bitcoinBTC/USD
$ 20,511.00
ethereumETH/USD
$ 1,184.52
tetherUSDT/USD
$ 0.999639
cardanoADA/USD
$ 0.466369
xrpXRP/USD
$ 0.333203
usd-coinUSDC/USD
$ 1.00

Anonymous Crypto Holdings will not be Banned in Estonia

This year Estonia has made a clarification on crypto regulations that will not fully ban individuals from anonymously holding crypto.

Last year, Estonia tightened its regulations on preventing money laundering and criminal activities in connection with cryptocurrencies and licensing virtual currency service providers.

This year Estonia has made a clarification on crypto regulations that will not fully ban individuals from anonymously holding crypto. This regulation is recently-drafted and it will soon take place within the county legislation. Rather, these regulations may put a stop to companies from offering anonymous accounts to virtual asset service providers.

However, the Estonian government has made it clear that regulations that are currently pending will not constitute a full ban on holding cryptocurrency anonymously. Nonetheless, the government has clarified that this will only be applied to companies and will not affect individuals who hold cryptocurrency in their personal digital wallets.

On January 2nd the Government came up with an official statement: “the regulation is not applied to customers, but to [virtual asset service providers] who conduct activities for or on behalf of a natural or legal person as a permanent business.” To make sure that virtual asset service providers are active companies, additionally, new regulations will also increase their capital requirements. 

The Estonian government stated that these rules bear similarities to banks and payment processing companies’ laws where there is a close watch on financial crime and taking preventive measures.

To make sure that the virtual asset service providers are active companies the new regulations will be set up as such that will increase the capital requirements as well. Through this, latent cryptocurrency service provides will not be able to sell outside of Estonia to third parties. 

Prior to becoming a law, the draft legislation is to go through three readings of the parliament of the country.

Also read: 

El Salvador to Issue First BTC Bond Legislation

Domestic Energy Crisis: Kosovo Bans Crypto Mining

El Salvador President Makes Major BTC Forecasts for 2022

Winter is Here: Iran to Fill Energy Reserves by Stopping Authorized Crypto Mining

 

Also read:

Related News

Meta Continues With Its NFT Plans

Meta stated that its other cryptocurrency initiatives are proceeding according to schedule after announcing the end of its Novi project. Non-fungible tokens (NFT) have been developing for a while by the company. The Novi initiative, which enables remittances and international money transfers, will shortly be shut down, the company announced recently. According to the company, the project will no longer operate as of September 1. Users of Novi were informed

Read More »

Bitcoin’s Lightning Network Now Available for Argentina From OpenNode Partnership With Lemon Cash

OpenNode, a supplier for Bitcoin payments, has teamed with Lemon Cash, a well-known Latin American bitcoin wallet service. The wallet’s cooperation with OpenNode allows over 1 million Lemon Cash users to now access Bitcoin’s Lightning Network. “This partnership is yet another example of our capability and belief in Bitcoin as the new base layer for global payments… We’re proud to support Lemon’s mission and its desire to scale and benefit

Read More »
LuckyBlock is a worldwide game and competition platform with play to earn rewards using blockchain protocols. They have already given many prizes to the participants of the game.

Lucky Block Partners with Crypto Academy

Lucky Block has partnered with Crypto Academy, as we look forward to many updates and launches ahead.  Lucky Block has reached a partnership with Crypto Academy, the renowned Crypto Marketing Agency, and Informational and Educational portal. With an incredible success rate in helping cryptocurrency-focused startups grow in the industry, the partnership with Crypto Academy is a stepping stone in the exciting journey ahead for Lucky Block. LuckyBlock is a worldwide

Read More »

My Coins

bitcoinBitcoin
$ 20,511.001.6%
ethereumEthereum
$ 1,184.524.26%
cardanoCardano
$ 0.4663692.36%
tetherTether
$ 0.9996390.08%

Newest Videos on YouTube

We inform and educate people about Cryptocurrencies and Blockchain technology.

© Copyright 2021, All Rights Reserved,
Crypto Academy

Bitcoin

Contact Us

For any question conatct us through:

sales@crypto-academy.org

Disclaimer: All information and materials on this website are for educational purposes only. Crypto-academy.org does not provide any form of financial advice. Cryptocurrencies are highly volatile, therefore any form of investing carries a high level of risk to your capital. It is recommended that you seek professional advice prior to implementing any investment or financial plan.

We do not ask you for your Cryptocurrency / We do not hold your Coins / We do not ask for Private Keys / Be aware of scammers and imposters.

Contact us only through: sales@crypto-academy.org