EU Proposes Law To KYC All Wallet Transfers
The EU proposed a law that would force companies engaging in BTC transactions and transfers to collect identities of senders and receivers.The European Commission has proposed a law that would force companies that engage in Bitcoin transactions and transfers within the EU to collect the identities of senders and receivers. Under this law Bitcoin transactions from companies would then become know-your-customer (KYC) compliant and traceable. Wire transfers are already subject to this regulation under what is called the “travel rule.” The proposal comes after a recommendation by the Financial....
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According to a Consensys blog post published on October 11, the Ethereum-based wallet Metamask has added instant bank-to-crypto transfers via the automated clearing house (ACH) settlement merchant Sardine. Metamask Users Can Swap Fiat for Over 30 Crypto Tokens On Tuesday, the crypto firm Consensys published an announcement that explains the ETH wallet Metamask has added bank-to-crypto transfers through the ACH company Sardine. “With Sardine’s new instant ACH integration, you can buy crypto instantly with no settlement delays,” Consensys explains in the recently....
The European Commission has proposed legislation to “ensure full traceability of crypto-asset transfers, such as bitcoin,” in order to prevent and detect “their possible use for money laundering or terrorism financing.” Moreover, “anonymous crypto asset wallets will be prohibited.” New EU Rules Ban Anonymous Crypto Transactions and Wallets The European Commission presented a set of legislative proposals Tuesday aimed at strengthening the EU’s anti-money laundering and countering terrorism financing (AML/CFT) rules. Among the proposals is a revision....
The high amount of ETH transfers just a month prior to the Merge generated community curiosity, with some claiming it to be a dump while others believe it could be done for staking. An Ethereum (ETH) whale wallet that participated in the Genesis Initial Coin Offering (ICO) and obtained about 150,000 ETH in 2014 was activated again on Aug. 14 after three years of dormancy.The whale address transferred 145,000 ETH to multiple wallets as Ether price surged to a new 3-month high of over $2,000. The transfers were made in a batch of 5,000 ETH per transaction and a few transfers of over 10,000....
We’ve seen it in the films. Someone’s forced with violence to give up sensitive data and allow a bad actor to extract wealth from a hostage. Adding Plausible Deniability to a Bitcoin Wallet. Bitcoiners worry about this, too. On forums where enthusiasts of the cryptocurrency hang out, a popular refrain for some is: “if someone had a gun to your head,....
Bitwala, the service that lets EU citizens pay their bills in bitcoin — as well as offering a bitcoin debit card — has recently announced its new Bitwala Bitcoin Wallet service. This new wallet integrates both of their existing services into the same platform, reportedly making the whole process of paying bills and topping up a debit card with bitcoin a lot smoother and easier. Bitwala: Pay Everyday Bills with Bitcoin. Bitwala is a service that lets its users pay everyday bills in bitcoin, including but not limited to utility bills, phone bills, and mortgage payments. The user sends the....