Estonia’s crypto honeymoon at an finish as stricter rules loom
Estonia’s finance ministry is reportedly seeking to enact stricter crypto licensing rules. This comes after the authorities revoked the licenses of about two-thirds of the cryptocurrency companies working within the nation again in 2020.
In accordance to ERR Information, the Estonian Ministry of Finance issued draft laws again in January to tighten the noose on the nation’s crypto trade. As a part of the proposed rule modifications, the Finantsinspektsioon — Estonia’s Monetary Supervisory Authority — will oversee the regulation of cryptocurrency companies as a substitute of the Monetary Intelligence Unit.
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