Permainan judi slot online terbaik

slot hoki terpercaya

  • About
  • Contact
  • Privacy Policy
  • bitcoinBitcoin$22,973.00-0.52%
  • ethereumEthereum$1,579.66-0.06%
  • xrpXRP$0.4031250.48%
  • bitcoin cashBitcoin Cash$133.201.18%
Cryptovibes.com - Daily Cryptocurrency and FX News
  • Home
  • News
  • Analysis
  • Crypto
    • Tamadoge
    • Crypto Presales
  • Autotrading
    • BitVestment
    • BitProfit
    • Bit Index AI
    • Metaverse Profit
    • Today Profit
    • Quantum Code
    • Bitcode Prime
    • Bitprime Gold
    • Bitcoin Motion
    • Bitcoin Smarter
    • Bitcoin Robot Guide
    • Bitcoin Future
    • Bitcoin Millionaire Pro
    • Bitcoin Pro
    • BitiCodes
    • Bitcoin Loophole
    • Bitcoin Up
    • Bitcoin Storm
    • Bitcoin SuperSplit
    • Bitcoin Supreme
    • TeslaCoin
    • Bitcoin System
    • Bitcoin Fortress
    • Immediate Edge
    • Bitcoin Profit
    • Bitcoin Trader
    • Bitcoin Bank
    • Bitcoin Union
    • BitQT
    • Bitcoin Prime
    • Profit Compass
    • Bitcoin Champion
    • Bitcoin Optimizer
    • NFT Profit
    • Bitcoin Decoder
    • PBN Invest
    • Quantum AI
    • Celebrities
      • Teeka Tiwari Investment plan
      • Kate Winslet Bitcoin
      • Holly Willoughby Bitcoin
      • Ant McPartlin Bitcoin
      • Nicole Kidman Bitcoin
      • James McAvoy Bitcoin
      • Jim Davidson Bitcoin
      • Peter Lim Bitcoin
      • Jonathan Ross Bitcoin
      • Bear Grylls Bitcoin
      • Phillip Schofield Bitcoin
      • Mike Hosking Bitcoin
      • Ryan Reynolds Bitcoin
      • Dick Smith Bitcoin
    • Broker Reviews
      • Herdos Review
      • FXTB Review
  • Disclaimer
  • PR
No Result
View All Result
Cryptovibes.com - Daily Cryptocurrency and FX News
No Result
View All Result

EU Parliament Can Ban Transacting With ‘Unhosted’ Wallets – Crypto Advocate

John Wanguba by John Wanguba
March 28, 2022
in Crypto news, Regulation
Reading Time: 4min read
EU To Raise $140B To Shield Consumers From Imminent Energy Crisis
Rate this post

Barely a week after a possible ban on Proof-of-Work (PoW) digital assets was dropped from the European Union’s prospective MiCA infrastructure, which is a new threat to the crypto space may be emerging in the European Union. This time around, it is non-custodial, or unhosted, wallets that are in the regulators’ crosshairs.

This proposed legislation may need exchanges to authenticate personal data behind any transaction. On March 31, the European Parliament Committee on Economic and Monetary Affairs is set to vote on an anti-money laundering (AML) regulatory package that aims to revise the current Transfer of Funds Regulation (TFR) in a manner that extends the need for financial institutions to attach important information on the transacting parties to cryptocurrency assets.

The rapporteurs of the rules and regulation are Ernest Urtasun from the Greens and Assita Kano from the Conservatives and Reformists group. As cryptocurrency proponent Patrick Hansen from blockchain company Unstoppable DeFi warned, the latest draft of the law would need crypto service providers not just to collect personal data that is related to the transfers made to and from the unhosted wallets as they are already compelled to do, but:

“Verify the accuracy of information with respect to the originator or beneficiary behind the unhosted wallet.”

The real issue with the language is that in most cases it can be challenging, if not now impossible, for the crypto service providers to authenticate an “unhosted” counterpart. Therefore, to remain compliant and safeguard their place in the European Union market, these firms would be compelled to cut off transactions with unhosted wallets, Hansen fears.

Although lawmakers put some guidelines for verification processes and regulations in place, the possible operational costs of compliance might scare off the smaller players and lead to a lot of market concentration.

