EU Parliament Votes For Bitcoin Privacy-Busting Rules Today


European Union lawmakers voted on Thursday in favor of a de-facto surveillance regime for Bitcoin and cryptocurrency transactions as the region seeks to gather identifying information on transfers between private, self-custody wallets.

The EU Committees on Economic and Monetary Affairs (ECON) and on Civil Liberties, Justice and Home Affairs (LIBE) voted to extend anti-money laundering requirements that currently apply to fiat payments over EUR 1,000 ($1,115) to the cryptocurrency sector. However, the rules scrap the floor for payments in bitcoin and cryptocurrency, so parties of transactions of any size would need to be identified.

This website uses cookies to improve your experience. We'll assume you're ok with this, but you can opt-out if you wish. Accept Read More