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.
About 400 crypto businesses in Estonia still hold licenses after the state revoked nearly 2,000 licenses last year.
Estonian regulator wants to revoke all crypto exchange licenses
Burfa intends to purchase new cryptocurrency mining equipment from Bitmain to boost its data-center capacity.
Estonian IT company inks $26M crypto mining deal with Bitmain
After revoking licenses for many crypto firms, Estonia’s parliament is considering even stricter cryptocurrency laws.
Estonia's crypto honeymoon at an end as stricter regulations loom
A crypto exchange says regulations protect customers far more than they might expect.
Crypto regulations have unseen benefits for traders, exchange argues
Estonia has withdrawn permits from one thousand crypto companies this year.
Two thirds of Estonian crypto businesses lose their licenses
BitBay went down at approximately 4:28 PM UTC today.
800K BitBay exchange users face 2nd unscheduled outage this year
They’re following other central banks, including the European Central Bank, into studying virtual currencies.
Estonian central bank to conduct digital currency research