Estonian

Around 400 Crypto Firms in Estonia Closes Amid AML Crackdown

Nearly 400 virtual asset service providers (VASPS) in Estonia have either voluntarily shut down or had their licenses canceled. This is post the government’s new, stricter Terrorist Financing Prevention and Anti-Money Laundering rules (AML) went into effect in March. The Financial Action Task Force Travel Rule was implemented. Moreover, the

May 10, 2023 1 min read

Renewed License for CryptoWallet Startup a Vote of Confidence From Regulators

While many companies licensed in Estonia are facing relocation due to stricter regulations, CryptoWallet, a crypto card provider and buy/sell platform, has become one of the first companies to renew its license. Regulations are tightening worldwide, and particularly in Estonia which once licensed 55% of all virtual asset providers. Now,

March 21, 2023 1 min read