Estonia Approves First Bitcoin, Crypto Bank Striga — Bitcoin Magazine

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  • Stri­ga gains reg­u­la­to­ry approval to oper­ate in Esto­nia as a VASP. 
  • The com­pa­ny is the first VASP to be approved fol­low­ing the country’s reworked leg­is­la­tion for VASPs. 
  • The law requires KYC infor­ma­tion, cap­i­tal require­ments, and affil­i­a­tion with Estonia.

Stri­ga, a bit­coin and cryp­tocur­ren­cy bank, became the first vir­tu­al asset ser­vice provider (VASP) to gain reg­u­la­to­ry approval in Esto­nia fol­low­ing the country’s revamp­ing of its dig­i­tal asset legal frame­work, per an announce­ment from the Finan­cial Intel­li­gence Unit.

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