The European Parliament opposed the anonymity of crypto

04.04.2022 06:08
by Artem Ustinov
1 min read

The European Parliament opposed the anonymity of crypto

The European Parliament will vote on tough new rules for identifying cryptocurrency transactions in April.

The European Parliament’s Committee on Economic and Monetary Affairs (ECON) and the Committee on Civil Liberties (LIBE) voted for the identification of crypto operations. The provision on the transparency of crypto transactions was accepted by a 93-14 margin. Cryptocurrencies want to be tracked just like fiat money transfers.

The new EU rules should remove all minimum thresholds and exemptions. This means that any crypto transfer will need to be tracked regardless of its amount.

Author

  • Crypto analyst and practitioner trader with the law and managerial education. Active investor and crypto enthusiast. Worked as an analyst and copywriter in a brokerage company. Accompanied by DAO and NFT projects of different levels of complexity.

Trending news

Subscribe and be in touch
Click here