If this morning everyone in the committee showed that they were in favor of the fact that cryptocurrencies exist, alluding only to the need for legislation on the subject, and here comes the proverb, which travels a lot with the carrot. According to a document obtained from CoinDesk There may soon be problems for the so-called Privacy Coinsthose that, to be clear, partially or completely obscure the persons involved in the transaction.
It will be an idea that different actors will continue through accident Which should lead to new regulations in the field of cryptocurrency, with the focus of those proponents who appear to be within Czech Republic. A decision that would hit both Banks and i encryption providersAnother name by which it is known exchange It provides trading or exchange services.
Which, at the moment, does not seem to have affected token prices much, which we can also find in some cases. eToro – Go here for a free virtual account with a demo capital of $100,000 – The broker is always very attentive to the crypto world, with 78+ assets of this part is already included in the price list.
We can also use it to invest with Automated trading submit it CopyTrader, a system that allows us to copy the traders we like the most and who get the best results. We also have a file Smart wallets For those who prefer a diverse and thematic product. with $50 From investments we can access the real account.
ZCash, Dash, and Monero in Danger? This is what they found
The scoop is from CoinDeskwhich talks about proposing new laws AML extension It is therefore intended for anti-money laundering policies. And within this proposal can be a ban proposal for zcashAnd the Monero And the dash, which coincides with a very high level of privacy in accordance with Sharia. The ban will affect both banks that deal in cryptocurrency – actually very few in Europe at the moment – and exchanges that want to operate on a regular basis in continent. will be single Black list Incomplete, as other tokens and coins reflecting these characteristics may be added.
Credit institutions, financial institutions and providers of crypto assets will be banned from holding privacy-focused coins.
For now, it will be a draft prepared by the European Parliamentarians in the Czech Republic and already shared with other Member States. In other words, the formal nature of this proposal is still missing.
Inexplicable decision
The decision, even from a superficial look, would seem inconsequential. The above operators are already subject to strict regulations for Know your customerComplex regulations for customer identification.
We don’t understand how banning them from brokers who can legally collect so much data on their customers could affect whether it could be used, if any, for money laundering. But it is not always given to us to know the exact reasons that hide behind certain proposals. We will see if it will actually turn into a ban throughout the territory of the Union, or if it will remain a dead letter, a bad memory of what some members of the European Parliament have tried to do without success.