BitcoinWarrior

News and Education

Investigation: Baltic-registered crypto firms service payments for Russian private army, allow sanctions evasion

Known for its innovative e-governing system and booming IT industry, Estonia made a supposedly groundbreaking move in 2017. By launching a licensing system for cryptocurrency companies, the Baltic country wanted to become the first in the European Union to regulate crypto business. Instead, Estonia became a haven for international crypto criminals attracted by the opportunity to receive the prestigious “licensed in the EU” title for their sham firms. With more credibility, they have laundered or defrauded victims for over 1 billion euros, a new journalist investigation has found. An internatio…