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EU Nation at Center of Dirty-Cash Storm Cracks Down on Crypto

June 11, 2020, 11:00 AM

The country in the spotlight of Europe’s biggest-ever dirty-money scandal is turning its attention from banks to crypto-currency firms.

Estonia, a digital trailblazer that’s a European Union and euro-area member, has been clamping down to prevent financial crime after allegations that billions of dollars of illicit cash flowed through the local unit of Denmark’s largest lender Danske Bank A/S.

Read more: A Banker Reveals the Bonus Culture Behind a $220 Billion Scandal

Its latest push targets companies that exchange and help clients hold virtual currencies like Bitcoin -- an industry that Estonia was among the first in the EU to ...