Germany’s WEG Bank receives green light from Estonia to serve as a crypto custodian.
Estonia, or officially the Republic of Estonia, is a state located in northern Europe. Estonia is a member of the European Union and the main feature of its economy, compared with other countries of the Union, is its relatively low taxes. In terms of Bitcoin in Estonia, cryptocurrency is highly popular there and the country is in second place based on the number of internet searches for the term “Bitcoin,” after Russia. Estonia is considered to be a developed technological country. However, authorities do not accept virtual currencies as official tender and believe that its virtual area of circulation is too limited for national economic benefits or threats and, therefore, Estonian Bitcoin regulation remains uncertain.
- US Deputy Treasury Secretary: Crypto Raises Questions on Self-Government
- Morocco Plans to Expand Access to Financial Services With Fintech
- Bavarian Government to Issue Blockchain-Based Training Certificates
- Harvard University Stages ‘Digital Currency Wars’ Crisis Simulation
- Bitcoin Drops to $7,000 as China Vows to ‘Dispose of’ Local Exchanges