More requirements ahead – What’s the future for virtual currency services in Estonia?

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.

Cryptocurrency licenses in Estonia: First-year overview

Almost one year has passed since the new Money Laundering and Terrorist Financing Prevention Act (MLTFPA) came into force introducing two types of licenses for cryptocurrency in Estonia. MLTFPA has helped businesses dealing with cryptocurrencies understand whether they are required to apply for a license or whether they can operate without one.