Once a Crypto Trailblazer, Estonia Is Cracking Down on Risk
- New regulations seek to rein in risks brought by crypto growth
- Charges of money-laundering, ransomware, plunging value
Tallinn, Estonia
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Estonia, the Baltic nation of 1.3 million that’s sought to be one of Europe’s leading crypto hubs, is reining in the digital assets it once championed.
The regulatory crackdown is emblematic of a broader effort among European policymakers rushing to address the risks posed to the financial system by crypto markets as they grow in size and complexity.