This draft also features the obligation to inform the “competent AML authorities” of any transfer worth 1,000 EUR or more to/from an unhosted wallet. Furthermore, within a year after the bill’s enactment, the European Union Commission would be needed to assess whether any “additional specific measures to mitigate the risks” from such transactions are required.

It is not quite clear what extra measures might be implied, but, as Hansen warned, this might mean anything up to the outright ban on non-custodial wallets.

Like what you're reading? Subscribe to our top stories
Tags: "Regulation on Markets in Crypto Assets" (MiCA)AMLanti-money laundering (AML)Bitcoin regulationEUEuroEuropeEuropean UnionKYCLawMiCAPOWproof-of-workRegulation

Related Posts

Argo Blockchain Accused Of Misleading Investors In Class Action Lawsuit
Blockchain

Argo Blockchain Accused Of Misleading Investors In Class Action Lawsuit

January 27, 2023
State Senator Sponsors Bill To Make Bitcoin Legal Tender In Arizona
Crypto news

State Senator Sponsors Bill To Make Bitcoin Legal Tender In Arizona

January 27, 2023
Senators Wyden And Warren Doubt Quality Of Auditors’ Oversight In Wake Of FTX Saga
Crypto news

Senators Wyden And Warren Doubt Quality Of Auditors’ Oversight In Wake Of FTX Saga

January 27, 2023
Facebook Twitter Instagram Telegram RSS Youtube

Newsletter

Like what you're reading? Subscribe to our top stories
situs qq online terpercaya
probola
Menyajikan live score bola terkini
www.jamberrynails.net
adtoken.com
Agen bola
judi online slot
daftar judi slot terbaru
situs BandarQQ Online
Situs judi online Terpercaya
poker online
judi bola
slot pragmatic
situs judi bola
situs judi bola
pragmatic play
judi bola
Situs Slot TOS885

Copyright © 2017-2019 Cryptovibes.com. Price data provided by our official partner CoinGecko.

No Result
View All Result
  • Home
  • News
  • Analysis
  • Crypto
    • Tamadoge
    • Crypto Presales
  • Autotrading
    • BitVestment
    • BitProfit
    • Bit Index AI
    • Metaverse Profit
    • Today Profit
    • Quantum Code
    • Bitcode Prime
    • Bitprime Gold
    • Bitcoin Motion
    • Bitcoin Smarter
    • Bitcoin Robot Guide
    • Bitcoin Future
    • Bitcoin Millionaire Pro
    • Bitcoin Pro
    • BitiCodes
    • Bitcoin Loophole
    • Bitcoin Up
    • Bitcoin Storm
    • Bitcoin SuperSplit
    • Bitcoin Supreme
    • TeslaCoin
    • Bitcoin System
    • Bitcoin Fortress
    • Immediate Edge
    • Bitcoin Profit
    • Bitcoin Trader
    • Bitcoin Bank
    • Bitcoin Union
    • BitQT
    • Bitcoin Prime
    • Profit Compass
    • Bitcoin Champion
    • Bitcoin Optimizer
    • NFT Profit
    • Bitcoin Decoder
    • PBN Invest
    • Quantum AI
    • Celebrities
      • Teeka Tiwari Investment plan
      • Kate Winslet Bitcoin
      • Holly Willoughby Bitcoin
      • Ant McPartlin Bitcoin
      • Nicole Kidman Bitcoin
      • James McAvoy Bitcoin
      • Jim Davidson Bitcoin
      • Peter Lim Bitcoin
      • Jonathan Ross Bitcoin
      • Bear Grylls Bitcoin
      • Phillip Schofield Bitcoin
      • Mike Hosking Bitcoin
      • Ryan Reynolds Bitcoin
      • Dick Smith Bitcoin
    • Broker Reviews
      • Herdos Review
      • FXTB Review
  • Disclaimer
  • PR

Copyright © 2017-2019 Cryptovibes.com. Price data provided by our official partner CoinGecko.

Situs sbobet resmi terpercaya. Daftar situs slot online gacor resmi terbaik. Agen situs judi bola resmi terpercaya. Situs idn poker online resmi. Agen situs idn poker online resmi terpercaya. Situs idn poker terpercaya.

situs idn poker terbesar di Indonesia.

List website idn poker terbaik.
This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy and Cookie Policy.