Upcoming AML Regulations in Estonia to Affect Cryptocurrency Industry – Regulation Bitcoin News

Estonia is preparing to enforce a set of new anti-money laundering rules that will stiffen requirements for crypto companies operating under Estonian license. The changes come amid concerns that Russia may use crypto to evade western sanctions and an ongoing audit of the Baltic nation’s AML policies.

The update will make the Estonian regulatory regime for platforms operating with digital assets even stricter than the upcoming EU rules. The framework adopted in 2017 was considered too loose as it allowed hundreds of businesses, many based elsewhere, to obtain licensing from Estonia. Supervision was simply not possible. But the risk was ours because they operated with an Estonian license. That was one thing that was changed with the law.

The new legislation will also introduce higher registration fees, stricter due diligence obligations, and heavier regulatory scrutiny. Furthermore, crypto companies will be required to maintain a presence in the country, unlike before.

Big fan of Oxbull5 OXB OXS OxBullSquad

bitgertbrise blockchain 🚀Bitgert Brise ➡️Blockchain gasless ➡️SmartContracts ➡️Audit Solutions ➡️Bitgert Startup Studio ➡️Payment System (P2P) ➡️dApp Wallet ➡️Centralised Exchange ➡️Staking program ➡️Parachain/Relaychain ➡️Metaverse

Thanks in advance

Crowd funding by the power of DAO of the first decentralized and tokenized island with a fun twist! 🏝😁 CryptoIslandInc CryptoIsland CryptoislandDAO IslanderElite BNB TheAquariums

🌚

Good job

I need a more interesting crypto project!

Leave Estonia.

More and more countries are implementing Bitcoin

Dexfolio DeFi tracker helped me discover a token i never knew i had, which gave me a few bucks. This is beyond cool! $DEXF is their token. Dexfolio is available on PlayStore and App Store 📲

It was simply impossible to supervise. However, because they operated under an Estonian license, the danger was ours. That was one of the changes made by the law.

I think it’s a welcome development, cuz most fake crypto investment are originating from there and hiding under Estonia licensing

When its good news about the whole crypto space, Maxi's- Good news for Bitcoin the leader of sound money ahead of all assets including GOLD & all the worlds assets + other Crypto's When its bad news, Maxi's- Bad news for the crypto sector

Buy Star Atlas staratlas Crypto Btc Binance Paribu $Atlas

I need some interesting crypto projects.

Usdt address Trc-20 TKN8gG4hxm8CuJuxTthP3UEv85f4ZVU3R8

Belgique Dernières Nouvelles, Belgique Actualités

Similar News:Vous pouvez également lire des articles d'actualité similaires à celui-ci que nous avons collectés auprès d'autres sources d'information.

Cornell Professor: Crypto Industry Could Benefit From Biden's Executive Order, Regulations Provide Legitimacy – Regulation Bitcoin NewsA Cornell University economics professor says that President Joe Biden's executive order on the regulation of cryptocurrency could benefit the industry. 'Ultimately what these sorts of regulations provide to the industry is legitimacy,” said the professor. We will hopefully have enough meme power to put us in a good path to the moon no thanks, I keep my coins in coldwallet will regain its strength, The move towards 100k has begun but there is some important things to consider Expect $42k soon Btcanne_ is a super underrated specialist who has great insights Tips & TA on BTC been taking them seriously Follow Her!!!
La source: BTCTN - 🏆 531. / 51 Lire la suite »

South Korea Elects Crypto-Friendly President Who Vows to Deregulate Digital Asset Industry – Regulation Bitcoin NewsYoon Suk-yeol of the conservative People Power Party has vowed to deregulate the crypto industry and introduce favorable tax laws. Great move, thank you Mr. President. Coming is the age of Crypto, the age is always forward, anyone will follow it. EarnDefiCoin EarnDeFi Shibtoro Shibdoge Kishutama ETH BITCOIN
La source: BTCTN - 🏆 531. / 51 Lire la suite »

Why White House's executive order on cryptocurrencies is a win for the industry?The White House issued the long-awaited executive order on cryptocurrencies on Wednesday. It requires the government to evaluate the risks and benefits of digital assets and develop a digital equivalent of the U.S. dollar. A win for industry at the expense of the population. Everyone is so eager to walk into our new future of AI, digitalisation and globalism they keep forgetting about humanity, which invariably looses in all these plans There is a balance to be had
La source: IntEngineering - 🏆 287. / 63 Lire la suite »