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The country’s Ministry of Finance shut down claims that owning and trading cryptocurrency would be banned under the proposed anti-money laundering legislation.
The head of the Estonian Financial Intelligence Unit even wants to revoke existing licenses, but the communications manager for the FIU said that the country would not pursue this action.
Eesti Pank said the initiative will gauge the suitability of the KSI Blockchain, already used within the country's e-government system, in supporting a central bank digital currency.