☕ Europe Bans Payments from Self-Custody Crypto Wallets:

⭐Decision:

- European Union (EU) passes law prohibiting payments from self-custody wallets (where users hold their own private keys).

- Aim: To identify all individuals using cryptocurrency.

⭐Restrictions:

- Crypto payments can only be made through third-party companies such as exchanges.

- Anonymous crypto payments from self-custody wallets are banned, including mobile, desktop, and web browser wallets.

⭐Exceptions:

- The regulation does not affect buying, selling, or investing in crypto.

- Users can still use self-custody wallets to store crypto.

⭐Additional Regulation:

- Bans cash payments exceeding 10K euros.

⭐Reason:

- EU aims to strengthen control over financial activities, combat money laundering and terrorist financing.

Impact:

The regulation may affect the use of crypto in daily payments.Users may switch to using licensed crypto payment services.

Note:

The regulation is still under discussion and may change.It is important to monitor updates for further details.

#hotTrends #cryptonewstoday #BTC🔥🔥🔥🔥 $BTC $ETH $XRP