Niko Demchuk

AML Specialist, Lawyer

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Last publications 6

Final thoughts on changes in Estonia about cryptocurrency business

September 3, 2020 12:00 00

To continue our sequence of articles about “how not to lose the cryptocurrency license in Estonia” Nikolay has prepared a closing article about the general shift in Estonia in terms of cryptocurrency regulation. You can read about the first, second and third recommendations here on our blog.

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Compliance matters. Recommendation 3

August 19, 2020 12:00 00

To continue our sequence of articles about “how not to lose the cryptocurrency license in Estonia” Nikolay has prepared a third recommendation. You can read about the first and second recommendations here.

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Easy to receive the license, difficult to start the business. Recommendation 2

August 11, 2020 12:00 00

To continue our sequence of articles about “How not to lose the cryptocurrency license in Estonia”, Nikolay has prepared a second recommendation. You can read about the first recommendation here and about why Nikolay is an expert in what he is saying here.

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How not to lose the cryptocurrency license in Estonia. Recommendation 1.

August 4, 2020 12:00 00

Recently, there were discussions regarding Estonia’s new law on cryptocurrency, the revocation of 500 crypto licenses in Estonia, and companies are exiting from Estonian regulatory jurisdiction.

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True reasons why crypto companies lost their licenses in Estonia

June 15, 2020 12:00 00

It was interesting to read articles on various news websites about 500 Estonian crypto companies losing their licenses in 2020. Why was it interesting? I believe the authors of these news websites are trying to create hype by attributing the loss of licenses to the money laundering scandal in Estonia around 2018. I don’t believe this to be the case.

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A legal perspective of AML screening for cryptocurrency companies

May 1, 2020 12:00 00

AML screening is an important measure for every cryptocurrency service provider. It aims to mitigate the risk that cryptocurrencies of customer are not coming from illegal sources such as the darknet, fraud, unlicensed gambling, terrorist financing, etc.

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