Captured By Tracy D'souza / 12:43 pm on 22 March 2024
The Estonian government has approved a bill aimed at overseeing cryptocurrency service providers. This legislation aligns with the nation’s financial oversight with the European Union’s Markets in Crypto-Assets (MiCA) regulations. The bill, however, awaits a parliamentary vote to become law. The proposed bill will put in place a strong regulatory framework transferring the oversight of cryptocurrency service providers from the Financial Intelligence Unit (FIU) to the Financial Supervision Authority (FSA). In the past, FIU used to register cryptocurrency service providers, which was mainly focused on compliance with Anti-Money Laundering (AML) measures.
