Quote from: Porfirii on July 02, 2023, 11:03:13 AM

Quote from: zasad@ on July 01, 2023, 01:55:56 PM

Quote from: Gozie51 on July 01, 2023, 01:42:49 PM

Quote from: zasad@ on June 28, 2023, 03:19:15 PM

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If you work by law, then you are required to accept stablecoins from identified wallets and send money to identified wallets.
I think that stablecoins are superfluous in this market and their regulation will get worse until all wallets pass KYC. And if they fail to meet this requirement, they will be removed from the market.

That's worrying. What will happen with long term holders? Will they be forced to go through scrutiny due to the fact that until now identified wallets were not the norm? Will this apply only to stablecoins as you mentioned, or with cryptos in general? I have to catch up with the new european regulation: I thought it was addressed to service providers, but it seems that users like us should also be aware.

Stablecoins are now at increased risk of falling under the new regulation. Searching for every owner of a wallet with $1,000 is expensive, but for example, wallets over $10,000 may require a KYC procedure. If I correctly understood the law of Europe, then exchanges, not special organizations, are responsible for the KYC procedure.