Estonia doesn't plan to ban crypto

The new draft legislation for virtual asset service providers (VASPs) will not ban customers from owning or trading crypto, but the proposed requirements for VASPs could apply to decentralised wallet creators, including hefty capital requirements.

Estonia’s Ministry of Finance Keit Pentus-Rosimannus said the bill is designed to tighten anti-money laundering (AML) requirements for VASPs, particularly to reduce the creation of anonymous accounts. If approved, under the new law, Estonian VASPs will be required to identify their customers when offering accounts or wallets.