Filter posts

New rules coming up for cryptocurrency licensed businesses in Estonia

Amendments to the Money Laundering
and Terrorist Financing Prevention Act (MLTFPA) were adopted by the Estonian parliament Riigikogu on 11 December 2019. The focus of the amendments is on cryptocurrency service providers. The main purpose of the amendments is to strengthen the position of the Estonian Financial Intelligence Unit (FIU) in its authorisation and supervision procedures for cryptocurrency-related businesses.
Read more

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.
Read more

EU Proposal on Crowdfunding Service Providers may affect blockchain business

The EU Commission has come up with the new Proposal for a Regulation on European Crowdfunding Service Providers (the “Proposal”). If the Proposal comes into force, it will influence businesses that collect investors funds as loans, platforms that provide fundraising services, and ICO’s businesses. Here are 10 main things you need to know about the Proposal and some possible challenges for fundraising platform business utilizing blockchain technologies (“Blockchain platforms”).
Read more

Archive