This might be a bit niche as a topic, but it might be of interest to some. In short the head of money laundering bureau in Estonia has gone to media with the suggestion to either revoke or review all crypto licenses issued in the country. For context Estonia houses about 400 companies that own crypto license.
Earlier it was easier for the companies to get a license as majority of the licenses were procured by agents and i am sure corruption was really big as they would usually provide any license if you are willing to spend money. If they are really reviewing the licenses that they issues that does not mean anything because they will somehow regain the license even for shady companies, in short money talks.
And if they will at least be strict about it, I think, it is about time.
We all know in this community, that if a project wants a crypto license, most of the time they resort to acquiring from Estonia or other crypto-friendly countries.
And I believe, getting it from Estonia has one of the affordable rates and easiest in this market.
But you are right, with the corruption involved, I don't think it will be very effective.
The price may just jump up a lil bit but still these project owners can just buy their way in.
We will know if the rates will be affordable, if these project owners will still purchase their license from this country or they will find another country with cheaper fees.
