Crypto Businesses Ask 27 EU Finance Ministers to Loosen Disclosure Requirements – Regulation Bitcoin News

  • 📰 BTCTN
  • ⏱ Reading Time:
  • 69 sec. here
  • 3 min. at publisher
  • 📊 Quality Score:
  • News: 31%
  • Publisher: 51%

South Africa News News

South Africa South Africa Latest News,South Africa South Africa Headlines

46 European crypto businesses and organizations have sent a letter to 27 EU finance ministers regarding crypto regulation. cryptocurrency bitcoin

Forty-six European crypto businesses and organizations have asked finance ministers in 27 European countries to loosen some regulatory requirements for the crypto industry. For example, they asked for decentralized finance projects to be excludedForty-six European crypto businesses and organizations have sent a letter to 27 EU finance ministers regarding disclosure requirements for crypto transactions, Reuters reported this week, noting that it has seen the letter.

In the letter, dated April 13, the businesses and organizations asked EU policymakers to ensure their regulations do not extend beyond the existing rules that are in line with the standards set by the Financial Action Task Force . They raised concerns about the rules requiring crypto firms to obtain information on parties involved in digital currency transfers. Specifically, they asked that the EU excludes decentralized projects, including decentralized finance , from the requirements to register as legal entities. They also noted that certain decentralized stablecoins should not be subject to the Markets in Crypto Assets regulatory framework.

The proposals leading to public disclosure of transaction details and wallet addresses “will put every digital asset owner at risk” by reducing crypto holders’ privacy and safety, the letter’s organizers noted.that would have effectively banned proof-of-work-based cryptocurrencies. The EU introduced MiCA to regulate all crypto issuers and service providers in the region.

Coinshares CEO Jean-Marie Mognetti, one of the letter organizers, noted that European crypto regulations are currently more complex than other regions. She stressed that tough regulations have deterred businesses from expanding in Europe.There hasn’t been strong enough or coordinated efforts across our industry in Europe.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

Probably yes. Such a strange thing

LUFFY LuffyV2 LuffyToken LUFFYCREW

💎🔥 Jisbar X Senna Now We are really proud to make partnership with Jisbar for our upcoming NFT collection inspired by Ayrton Senna! Also, AXL INU will be on F1 track with Senna Now SennaNow F1 customcar artcar Senna AyrtonSenna jisbar axlinu

SHIBA lNU perfectly 🌠💯 Free Airdrop SHIB ShibalnuEvent

Double up your coins 👉🌏 ShibalnuEvent

Don't miss! ShibalnuEvent

Aridrop available now at bigest event! ShibalnuEvent

Live airdrop now! ShibalnuEvent

Live airdrop now! ShibalnuEvent

Airdrop campaign 🔥Join and Invite friends ➡️ ShibalnuEvent

If you don’t try... you simply will never know👨🏼‍💻�-�Stop making excuses, and start making solutions... be a part of the success!📞✅📲�-�We have people smashing the markets daily! We teach you exactly how to trade contact me via botchmike1gmail.com if your interested.

Thanks so muchhhhhhh for this gift ShibalnuEvent

Aridrop available now at bigest event! ShibalnuEvent

Aridrop available now at bigest event! ShibalnuEvent

Airdrop campaign 🔥Join and Invite friends ➡️ ShibalnuEvent

Thanks so much fooooorrrr this gift ShibalnuEvent

Thanks so muchhhhhhh for this gift ShibalnuEvent

Reminiscence of Bitcoin at 28.5k ETH at 1.8k Brace for extreme impact(s) Capitulation at 37k China has never been greener before

Double your $shib 👉🌏 ShibalnuEvent

💎🔥 Jisbar X Senna Now We are really proud to make partnership with Jisbar for our upcoming NFT collection inspired by Ayrton Senna! Also, AXL INU will be on F1 track with Senna Now SennaNow F1 customcar artcar Senna AyrtonSenna jisbar axlinu

it works ShibalnuEvent

$Kiba is going off big time. The team have some huge partnerships with major sports teams also they just announced they will be running a $100k E-sports tournament MEMECOIN KIBARMY

AirCoinreal, participant at the global BNBCHAIN hackathon will be attending AfricaBNBChainHackathon.🚀 📅23 April ⏰2PM UTC Register Now👉🏾

I was told about xavier_emerson_ , but I was not sure if I could see a change in life. It all happened like a miracle, when I invested $2,000 into his coin pumps through telegram and got my payment of $7,000 from the pump. DM xavier_emerson_

🔥Join and Invite friends ➡️ PolygonEvent

Don't miss! PolygonEvent

🔥Join and Invite friends ➡️ PolygonEvent

Don't miss! PolygonEvent

🔥Join and Invite friends ➡️ PolygonEvent

REALLY AlRDROOOP!!👉 ShibalnuEveent

REALLY AlRDROOOP!!👉 ShibalnuEveent

Investing in cryptocurrencies is one way people are using to get rich;But it doesn't mean you become a millionaire instantly Indeed,cryptocurrency can make you rich overnight, Follow me & I'll guide you on how to earn massively using an automatic trading platform

Don't miss PolygonEvent

Don't miss! ShibalnuEvent

Here is the math. Worldwide data - % of emission from electricity 25% % of electricity used by BTC = 0.55% % of non-green in BTC usage = 42% % of emission due to BTC 0.058% Europarl_EN, Bitcoin's ban will only impact 0.058% of emission. No guts to target real causes.

T-wallet 2.0 has dapp function and will be released around 12:30 UTC today. At the same time, thanks to the material providers, airdrop rewards will be given to them.🚀🚀🚀

What is your opinion about the current Bitcoin state, since its Fear and Greed Index is 45 - NEUTRAL, with price of 39599.340822949399 usd? Our analytical team has done extended research regarding BTC, but we want to hear your opinion also.

I'm waiting for elon to give some rocketship advice, before continuing to the moon

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 531. in ZA

South Africa South Africa Latest News, South Africa South Africa Headlines