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EU lawmakers have voted in favor of imposing a €1,000 limit on crypto transactions where the customer cannot be identified. “Entities, such as banks, assets and crypto assets managers, real and virtual estate agents, and high-level professional football clubs, will be required to verify their customers’ identity, what they own
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European Union lawmakers have adopted new draft legislation imposing a 1,000 euro ($1,083) cap on anonymous crypto transfers to combat money laundering and terrorist financing.According to a European Parliament statement published on March 28, the limit would apply to a crypto asset transfer when a customer can’t be identified. Cash
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Crypto rules form part of a money-laundering overhaul supported by the European Parliament Committees Source
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Under the current proposal, traders would be forbidden from making or accepting anonymous crypto transfers over 1,000 euros ($1,080). If the customer's identity can be verified or if a regulated crypto provider is involved, the transaction would be allowed. The initial draft of the law was even harsher, but the
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Brian Armstrong, the chief executive officer of United States-based cryptocurrency exchange Coinbase, has renewed calls for crypto users to “elect pro-crypto candidates.”In a March 23 Twitter Spaces discussion, Armstrong said Coinbase would be making efforts to organize the roughly 50 million U.S. citizens who use crypto into a political force.
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Social media stars wouldn’t be allowed to shill unlicensed crypto under anti-scam plans voted on by the National Assembly’s Economics Committee Wednesday Source
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United States Senators Elizabeth Warren and Ron Wyden have cited the recent collapse of three major banks to call on the Public Company Accounting Oversight Board to “rein in” audits of crypto firms.In a March 21 letter to Public Company Accounting Oversight Board chair Erica Williams, Warren and Wyden reiterated
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French lawmakers have proposed a ban on the promotion of certain financial products and services by electronic means, including crypto assets, in order to protect consumers from potential risks. The proposed amendment is to Bill no. 790, aimed at combating scams and excesses by influencers on social networks. The amendment also
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“We’re going through that mechanical process right now,” Tillis said Wednesday at a Bipartisan Policy Center event in Washington. He said “all the ideas coming from various offices” are under that review, with an aim toward finding components that could clear a Congress split between the parties. Tillis sits on
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“Web 3 can be one of the biggest factors in bringing to fruition India’s dream of becoming a $5 trillion economy. Negative focus on cryptocurrency, a bit obsessive in the earlier years, has affected the perception about Web3 and its usage. The blockchain narrative needs a paradigm shift from the
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