The Estonian Ministry of Finance will soon add amendments to the recently adopted funding proposal aimed at "strengthening" cryptographic regulations, the Estonian finance newspaper Äripëev announced on 28 November.
According to this article, a new version of the Law on Prevention of Money Laundering and Financing of Terrorism came into force this week in Estonia, by the Fourth Money Laundering Directive.
The regulation introduced this week would be "virtual currency exchange providers" and "virtual payment service providers", while earlier it was only "alternative payment service providers".
Despite this, the Financial Supervisory Authority (FI) has since announced that cryptocurrency and companies were providing crypto-related services, which would seem to originate new changes, according to Äripäev.
As Cointelegraph pointed out, Estonia has cancelled the intention of publishing Estroas, the national digital currency, following President of the European Central Bank Mario Draghi probed the move.
Canada is also considering enforcing regulations to prevent the use of crypts for money laundering, as recommended by the House of Representatives Canada Finance Committee in its review of money laundering and terrorist financing in mid-November.
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