EU is trying to ban anonymous crypto asset wallets

Some crypto news overnight, the European Union wants to ensure the traceability of cryptocurrency transfers

EU proposes:

  • Companies that transfer cryptocurrencies (Bitcoin, for example) must collect the data of the senders and recipients.

EU methods to help control money laundering and other illegal activities.

Commission statement:

  • “Today’s amendments will guarantee full traceability of cryptocurrency transfers, such as bitcoin, and will allow the prevention and detection of their possible use for money laundering or terrorist financing.”

BTC update:

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