Estonia: Introduced Bill amending Money Laundering and Terrorist Financing Prevention Act including licensing requirements
Description
Introduced Bill amending Money Laundering and Terrorist Financing Prevention Act including licensing requirements
On 10 January 2022, the Bill amending the Money Laundering and Terrorist Financing Prevention Act and other laws was introduced in parliament. The Bill affects, among other things, crypto transfer providers, crypto exchanges, and crypto wallets. The amendments include licensing rules and an expanded definition of virtual currency services (VASPs).
Original sourceScope
Policy Area
Authorisation, registration and licensing
Policy Instrument
Operational license requirement
Regulated Economic Activity
digital payment provider (incl. cryptocurrencies)
Implementation Level
national
Government Branch
legislature
Government Body
parliament
Complete timeline of this policy change
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2022-01-10
under deliberation
2022-02-23
adopted