Estonia crypto firms face 80% decline amid stricter regulatory landscape

Estonia crypto firms face 80% decline amid stricter regulatory landscape


Cryptopolitan
2023-05-08 19:32:20

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 ... Read more