Why EBA Proposals Would Set an Absurd Precedent for Bitcoin Startups

Why EBA Proposals Would Set an Absurd Precedent for Bitcoin Startups

The European Banking Authority (EBA) wrote an opinion on the application of its 4th Anti-Money Laundering Directive (4AMLD) to virtual currency exchanges and wallets last week. A response to recommendations from the European Commission, the EBA's remarks notably mention that VC exchanges and wallets operating in multiple countries in the EU "may […] be required to be registered or licensed in each Member State in which they intend to provide VC-related services". The seemingly small aside in the nine-page response is notable, as such a measure would be akin to the state-by-state....


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Bitnexo Wins South American Final of BBVA Competition

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