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.
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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.
- News
Bit4You suspended operations on April 26 amid a CoinLoan insolvency investigation by Estonian regulators.
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A bitter dispute between Paxful's co-founders in Delaware courts may have led to the crypto marketplace's sudden closure.
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The Nordics remain a cold place for crypto, but Estonia still leads as the public blockchain adopter.
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The country decided to act in advance of upcoming EU regulations that could effectively ban noncustodial wallets.
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The new guidelines reportedly expand the definition of Virtual Asset Service Providers to include DApps, ICOs and related services.
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About 400 crypto businesses in Estonia still hold licenses after the state revoked nearly 2,000 licenses last year.
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Burfa intends to purchase new cryptocurrency mining equipment from Bitmain to boost its data-center capacity.
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After revoking licenses for many crypto firms, Estonia’s parliament is considering even stricter cryptocurrency laws.
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A crypto exchange says regulations protect customers far more than they might expect.
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Estonia has withdrawn permits from one thousand crypto companies this year.
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BitBay went down at approximately 4:28 PM UTC today.
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They’re following other central banks, including the European Central Bank, into studying virtual currencies.
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Local authorities hope that tackling the issue will restore trust in the e-residency program.
7010 - Expert Take
Basic recommendations for those who are considering incorporating crypto business in Estonia.
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