Government officials in the Baltic nation have adopted a progressive approach to regulating cryptoassets, however, local companies have complained that Estonia’s financial institutions are still reluctant to provide standard banking services to crypto-related businesses. Notably, Estonia was among the first countries in Europe to develop regulations and legalize crypto-related transactions. At present, there are about 500 licenses Estonia’s authorities have issued to firms operating cryptocurrency exchanges. Additionally, the country’s financial regulators have authorized over 400 crypto wallet services to offer their products to Estonian residents…………….
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