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.
Ivan Turogin and Sergei Potapenko are suspected in a $575 million fraud case, but they can’t be exposed to U.S. detention conditions.
Estonian court nixes extradition of accused crypto scammers to US
The Estonia-based firm noted that only one plaintiff in the class action lawsuit is actually based in Colorado, where the suit was filed.
Atomic Wallet asks to toss suit over $100M hack, saying it has ‘no US ties’
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 ...
Crypto exchange claiming $1.4B trading volume uses reportedly fake license data
Hackers attempted to infiltrate CoinsPaid infrastructure directly starting in March 2023 but switched their approach to targeting individuals through fake high-...
CoinsPaid claims North Korean hacking group used fake job interview to steal $37M
Estonia’s money laundering regulator highlighted a number of issues it found within local crypto firms, such as dodgy execs and nonsensical business plans.
Estonia squeezes out 400 crypto firms after new laws
Bit4You suspended operations on April 26 amid a CoinLoan insolvency investigation by Estonian regulators.
Belgian crypto platform Bit4You suspends operations after CoinLoan halts activity
A bitter dispute between Paxful's co-founders in Delaware courts may have led to the crypto marketplace's sudden closure.
Paxful co-founders’ litigation cites misappropriation of funds, money laundering, U.S. sanctions evasion