EU Lawmakers Vote to Impose €1,000 Limit on Unidentified Crypto Transactions – Regulation Bitcoin News

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EU Lawmakers Vote to Impose €1,000 Limit on Unidentified Crypto Transactions – Regulation Bitcoin News
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EU lawmakers have voted in favor of imposing a €1,000 limit on crypto transactions where the customer cannot be identified. cryptocurrency bitcoin $BTC

“Entities, such as banks, assets and crypto assets managers, real and virtual estate agents, and high-level professional football clubs, will be required to verify their customers’ identity, what they own and who controls the company,” the European Parliament emphasized.

“According to the adopted texts, entities, such as banks, assets and crypto assets managers, real and virtual estate agents and high-level professional football clubs, will be required to verify their customers’ identity, what they own and who controls the company,” the European Parliament detailed, adding:

European Parliament Member Aurore Lalucq explained on Twitter that new legislation specifically affects cryptocurrency trading platforms and non-fungible tokens .

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