{"id":7775,"date":"2021-10-13T16:24:38","date_gmt":"2021-10-13T13:24:38","guid":{"rendered":"https:\/\/dev.lextal.ee\/?p=7775"},"modified":"2021-10-13T16:24:38","modified_gmt":"2021-10-13T13:24:38","slug":"lextal-next-team-officials-are-afraid-and-therefore-intend-to-destroy-the-booming-business","status":"publish","type":"post","link":"https:\/\/dev.lextal.ee\/en\/lextal-next-team-officials-are-afraid-and-therefore-intend-to-destroy-the-booming-business\/","title":{"rendered":"LEXTAL Next team: officials are afraid and therefore intend to destroy the booming business!"},"content":{"rendered":"<p><img decoding=\"async\" loading=\"lazy\" class=\"alignright wp-image-7770 size-medium\" src=\"https:\/\/dev.lextal.ee\/wp-content\/uploads\/2021\/10\/lextal-next-poisid-300x169.jpg\" alt=\"\" width=\"300\" height=\"169\" srcset=\"https:\/\/dev.lextal.ee\/wp-content\/uploads\/2021\/10\/lextal-next-poisid-300x169.jpg 300w, https:\/\/dev.lextal.ee\/wp-content\/uploads\/2021\/10\/lextal-next-poisid-1024x576.jpg 1024w, https:\/\/dev.lextal.ee\/wp-content\/uploads\/2021\/10\/lextal-next-poisid-768x432.jpg 768w, https:\/\/dev.lextal.ee\/wp-content\/uploads\/2021\/10\/lextal-next-poisid-1536x864.jpg 1536w, https:\/\/dev.lextal.ee\/wp-content\/uploads\/2021\/10\/lextal-next-poisid-1144x644.jpg 1144w, https:\/\/dev.lextal.ee\/wp-content\/uploads\/2021\/10\/lextal-next-poisid.jpg 1600w\" sizes=\"(max-width: 300px) 100vw, 300px\" \/><a href=\"https:\/\/www.linkedin.com\/in\/ACoAABOcm4IBFPerPPKx-xfqY6ti1dLkHJWTLSU\" data-attribute-index=\"0\" data-entity-hovercard-id=\"urn:li:fs_miniProfile:ACoAABOcm4IBFPerPPKx-xfqY6ti1dLkHJWTLSU\" data-entity-type=\"MINI_PROFILE\">Rauno Kinkar<\/a>, attorney-at-law and attorney\u00a0<a href=\"https:\/\/www.linkedin.com\/in\/ACoAABf8KY8BJ5GyF57uw-91f1QIc0O8DP75hXo\" data-attribute-index=\"2\" data-entity-hovercard-id=\"urn:li:fs_miniProfile:ACoAABf8KY8BJ5GyF57uw-91f1QIc0O8DP75hXo\" data-entity-type=\"MINI_PROFILE\">Henri Ratnik<\/a>\u00a0from LEXTAL law firm sent a warning letter to the heads of state. They criticized the planned changes in the regulation of cryptocurrency.<!--more--><\/p>\n<p>&#8220;As a result, the virtual currency sector will be liquidated in Estonia as a whole,&#8221; they warned. &#8220;Figuratively speaking, service providers will pack things up and go to Lithuania. In this way, thousands of jobs and hundreds of millions of euros of investments will leave Estonia. Both existing and future. We will also lose tax revenue. &#8221;<\/p>\n<p>Lawyers mentioned that virtual currencies would not disappear. &#8220;Foreign companies can offer the service to Estonian consumers. As a result, Estonian consumers are also in a worse position than today, and the global risk of money laundering and terrorism remains. At the same time &#8211; if the respective services come in from abroad, the prevention of money laundering and terrorism and the termination of the necessary supervision are complicated compared to situations where many service providers would gather in Estonia, where they can be supervised. &#8221;<\/p>\n<p>Lawyers&#8217; assume that there is fear of the legislature and the authorities behind the bill. Their desire to impose stricter requirements on crypto companies than on the rest of the financial sector (&#8220;it is inherently stupid!&#8221;), The Estonian state has no right to ban the activities of Estonian companies abroad, and the draft criminalizes the actions of many entrepreneurs.<\/p>\n<p>Several LEXTAL&#8217;s clients operating with cryptocurrencies are worried about the future.<\/p>\n<p>Kaja Kallas, Minister of Finance\u00a0Keit Pentus-Rosimannus, Minister of Justice\u00a0Maris Lauri, Minister of Enterprise\u00a0Andres Sutt\u00a0and many others have received the opinion.<\/p>\n<p>Article about the situation in Eesti Ekspress:\u00a0<a href=\"https:\/\/lnkd.in\/e9KSq4xV\" data-attribute-index=\"17\">https:\/\/lnkd.in\/e9KSq4xV<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Rauno Kinkar, attorney-at-law and attorney\u00a0Henri Ratnik\u00a0from LEXTAL law firm sent a warning letter to the heads of state. They criticized the planned changes in the regulation of cryptocurrency.<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_mi_skip_tracking":false},"categories":[1],"tags":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v19.10 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>LEXTAL Next team: officials are afraid and therefore intend to destroy the booming business! - LEXTAL | The Baltic Law Firm<\/title>\n<meta name=\"robots\" content=\"noindex, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"LEXTAL Next team: officials are afraid and therefore intend to destroy the booming business! - LEXTAL | The Baltic Law Firm\" \/>\n<meta property=\"og:description\" content=\"Rauno Kinkar, attorney-at-law and attorney\u00a0Henri Ratnik\u00a0from LEXTAL law firm sent a warning letter to the heads of state. 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