, Ray Youssef, the peer-to-peer bitcoin trading platform is suspending its marketplace, and the company is uncertain if it will return. Youssef cited challenges such as regulations and some key staff departures, but he also noted that he could not share the full story at this time. […]

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Localbitcoins, the Pioneer P2P Bitcoin Exchange, Shuts Down After a Decade of Service Due to Crypto Winter

Localbitcoins, the Helsinki, Finland-based bitcoin exchange founded in 2012, is closing operations after over a decade of service. The company’s operators attribute the shutdown to the “ongoing crypto-winter,” which has left them unable to continue offering their bitcoin trading services. The Challenges Faced by Localbitcoins and its Ultimate Demise in the Crypto Market The first […]

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LocalBitcoins closes down the P2P crypto exchange service

LocalBitcoins’ customers have 12 months to withdraw their cryptocurrencies from the LocalBitcoins wallet but are advised to do so immediately.

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The state of crypto in Northern Europe: Hostile Scandinavia and vibrant Baltics

The Nordics remain a cold place for crypto, but Estonia still leads as the public blockchain adopter.

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Finland Sells 1,889 Seized Bitcoins for $47 Million — Proceeds Going to Ukraine

Finland Sells 1,889 Seized Bitcoins for 46.5 Million Euros — Proceeds Going to Ukraine

Finland has sold 1,889 bitcoins seized in narcotic cases for 46.5 million euros ($47.4 million). The country’s finance minister previously said that the bitcoin sale proceeds will go to Ukraine for humanitarian aid and reconstruction as its war with Russia continues. Finland Sells Bitcoin Seized From Narcotic Offenses Finnish Customs (aka Tulli), the customs service […]

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Finland to Donate Millions of Dollars From Sale of Seized Bitcoin to Ukraine

The government of Finland is discussing supporting Ukraine with part of the money from the liquidation of millions of dollars worth of cryptocurrency seized in crime investigations. Finnish authorities want to sell the bitcoins soon and say they couldn’t come up with a better idea for the proceeds. Finland Selects Brokers to Sell $75 Million […]