40+ crypto companies eager to prevent regulations eyed by EU that disclose cryptoholders’ personal data: Reuters
for new rules that would allow for tracing transactions that carry Bitcoin and other digital currencies. These rules, if implemented, would force crypto exchanges and other companies in this space to collect and hold information regarding participants in crypto transactions, as well as their personal data.Crypto industry rises against regulation tightening
After the April vote, 46 crypto leaders and businesses from the EU signed a letter stating that the proposed regulations will impose risks on each owner of cryptocurrencies since all details of transactions and addresses of wallets would be disclosed and open to the public. The letter stated that, in this case, the privacy and safety of cryptocurrency owners will be compromised.
Crypto leaders and businesses have also asked in the document that certain stablecoins must not be included into MiCA.Yuri is a crypto journalist interested in technology and technical innovations. He has been in crypto since 2017. Believes that blockchain and cryptocurrencies have a potential to transform the world in the future in many of its aspects. ‘Hodls’ major cryptocurrencies and has written for multiple crypto media outlets.
His articles have been quoted by such crypto influencers as Tyler Winklevoss, John McAfee, CZ Binance, Max Keiser, etc.
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