Eu Legislators Pass A Contentious Crypto Bill Amid Criticism From Industry
The plans aim to expand anti-money laundering (AML) laws to the crypto sector, which now apply to traditional payments exceeding EUR 1,000 ($1,114). They also made new legislation for crypto payments, requiring the identification of payers and recipients of even the tiniest crypto transactions, including those involving unhosted or self-hosted wallets. EU Legislators Pass a Contentious Crypto Bill Amid Criticism from Industry National governments announced in December that they wanted to eliminate the EUR 1,000 threshold for cryptocurrency, and to expand the use of private wallets not maintained by regulated crypto asset providers....