Estonia approves bill to regulate crypto service providers
Estonia is shaking things up in the crypto industry big time. The small Baltic nation, known for its digital savvy and e-residency perks, is rolling up its sleeves to get serious about crypto regulation. After sailing through the government, a groundbreaking bill is now waiting in the wings, ready to make its grand entrance in […]
Estonia’s €85M Investment Initiative to Propel Bold AI Integration by 2030
Discover Estonia’s groundbreaking plan to invest €85M in advancing AI technology across public and private sectors.
Estonia approves extradition of HashFlare ponzi scheme founders to the U.S.
Estonia has given the green light for the extradition of Ivan Turogin and Sergei Potapenko, the individuals behind the $575 million cryptocurrency Ponzi scheme known as HashFlare, to the United States. This decision comes despite a prior block by the Tallinn court, which criticized the Estonian government for insufficiently investigating key circumstances related to the […]
Estonian court blocks extradition of Hashflare founders to U.S.
The Tallinn Circuit Court in Estonia has overturned previous rulings that approved the extradition of Ivan Turogin and Sergei Potapenko, co-founders of the cryptocurrency mining service Hashflare, to the United States. This decision, announced on November 29, challenges the U.S. authorities’ efforts to prosecute the duo for their alleged involvement in a substantial fraud and […]
Compliance crackdown: Estonia revokes nearly 400 crypto licenses
Following the implementation of stricter rules, almost 400 crypto firms have either lost or forfeited their Estonian licenses. The Baltic nation’s Financial Intelligence Unit (FIU) has revealed that only 100 businesses can provide digital asset services. Expired licenses and stricter requirements The Estonian government has seen a total of 389 licenses for virtual asset service […]
Estonia crypto firms face 80% decline amid stricter regulatory landscape
The number of registered crypto firms in Estonia has experienced an approximate 80% decrease due to enforcing the 2022 crypto law. This legislation requires companies to maintain significant capital reserves and establish genuine connections to Estonia. Data released by the country’s money-laundering regulator, the Financial Intelligence Unit (FIU), revealed that around 200 licenses were voluntarily […]
Estonia: Proposed laws will not ban crypto trading
TL;DR Breakdown Estonia is amending its crypto laws to streamline the crypto industry. The proposed draft doesn’t outlaw crypto trade in the country or ban citizens from ownership. The authorities have recalled close to 2000 permits for crypto-related businesses. Estonia has adopted laws aimed at improving the control of its crypto sector. The sector has […]
Keit Pentus-Rosimannus: Estonia offers to track cryptocurrency with the US
TL;DR Breakdown Estonia is willing to offer expertise in controlling crypto to the US. The country’s existing structure encourages local and international trade. Estonia suggests sharing its expertise in controlling digital assets with its principal ally, the US. Keit Pentus-Rosimannus, Estonia’s financial chief, told Janet Yellen. The offer came via a conference call between the two […]
Estonia Central Bank lauds digital Euro after tests
TL;DR Breakdown Estonia Central Bank lauds digital Euro after tests ECB criticizes Estonia Central Bank digital currency move As central banks rush to unveil a government-controlled digital currency intensifying, Estonia central bank has commended the digital Euro after experimenting with some other euro-based central banks. The Estonia Central Bank, in a statement, revealed that it […]
Estonia e-residents a pool of crypto scammers
Authorities in Estonia are beginning to raise alarm that several Estonia e-residents are involved in one crypto scam or another. According to the police financial intelligent unit, companies registered overseas and headed by an Estonia e-residents has been involved in large-scale exit scams. Some of these firms are suspected to have organized Initial Coin Offering […]
