Estonia

Estonia Revokes 500 Crypto Firms' Licenses After $220 Billion Money Laundering Scandal

Estonia Revokes 500 Crypto Firms’ Licenses After $220 Billion Money Laundering Scandal | Regulation Bitcoin News

Estonia has canceled 500 cryptocurrency firms’ licenses, about 30% of the total, as part of a crackdown on illicit financial flows following a $220 billion money-laundering scandal involving Danske Bank. Regulators are concerned that bitcoin exchanges and other crypto companies might be liable to using their platforms to facilitate illegal transfers, Bloomberg reported. Madis Reimand, …

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Money Laundering Scandal

Estonia is at the Center of Europe’s Biggest Money Laundering Scandal

  Estonia cracks down on a large number of licensed cryptocurrency businesses due to a $220 billion USD laundering scandal. As Bloomberg reports, one of the most crypto-friendly countries in EU, has been cracking down crypto firms to avoid financial crime after allegations that multi-billion dollars of illegal cash flowed through the local unit of …

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Estonia Revokes 500 Crypto Firms’ Licenses After $220 Billion Money Laundering Scandal - The Bitcoin News

Estonia Revokes 500 Crypto Firms’ Licenses After $220 Billion Money Laundering Scandal – The Bitcoin News

Advertisment Estonia has canceled 500 cryptocurrency firms’ licenses, about 30% of the total, as part of a crackdown on illicit financial flows following a $220 billion money-laundering scandal involving Danske Bank. Regulators are concerned that bitcoin exchanges and other crypto companies might be liable to using their platforms to facilitate illegal transfers, Bloomberg reported. You …

Estonia Revokes 500 Crypto Firms’ Licenses After $220 Billion Money Laundering Scandal – The Bitcoin News Read More »

European Governments Are Taking Greater Steps To Regulate Blockchain Tech

Europe has always been a hot spot of crypto activity, and now a number of European states may finally be ready to recognize the legitimacy of blockchain technology and begin regulating cryptocurrencies. Germany has become the latest European nation to take this step, as a bill enabling banks to enter the crypto space has passed …

European Governments Are Taking Greater Steps To Regulate Blockchain
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