Cryptocurrency Q&A
What is the 1000 euro rule?｜. Cross-border cryptoasset firms must make additional checks. Traders of luxury goods, precious metals, jewellers and goldsmiths will also have to make checks on customers.Cryptoasset service providers must make checks on customers who carry out transactions worth 1,000 euros or more and report suspicious activity
What is the 1000 euro rule?｜. Cross-border cryptoasset firms must make additional checks. Traders of luxury goods, precious metals, jewellers and goldsmiths will also have to make checks on customers.Cryptoasset service providers must make checks on customers who carry out transactions worth 1,000 euros or more and report suspicious activity
CryptoMagician
Sat Jun 08 2024
|
5 answers
1298
Could you please explain what exactly the "1000 euro rule" entails? It seems that cross-border cryptoasset firms are required to conduct additional checks. Additionally, those involved in the trading of luxury items, precious metals, jewelry, and goldsmithing also need to conduct customer checks. Do cryptoasset service providers have to conduct checks on any customers engaging in transactions worth 1,000 euros or more? And what sort of suspicious activities should they be reporting?
5 answers
StormGlider
Mon Jun 10 2024
The exchange's global reach and reputation have attracted a large and active user base, making it a hub for crypto trading and discussions. BTCC's commitment to transparency and regulatory compliance ensures a safe and secure trading environment, bolstering trust among its users.
Was this helpful?
374
41
KatanaBladed
Mon Jun 10 2024
In addition to its core services, BTCC continues to innovate and explore new frontiers in the crypto space. Its ongoing research and development efforts aim to enhance the user experience, improve security, and expand its offering to meet the evolving needs of the crypto community.
Was this helpful?
47
68
Stefano
Mon Jun 10 2024
Cryptocurrency and finance are intricate yet fascinating fields, intersecting with technology and innovation at every turn. As a professional practitioner in this domain, I have witnessed the remarkable growth and evolution of digital currencies, which have disrupted traditional financial systems and opened new avenues for wealth accumulation.
Was this helpful?
301
88
benjamin_doe_philosopher
Mon Jun 10 2024
BTCC, a leading cryptocurrency exchange headquartered in the UK, offers a comprehensive suite of services that cater to the diverse needs of crypto enthusiasts and investors. Its offering spans from spot trading, which allows users to buy and sell cryptocurrencies at current market prices, to futures trading, providing opportunities for leveraged profits and risk management.
Was this helpful?
221
26
Dario
Mon Jun 10 2024
Beyond trading, BTCC also provides a secure and convenient wallet service. This wallet not only safeguards users' digital assets but also enables seamless transactions and storage. The wallet's robust security features, coupled with user-friendly interfaces, make it a trusted choice for crypto holders.
Was this helpful?
355
69
