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Estonia Moves to Reassure Crypto Sector as New Rules Weighed

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Estonia has moved to calm investor fears about tougher rules on cryptocurrency, a sector which has been a target of regulatory scrutiny for the Baltic nation since at least 2019.

The country is considering new rules that would enforce due diligence, audits and higher levels of capital for crypto firms ahead of a review of its money laundering policies this quarter. The proposed rules still need parliamentary approval.