EU to Vote on New Draconian AML Package for Service Providers on April 22nd
- The sweeping AML package aims to eliminate anonymous cash payments over €3000 in commercial transactions and prohibit cash payments above €10000 in business transactions. It would also require AML/KYC checks on all bitcoin payments to custodial wallets operated by regulated service providers.
- "The prohibition does not apply to providers of hardware and software or providers of self-hosted wallets insofar as they do not possess access to or control over those cryptoassets wallets."
https://www.nobsbitcoin.com/eu-inches-closer-to-new-draconian-aml-agreement/
No Bullshit Bitcoin
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2024-03-24 02:58:52
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npub1hxjnw53mhghumt590kgd3fmqme8jzwwflyxesmm50nnapmqdzu7swqagw3Published at
2024-03-24 02:58:52Event JSON
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"content": "EU to Vote on New Draconian AML Package for Service Providers on April 22nd\n\n- The sweeping AML package aims to eliminate anonymous cash payments over €3000 in commercial transactions and prohibit cash payments above €10000 in business transactions. It would also require AML/KYC checks on all bitcoin payments to custodial wallets operated by regulated service providers.\n\n- \"The prohibition does not apply to providers of hardware and software or providers of self-hosted wallets insofar as they do not possess access to or control over those cryptoassets wallets.\"\n\nhttps://www.nobsbitcoin.com/eu-inches-closer-to-new-draconian-aml-agreement/",
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