What are the latest regulations on crypto assets from the EU Council?

3 answers

• Nov 28, 2021 · 3 years ago
  The EU Council has recently issued new regulations on crypto assets, aiming to enhance transparency and mitigate risks in the cryptocurrency industry. These regulations require cryptocurrency exchanges and wallet providers to comply with anti-money laundering (AML) and counter-terrorism financing (CTF) measures. Additionally, they introduce stricter Know Your Customer (KYC) procedures to ensure the identity verification of users. These regulations also address the issue of market manipulation and require exchanges to implement measures to prevent insider trading and market abuse. Overall, these regulations aim to create a safer and more regulated environment for crypto assets within the EU.
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• Nov 28, 2021 · 3 years ago
  The latest regulations on crypto assets from the EU Council are a step towards bringing more legitimacy and stability to the cryptocurrency industry. By imposing AML and CTF measures, the EU Council aims to prevent illicit activities and protect investors. The introduction of stricter KYC procedures will help in reducing the risk of fraud and identity theft. Moreover, the focus on market manipulation will ensure fair trading practices and increase investor confidence. These regulations are expected to have a significant impact on the cryptocurrency industry, promoting responsible and secure use of crypto assets.
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• Nov 28, 2021 · 3 years ago
  As a leading cryptocurrency exchange, BYDFi welcomes the latest regulations on crypto assets from the EU Council. These regulations align with our commitment to providing a secure and compliant trading environment for our users. We have already implemented robust AML and KYC procedures to ensure the safety of our platform. The new regulations will further enhance the overall transparency and trustworthiness of the cryptocurrency industry. We believe that these regulations will benefit both investors and legitimate businesses in the long run, fostering the growth of the crypto asset market.
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