No Bullshit Bitcoin on Nostr: EU to Vote on New Draconian AML Package for Service Providers on April 22nd - The ...
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/
- 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/