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Estonia Has Withdrawn Licenses From Over 1,000 Crypto Companies This Year
The mass license revocation still leaves around 400 virtual currency service providers (VASPs) licensed in Estonia, according to the finance ministry.
작성자 Tanzeel Akhtar
Estonia has withdrawn more than 1,000 licenses from cryptocurrency companies in 2020, apparently due to the burden of monitoring compliance.
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- Veiko Tali, secretary-general of the Ministry of Finance, said in a post on Friday that many of the companies had "minimal" connections to Estonia and clientele in "remote countries."
- The mass license revocation by the Financial Intelligence Unit still leaves around 400 virtual currency service providers (VASPs) licensed in Estonia, he added.
- The secretary-general explained that monitoring and regulation of virtual currency service providers (VASPs) are in "continuous need of heightened attention," and that "important regulatory changes" are on the way for the industry.
- However, Estonia's resources for monitoring compliance by VASPS are limited, Tali said.
- Estonia joined the European Union in May 2004, which means the country aligns with EU regulations concerning anti-money laundering and other measures.
See also: Inside the Estonian CBDC Experiment That Could Shape the Digital Euro
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알아야 할 것:
- As of October 2025, GoPlus has generated $4.7M in total revenue across its product lines. The GoPlus App is the primary revenue driver, contributing $2.5M (approx. 53%), followed by the SafeToken Protocol at $1.7M.
- GoPlus Intelligence's Token Security API averaged 717 million monthly calls year-to-date in 2025 , with a peak of nearly 1 billion calls in February 2025. Total blockchain-level requests, including transaction simulations, averaged an additional 350 million per month.
- Since its January 2025 launch , the $GPS token has registered over $5B in total spot volume and $10B in derivatives volume in 2025. Monthly spot volume peaked in March 2025 at over $1.1B , while derivatives volume peaked the same month at over $4B.
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Institutional interest in Ripple-linked assets remains strong, though overall market participation is limited.
알아야 할 것:
- XRP rose 4.26% to $1.85, recovering from early losses despite low trading volume.
- VivoPower's partnership to acquire Ripple Labs equity indirectly boosted sentiment toward XRP.
- Institutional interest in Ripple-linked assets remains strong, though overall market participation is limited.
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