The Estonian government has approved a bill to regulate cryptocurrency service providers, which will also need to pass a parliamentary vote. The bill will make Estonia comply with EU Markets in Crypto-Assets (MiCA) regulations. Under the legislation, providers will be regulated by the Financial Supervisory Authority (FSA). Currently, cryptocurrency service providers are registered by the Financial Intelligence Unit (FIU) and must comply with anti-money laundering (AML) rules. The FSA will start issuing licenses in 2025, and FIU license holders must apply for an FSA license by the end of that year. Estonian Finance Minister Mart Võrklaev said he believed anyone who takes the issue seriously and wants to provide services will be able to obtain a new license from the Financial Supervisory Authority.