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Are timestamps required by law in the financial and banking industries in Estonia?

April 26, 2017Banking estonia financial industries Law timestamps

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Are timestamps required by law in the financial and banking industries in Estonia?

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The Estonian Digital Signatures Act (2000) requires all digitally signed transactions to be timestamped. Thus, any digitally signed transaction within the banking and financial industries would require timestamps. Currently banks and financial institutions are conducting signed electronic transactions through their e-banking services and within their internal business processes.