Post
Topic
Board Press
Re: [2021-07-21] Bitcoin and Ethereum take a hit after EU proposes anti-terror crypt
by
stompix
on 22/07/2021, 12:22:33 UTC
Yeah, it seems like they're mixing up wallets with crypto service providers.

Yeah, they have mixed the banning of the actual wallet with banning the offering and facilitating of transactions from anonymous wallets to financial services inside the EU, that's all, but it takes one dumb tweet to make things blow out of proportion.

The whole proposal of the directive is about enforcing AML/KYC rules , nothing more

Quote
The anonymity of crypto-assets exposes them to risks of misuse for criminal purposes. Anonymous crypto-asset wallets do not allow the traceability of crypto-asset transfers, whilst also making it difficult to identify linked transactions that may raise suspicion or to apply to adequate level of customer due diligence. In order to ensure effective application of AML/CFT requirements to crypto-assets, it is necessary to prohibit the provision and the custody of anonymous crypto-asset wallets by crypto-asset service providers.

Quote
Credit institutions, financial institutions and crypto-asset service providers shall be prohibited from keeping anonymous accounts, anonymous passbooks, anonymous safe-deposit boxes or anonymous crypto-asset wallets as well as any account otherwise allowing for the anonymisation of the customer account holder