The proposal contains a provision preventing traders in goods or services from accepting cash
payments  of  over  EUR  10  000  for  a  single  purchase,  while  allowing  Member  States  to
maintain  in  force  lower  ceilings  for  large  cash  transactions.  This  ceiling  does  not  apply  to
private operations between individuals. The Commission must assess the benefits and impacts
of  further  lowering  of  this  threshold  within  three  years  of  application  of  the  proposed
EN 11  EN
Regulation.  The  provision  and  custody  of  anonymous  crypto-asset  wallets  are  prohibited.
Companies  that  are  not  listed  are  prohibited  from  issuing  bearer  shares  and  are  required  to
register  those  shares.  The  issuance  of  bearer  share  warrants  is  only  allowed  in  intermediated
form.

The modifications introduced by the Council in its position streamline and clarify the Commission’s proposal, in particular by introducing requirements for crypto-asset transfers between crypto-asset service providers and un-hosted wallets.