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EU Parliament Votes For Bitcoin Privacy-Busting Rules

European Union lawmakers voted on Thursday in favor of a de-facto surveillance regime for Bitcoin and cryptocurrency transactions because the area seeks to collect figuring out info on transfers between non-public, self-custody wallets.

The EU Committees on Economic and Monetary Affairs (ECON) and on Civil Liberties, Justice and Home Affairs (LIBE) voted to lengthen anti-money laundering necessities that at the moment apply to fiat funds over EUR 1,000 ($1,115) to the cryptocurrency sector. However, the foundations scrap the ground for funds in bitcoin and cryptocurrency, so events of transactions of any measurement would wish to be recognized.


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