🇪🇪 An international consortium of journalists analyzed close to 300 Estonian-registered #crypto companies and discovered dozens of crimes: massive-scale fraud, money laundering, #sanctions evasion, and illicit financing of #Russian paramilitary organizations such as Wagner Group.

Reporters also found links between an Estonia-registered crypto company and #Sberbank, Russia’s largest, majority state-owned bank.

https://kyivindependent.com/investigation-baltic-registered-crypto-firms-service-payments-for-russian-private-army-allow-sanctions-evasion/

#estonia #russia #cryptocurrency 

 @826f7fe1 the erosion of oversight, the repeal of regulation, the erection of opaque business & legal structures to hide financial dealings, all put in place by the wealthy in the west has been a boon for #russia and other authoritarian governments seeking to undermine democracies