Money Laundering Scandal

in #gems4 years ago (edited)

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Many crypto companies were using country preference for Estonia because taxes in Estonia were very reasonable. Some vigilant crypto exchanges favor taking the business a little further. On the $ 220 billion money laundering news, the Estonian state has launched a major operation on exchanges.

The Estonian state has subsequently revoked the licenses of approximately 500 companies. Authorities say they will take more stringent steps to authorize exchanges.

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