Binance Square
Home
Notification
Profile
Trending Articles
News
Creator Center
Settings
LIVE
LIVE
Raja Boss official
Bullish
--・2.5k views
EU Implements Ban on Unverified Self-Hosted Crypto Wallets STORY HIGHLIGHTS The European Union has introduced a ban on unverified non-custodial crypto wallet transactions. The legislation is expected to be fully implemented within three years. German MEP Patrick Breyer and Gunnar Beck have voiced opposition to the regulation. The European Union (EU) has adopted an effective ban on crypto transactions committed through non-custodial wallets that have not been verified. This measure forms part of the broader Anti-Money Laundering (AML) directives aimed at combating financial crimes. A majority of the European Parliament‘s leading commission on March 19 approved the decision, and this stand implies a unified stand against anonymous transactions. The regulation targets transactions through self-custody wallets that lack proper identification, encompassing those facilitated by mobile, desktop, or browser applications. The plan is tailored to overcome the gap that enables the anonymous movement of funds, which is a way used to commit crimes. The ban applies both to cash transactions above 10,000 euros and to anonymous cryptocurrency payments over 3,000 euros. #HotTrends #BNBChain

EU Implements Ban on Unverified Self-Hosted Crypto Wallets

STORY HIGHLIGHTS

The European Union has introduced a ban on unverified non-custodial crypto wallet transactions.

The legislation is expected to be fully implemented within three years.

German MEP Patrick Breyer and Gunnar Beck have voiced opposition to the regulation.

The European Union (EU) has adopted an effective ban on crypto transactions committed through non-custodial wallets that have not been verified. This measure forms part of the broader Anti-Money Laundering (AML) directives aimed at combating financial crimes. A majority of the European Parliament‘s leading commission on March 19 approved the decision, and this stand implies a unified stand against anonymous transactions.

The regulation targets transactions through self-custody wallets that lack proper identification, encompassing those facilitated by mobile, desktop, or browser applications. The plan is tailored to overcome the gap that enables the anonymous movement of funds, which is a way used to commit crimes. The ban applies both to cash transactions above 10,000 euros and to anonymous cryptocurrency payments over 3,000 euros.

#HotTrends #BNBChain

Disclaimer: Includes third-party opinions. No financial advice. See T&Cs.
0
Explore Content For You
Sign up now for a chance to earn 100 USDT in rewards!
or
Sign up as an entity
or
Log In
Relevant Creator
LIVE
Raja Boss official
@Raja_Boss_official

Explore More From Creator

A gold pocket watch that belonged to the richest man on the Titanic has sold at auction for a record-breaking £1.175 million, which is roughly $1.5 million. The watch had belonged to John Jacob Astor IV, a businessman and real estate developer who went down with the ship when it sank in the Atlantic Ocean in 1912. Astor IV, who was 47 at the time the Titanic sank, helped his wife, Madeleine, onto a lifeboat and then smoked a last cigarette as the ship went down. The 14-carat gold Waltham pocket watch, engraved JJA, was found on his body when it was recovered a week later.
--
What can be said about the disastrous Galaxy Note 7 that hasn't already been said? The Note 7 one of Samsung's big flagship phones - had a little problem where it occasionally caught fire and/or exploded. There was a car that supposedly was burned down by one. The phones have been outright banned on flights, and Samsung had to recall the entire line.
--
Google is now the world's fourth most valuable public company, right behind Nvidia, Apple, and Microsoft, which has a market cap of just over $3 trillion and overtook Apple earlier this year for first place.
--
In the early 1980s, Coke was losing ground to Pepsi. The infamous "Pepsi Challenge" ads were largely responsible for Pepsi's surge. In response, Coca-Cola tried to create a product that would taste more like Pepsi. While New Coke fared well enough in nationwide taste tests before launching in 1985, it turned out those were misleading. Coke abandoned the product after a few weeks and went back to its old formula. It also gave its product a new name: Coca-Cola Classic.
--
A UK couple's home renovation project turned into a profitable venture when they discovered a $75,000 treasure trove under their kitchen floor. Robert and Betty Fooks were renovating their farmhouse in southern England when they found a valuable collection of 17th-century coins concealed beneath their kitchen. Fooks' South Poorton Farm is a 17th-century cottage located in a small hamlet in West Dorset. The couple purchased the long house in 2019 and removed the modern concrete floor during their extensive renovation. The coins were discovered while digging down two feet to expand the downstairs area. The collection, which includes Elizabeth I silver shillings, Charles I gold unite coins, James I silver sixpence coins, and more, was estimated to have a value of $75,000.
--

Latest News

Crypto Market Cap Drops Below $2.4 Trillion
--
Runes Factory To Launch New Product At Hong Kong Summit
--
Binance Market Update (2024-04-30)
--
Animoca Brands To Venture Into Bitcoin Sector With BLIF Token Support
--
Bitcoin(BTC) Drops Below 62,000 USDT with a 0.73% Decrease in 24 Hours
--
View More
Sitemap
Cookie Preferences
Platform T&Cs
Sitemap
Platform T&Cs
ba-one-trust-cookie