Estonia may tighten regulation of its cryptocurrency and token market as concerns about money laundering persist in the otherwise crypto-friendly nation. The country’s Financial Supervision Authority (FSA) will target companies that provide access to crypto-related services, local financial news outlet Aripaev reports.

Exchanges would be most vulnerable in case of a regulatory beef-up. Demanding that trading platforms comply with anti-money-laundering (AML) laws and perform KYC (know your customer) due diligence has become the norm, with almost no markets remaining unaffected.

But like many other regulators, Estonia’s financial oversight body is mostly concerned with the moment cryptocurrency is bought or sold for fiat. Directly regulating a blockchain or stopping it has not happene…

This article appeared first on Cryptovest

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