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More requirements ahead – What’s the future for virtual currency services in Estonia?
The Ministry of Finance will start regulating the virtual currency service providers
The Ministry of Finance published a draft regulation,[1] which establishes requirements for virtual currency service providers. The draft is used to make the proposal that the supervision of all service providers, established in Estonia, connected with virtual currencies, be placed under the competency of the Financial Supervision Authority.
[1] Seletuskiri Ühisrahastuse ja muude investeerimisinstrumentide ning virtuaalvääringute seaduse eelnõu juurde
How to differentiate one law firm from another in Estonia
Working at NJORD Law Firm in Tallinn, Estonia, we encounter more and more clients who have received poor quality legal assistance from other lawyers and law firms, or after paying an invoice in advance they have not received any services at all.
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Reporting suspicious activities by crypto licence holders
The first statistics collected by the Estonian FIU on the duty to report suspicious activities of money laundering and terrorist financing have been made available.
Will “Facebook coin” bring cryptocurrency to the masses?
For those who have watched the tv series Mr. Robot and are aware of the Facebook issues with its users’ privacy, the expectation of a “Facebook coin” (its real name is Libra) might bring some memories of E-coin. Curiously enough, E-coin was indeed issued by NBC Universal (parent company of Mr. Robot’s tv channel) and is listed in crypto exchanges.