JUST IN: European lawmakers have voted to limit anonymous crypto transactions and enforce KYC rules on unhosted wallets. jackschickler reports
European Union lawmakers voted today in favor of controversial measures to outlaw anonymous crypto transactions, a move the industry said would stifle innovation and invade privacy.
Members of the center-right European People's Party opposed many of the more controversial changes, condemning what they called a “de facto ban of self-hosted wallets.” A separate legal proposal also discussed today would stop transfers being made to “non-compliant” crypto service providers, which includes those operating in the EU without authorization or that are not affiliated to or established in any jurisdiction., and from legal experts who warned that overly heavy handed privacy violations could face legal challenges in EU courts.
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