189 crypto firms shut down in Estonia - Estonian World Review
The presence of crypto firms in Estonia shrunk dramatically after stricter regulations were enacted in 2022. In little more than a year, the amended regulations have prompted hundreds of virtual asset businesses to shut shop. According to a recent press release from the Financial Intelligence Unit of Estonia, the amendments to the country’s Money Laundering and Terrorist Financing Prevention Act have led to nearly 400 crypto firms shutting down their businesses. Most of the expirations were based on the decision of the regulator. Regardless, almost 200 virtual asset service providers volunt...
Source: eesti.ca