Estonia Archives - FortuneZ

Estonia Withdrew Over 1,000 Crypto Firms’ Licenses This Year

December 15, 2020

Estonia withdrew over 1,000 crypto firms' licenses this year. On Friday, the Estonian Ministry of Finance announced that the country's Financial Intelligence Unit (FIU) has withdrawn more than 1,000 crypto co...

Estonian Central Bank To Conduct Digital Currency Research

October 4, 2020

The Estonian central bank, Eesti Pank, announced the launch of a research program to study how to build a digital currency infrastructure. According to a statement, Eesti Pank partnered with technology compa...

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

June 14, 2020

Estonia revokes 500 crypto firms' licenses after a $200 billion money laundering scandal. Madis Reimand, who heads the Estonian Financial Intelligence Unit (FIU), said the clampdown was a pre-emptive move t...

BitBay 18 Hours Offline Citing Network Problems Raises Suspicions

March 29, 2020

Users of Estonia-based exchange BitBay became suspicious of a security breach following the platform going offline for more than 18 hours. BitBay published a tweet explaining it was dealing with a network ...