Cryptocurrencies
Baltic Tech Hub Plans Sweeping Crackdown on Crypto Firms
- Estonia’s anti-money laundering chief vows tougher supervision
- Crypto transactions equivalent to 40% of cross-border flows
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After riding the initial wave of the digital-currency revolution half a decade ago, Estonia is cracking down on the ballooning industry in a cautionary tale for would-be crypto hubs.
With a key review of its anti-money laundering enforcement policies by the Council of Europe slated for early next year, the government of the Baltic nation is weighing firmer oversight of what’s become a popular European center for digital coin trading and the accompanying infrastructure.