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

Estonia has canceled 500 cryptocurrency firms’ licenses, about 30% of the total, as part of a crackdown on illicit financial flows following a $220 billion money-laundering scandal involving Danske Bank.

Regulators are concerned that bitcoin exchanges and other crypto companies might be liable to using their platforms to facilitate illegal transfers, Bloomberg reported.

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2020-06-16T01:03:23+05:30June 16th, 2020|Categories: Bitcoin, Crypto Currency, FIAKS daily|Tags: |Comments Off on Estonia Revokes 500 Crypto Firms’ Licenses After $220 Billion Money Laundering Scandal
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