On April 20, the European Parliament approved the regulation of digital currency with 517 votes in favor, 38 votes against and 18 abstentions.
According to AFP news agency, the new regulation is to ensure that authorities can trace digital currency assets; prevent money laundering, terrorist financing and other criminal activities.
Major crypto-related service providers must protect their clients' assets and be held liable if they lose them. In addition, they will have to disclose energy consumption, as often digital currency-related activities emit huge emissions.
Parties supporting digital currency transactions must also register with the authorities.
It is argued that cryptocurrencies are still in their infancy and there are doubts about their long-term future.
However, the EU is looking to regulate this market and is almost one of the first legislative bodies to do so.
This further confirms the solidity of crypto
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According to AFP news agency, the new regulation is to ensure that authorities can trace digital currency assets; prevent money laundering, terrorist financing and other criminal activities.
Major crypto-related service providers must protect their clients' assets and be held liable if they lose them. In addition, they will have to disclose energy consumption, as often digital currency-related activities emit huge emissions.
Parties supporting digital currency transactions must also register with the authorities.
It is argued that cryptocurrencies are still in their infancy and there are doubts about their long-term future.
However, the EU is looking to regulate this market and is almost one of the first legislative bodies to do so.
This further confirms the solidity of crypto
BTCUSDT BUY LIMIT 27000 - 26800 💯💯
✅𝖳𝖯1 27200
✅𝖳𝖯2 27500
✅TP3 28000
🛑𝖲𝖫 26500
