Cryptocurrencies against the rapid adoption European Union (EU) He started to work on regulation in the crypto field.
According to Reuters, in the face of the difficulties brought by regulations that stipulate strict rules for crypto money companies, More than 40 crypto companies He sent a letter to the finance ministers of 27 countries in the EU.
Reuters wrote in a letter from crypto companies on April 13 that regulations set the global standard for combating money laundering. Financial Action Task Force (FATF) He stated that he wanted it not to go beyond the rules already in force.
Because last March, EU lawmakers bitcoin He voted for regulations prepared to monitor cryptocurrencies, such as
If these regulations are approved cryptocurrency firms will need to collect and retain information about the parties to digital money transfers.
who wrote the letter Jean-Marie Mognetti, president of CoinShares and Diana Biggs, CSO of DeFi TechnologiesIn response to the March vote, said regulations would put the owners of digital assets at risk.
“The EU’s rules for regulating digital assets are more difficult and complex than other countries.
These rules also prevent crypto businesses from expanding in Europe.
In addition, regulations reduce the privacy and security of cryptocurrency holders.