Opinion
All VASPs registered in the EU before 2025 must comply with MiCA requirements this year. Predictions suggest many will not be able to do so.
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Estonia News
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.
- Opinion
Estonia is serving as an example of how smaller nations can use technology to punch above their weight and enhance their economic and political standing.
1840 - News
Crypto firms are only subject to AML regulation in Estonia, but a new bill would bring Estonia into conformity with MiCA.
3941 - News
Ivan Turogin and Sergei Potapenko face 18 charges in the United States and long prison terms for allegedly making HashFlare a Ponzi scheme.
8510 - News
Ivan Turogin and Sergei Potapenko are suspected in a $575 million fraud case, but they can’t be exposed to U.S. detention conditions.
5643 - News
The Estonia-based firm noted that only one plaintiff in the class action lawsuit is actually based in Colorado, where the suit was filed.
5866 - Investigation
A crypto exchange claiming $1.7 billion in daily trades on its website and $1.4 billion in daily trading volume on CoinMarketCap had reportedly displayed false license data.
19854 - Follow up
Hackers attempted to infiltrate CoinsPaid infrastructure directly starting in March 2023 but switched their approach to targeting individuals through fake high-salary job offers.
6832 - News
Estonia’s money laundering regulator highlighted a number of issues it found within local crypto firms, such as dodgy execs and nonsensical business plans.
6910 - News
Bit4You suspended operations on April 26 amid a CoinLoan insolvency investigation by Estonian regulators.
3872 - News
A bitter dispute between Paxful's co-founders in Delaware courts may have led to the crypto marketplace's sudden closure.
4467 - Analysis
The Nordics remain a cold place for crypto, but Estonia still leads as the public blockchain adopter.
5115 - News
The country decided to act in advance of upcoming EU regulations that could effectively ban noncustodial wallets.
3971 - News
The new guidelines reportedly expand the definition of Virtual Asset Service Providers to include DApps, ICOs and related services.
15409 - News
About 400 crypto businesses in Estonia still hold licenses after the state revoked nearly 2,000 licenses last year.
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