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.
Estonia has withdrawn permits from one thousand crypto companies this year.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 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
Local authorities hope that tackling the issue will restore trust in the e-residency program.
Crypto scammers plague Estonia’s e-residency program
Basic recommendations for those who are considering incorporating crypto business in Estonia.
How Not to Lose Your Cryptocurrency License in Estonia
Sports token-focused platform Socios prepares to issue a payments and loyalty card with a new license from Estonian Financial Intelligence Unit.
Fan Token Platform Socios Secures Key Regulatory License
America still lags behind countries like China, the United Arab Emirates and Switzerland when it comes to blockchain adoption.
American Blockchain Dream in Sight, but the Chase Not Over Yet
Check out this week’s Bad Crypto podcast.
Bitcoin Undo Button & Fleeing Firms: Bad Crypto News of the Week