According to the emerging information, the European Parliament is preparing to take new decisions to prevent anonymity in crypto money transactions. In the news, it is stated that the parliament may impose restrictions on private (unhosted) wallets in the coming days to combat crimes such as money laundering.
Cryptocurrencies Although it continues to become more common day by day and receive investment from many people, some officials remain skeptical about the issue. Positive or negative statements from places such as Europe and the USA have a significant impact on the markets.
Recently, we have conveyed to you that the US Treasury Secretary has positive thoughts about cryptocurrencies. Also, before that, President Joe Biden signed a decree that positively affected the markets. On the other hand, we shared with you that the European Parliament also rejected a regulation that would ban cryptocurrencies. Now it has emerged that the European Union is preparing to take a new step in this regard.
Moves to private wallets may come
According to documents noticed by Coindesk European Parliament members, a meeting to be held next week includes even small payments. anonymous cryptocurrency transfers plans to end it.
In the news,unhosted’ crypto money transfers to private wallets, also called wallets, will be included in anti-money laundering controls; and Turkey’s It was stated that it was requested to stop anonymous crypto money transfers between the EU and the EU. If we explain what these wallets are, wallets that are not supported by a third-party service (such as financial institutions) (such as Metamask) and where users have complete independent control over them are called ‘unhosted wallets’.
To prevent anonymity
According to current law, creditors must be identified for bank transfers over 1000 Euros. The authorities also lowered this limit, allowing money to be divided into small pieces and transferred through different people in money laundering. smurfing He plans to avoid the method.
In addition, stating that cryptocurrencies can be used to finance many crimes, the authorities plan to introduce identity checks for crypto money transfers of all sizes and to avoid anonymity plans are reported. It is also among the news that crypto money service providers will be warned about transfers that carry the risk of money laundering.
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Source :
https://www.coindesk.com/policy/2022/03/25/eu-lawmakers-to-vote-on-blocking-anonymous-crypto-payments-documents-show/