CryptoLegend
Sat Jun 08 2024
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7 answers
1518
What is the EU decision on crypto?｜, along with an initiative to introduce identity checks for offline wallets accepting funds. That is, crypto exchanges in the EU will require KYC for their clients to complete any transaction.The provision that regulates the €1,000 limit for businesses using their own crypto wallets for transactions was removed
Could you please elaborate on the recent EU decision regarding cryptocurrency? I've heard there's an initiative to introduce identity checks for offline wallets receiving funds. Does this mean that crypto exchanges in the EU will now mandate KYC procedures for their clients to complete any transactions ? Also, I've noticed the removal of the €1,000 limit for businesses utilizing their own crypto wallets for transactions. Could you explain the rationale behind these decisions and their potential impacts on the crypto industry?
