Weeks ago, Bitcoin narrowly avoided a de facto ban in Europe 👀 But now, crypto investors in the EU face a new threat amid a planned crackdown on unhosted wallets 🚨
Weeks after narrowly avoiding a de facto ban on Bitcoin, Europe is on the brink of enforcing regulations that could cause huge problems for crypto investors.
European politicians are currently working on anti-money laundering regulations — and one of the measures already proposed would see exchanges become responsible for collecting personal information whenever transfers are made that involve an unhosted wallet. Another provision would mean that an exchange would have to inform the authorities every time one of their users receives more than €1,000 from an unhosted wallet — even if there is no evidence to suggest that money laundering is taking place. According to Hansen, this amounts to "an absolute violation of privacy rights."
France Dernières Nouvelles, France Actualités
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