Express

The European Commission's New Proposal Aims To Ban Anonymous Cryptocurrency Wallets

Mary Liu

Summary: According to a Reuters report, the European Commission proposed on Tuesday that companies must collect detailed information on the sender/receiver of BTC or other crypto assets, such as the customer’s name, address, age, and recipient’s name.  As part of the committee's fight against the financing of terrorism and money laundering, the proposal means that the ...

According to a Reuters report, the European Commission proposed on Tuesday that companies must collect detailed information on the sender/receiver of BTC or other crypto assets, such as the customer’s name, address, age, and recipient’s name. 

As part of the committee's fight against the financing of terrorism and money laundering, the proposal means that the EU wants to ban anonymous cryptocurrency wallets, the committee claimed in its statement that the new proposed law will make Bitcoin and other cryptocurrencies fully traceable.

Last Update:

Tags: ,,
Link: The European Commission's New Proposal Aims To Ban Anonymous Cryptocurrency Wallets   [Copy]
Next:

Related Articles

  • From Data Rights to Digital Property: Whistleblower Brittany Kaiser on Blockchain, RWA,... 5 days ago
  • The Base Chain's Ascent: How Deep Coinbase Integration and JPMorgan's Pilot Are Reshapi... 11 days ago
  • Tether in Trouble? U.S. Senate Just Passed a Law That Could Dethrone the $155B Stableco... 14 days ago
  • Justin Sun's Nasdaq Gamble: How Six Years Forged Ties with the Trump Family 15 days ago
  • The Crypto IPO Wave: From Fringe to Front Page 18 days ago

    • You need to login to comment.