The European Commission has confirmed the submission of a new proposal calling for stricter regulation of anonymous wallets and cryptocurrency transactions. Rumors that they want to tighten regulation of cryptocurrency transactions in Europe appeared back in July, and now this has been officially announced.
The European Commission proposes to oblige companies that process cryptocurrency transactions to collect various personal data of senders and recipients: names, addresses, dates of birth and account numbers. Naturally, after the introduction of such rules, cryptocurrency holders will not be able to use anonymous wallets for transfers. The European Commission believes that tightening regulation will help law enforcement agencies in the fight against money laundering.
“Today’s amendments will provide full traceability of transfers of cryptoassets such as Bitcoin, prevent and detect their possible use for money laundering or terrorist financing.“, – said in a press release from the European Commission. “In addition, anonymous wallets will be banned.“.
“These proposals were designed to strike the right balance between addressing these threats and adhering to international standards, while not creating an undue regulatory burden on the industry.“, – explained in the document. “On the contrary, these proposals will help the development of EU cryptoassets as the industry will benefit from an updated and harmonized EU legal framework.“, – concluded the European Commission.
If these rules come into force, then anonymous coins, which primarily include Monero, Zcash and Dash, will, in fact, be banned, and the cost for conducting transactions on different sites may increase, as additional costs will be required in their infrastructure.
Tesla Semi Electric Trucks Delayed Until 2022
During the summing up of financial results for the second quarter of 2021, Tesla announced that the production of Tesla...
IP68, 5G, 48 MP, 4630 mAh and the prospect of upgrading to Android 14. Nokia XR20 rugged smartphone presented
HMD Global has officially unveiled the rugged Nokia XR20 smartphone. The novelty is protected in accordance with the American military...
Android 12 beta 3.1 is out to fix three big Android 12 issues
Despite the fact that Android 12 has already grown to the third beta version, it does not differ at all...
13,200 mAh, NFC, IP69K, 48 MP and Android 11 for $ 300. The unkillable monster of autonomy Ulefone Power Armor 13 began selling
Ulefone announced the start of sales of its new smartphone – Power Armor 13. The peculiarity of this model is...
Tesla published its report for the second quarter of 2021
Tesla has published a report for the second quarter of 2021. Revenue for the last quarter was $ 11.958 billion....
Amazon Denies Message That It Plans To Accept Bitcoin
E-commerce giant Amazon.com has denied media reports that it intends to start accepting payments in Bitcoin before the end of...
EU gives Google two months to change search results for hotels and flights
Search giant Google has two months to “improve” the way it presents its search results on the Internet by flight...
Intel renames manufacturing processes
Intel has decided to amend the naming of its technical processes in accordance with the advanced technological standards. More precisely,...
- News5 days ago
Elon Musk: “I would like Bitcoin to succeed”
- News7 days ago
Elon Musk showed a huge Super Heavy rocket with working engines
- Electric Cars6 days ago
“China Tesla” is preparing its fourth electric car. This is a flagship SUV in the size of a BMW X5 and an advanced dual lidar autonomous driving system.
- Phones7 days ago
The global shortage of chips with a delay, but still covered the smartphone industry
- News7 days ago
Bitcoin fell below the psychologically important $ 30,000 mark
- Phones6 days ago
Unbreakable smartphone with a 15 600 mAh battery, NFC and a weight of almost 500 g: presented by Oukitel WP15
- News4 days ago
Official Microsoft Flight Simulator Accessories Revealed
- News5 days ago
Volvo buys rights from Chinese Geely