389 digital asset firms shut down in Estonia amid tough new laws
Estonia has been getting tough with virtual asset service providers, resulting in 200 firms withdrawing their license applications as a similar number was rejected by the regulator.
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‘Start again’: Estonia regulator wants digital currency licenses revoked
Matis Mäeker, head of Estonia’s Financial Intelligence Unit, said the state should consider scrapping regulation “to zero and start licensing all over again,” over concerns about the impact of the sector.