Summary
TLDR: Estonia has revamped its crypto regulation framework, implementing strict surveillance by the Financial Supervision Authority starting in 2026. This change requires crypto firms to meet robust system requirements similar to traditional banks. OKX has exited India due to regulatory hurdles, with the country tightening its grip on cryptocurrency operations. India’s stringent tax policies and KYC checks have posed additional challenges for global crypto platforms.
Key Points
1. Estonia has revamped its crypto regulation framework, setting a new benchmark for digital asset oversight. From 2026, crypto businesses will be under the strict surveillance of the Financial Supervision Authority.
2. Estonia’s regulatory overhaul signifies a proactive approach to digital asset management, aiming to eliminate financial malpractice and enhance the security of its digital economy.
3. OKX, a leading crypto exchange, has announced its exit from India as the country tightens its grip on cryptocurrency operations. India integrated crypto into its anti-money laundering and counter-terrorism framework in 2023, leading to the ousting of several crypto apps from digital platforms.