Visit Our Shop
    Twitter Telegram Facebook YouTube LinkedIn Reddit
    Twitter Telegram Facebook YouTube LinkedIn Reddit
    Disclose.tv
    Donate Shop
    • Home
    • Trending
    • Shop
    • Donate
    • About
    Disclose.tv
    Home » MEPs want to ban anonymous crypto payments in the European Union
    Economy

    MEPs want to ban anonymous crypto payments in the European Union

    Disclose.tvBy Disclose.tvApril 1, 2022Updated:April 1, 20222 Mins Read
    Twitter Facebook Telegram WhatsApp Email

    The new law is intended to prevent anonymous crypto payments in the EU and a possible exemption has now been rejected by two committees.

    On April 31, 2022, the Committee on Economic and Monetary Affairs (ECON) and the Committee on Liberties, Justice, and Home Affairs (LIBE) of the EU Parliament voted for a complete end to anonymous crypto payments within the EU. As reported by the Reuters news agency, a report calling for the identification of participants in such non-free payments was adopted by a large majority.

    According to the proposal, both the sender and recipient of the coins would have to be recorded for every transaction that is processed, for example, via a crypto exchange. The payments would thus also be comprehensible for authorities. According to Reuters, in addition to the name, the address, date of birth, account number and the name of the person receiving the payment should also be recorded.

    Criminal financial flows should be stopped

    The committees are concerned with preventing crypto transactions with a criminal background. In order to be able to prevent money laundering, for example, crypto payments would have to be linked to people.

    “Stopping the promising development of alternative and decentralized financial technologies in this way is outrageous. We need to find ways to take the best properties of cash into our digital future.”

    Pirate Party MEP Patrick Breyer

    Pirate Party MEP Patrick Breyer has voted against the report and opposes a total ban on anonymous crypto payments. “A complete ban on anonymous cryptocurrency payments would have no significant impact on crime, but would deprive law-abiding citizens of their financial freedom, ” says Breyer.

    Share. Twitter Facebook Telegram WhatsApp Email
    Previous ArticleSpaceX: No more Crew Dragon capsules for now
    Next Article Chinese researchers set a new record in encrypted quantum communication

    Donate to support us. Follow us on Twitter, Telegram, Google News, Facebook, Gab, Gettr, Locals, LinkedIn, Reddit, Minds, Rumble, and YouTube

    More Posts

    Bitcoin surges after accidentally released Treasury statement

    Creditor prepares bankruptcy proceedings against Evergrande

    Consumers’ Research: BlackRock and the Chinese Communist Party

    Evergrande stocks halted in Hong Kong

    Comments are closed.

    ARE YOU IN, YET?

    We don’t spam! Read our privacy policy for more.

    Check your inbox or spam folder to confirm your subscription.

    Twitter Telegram Facebook YouTube LinkedIn Reddit
    • Cookies
      • Privacy
    • Corrections
      • Ethics
    • Contact
      • About
    © 2023 - Disclose.tv

    Type above and press Enter to search. Press Esc to cancel.

    Manage your privacy

    To provide the best experiences, we and our partners use technologies like cookies to store and/or access device information. Consenting to these technologies will allow us and our partners to process personal data such as browsing behavior or unique IDs on this site. Not consenting or withdrawing consent, may adversely affect certain features and functions.

    Click below to consent to the above or make granular choices. Your choices will be applied to this site only. You can change your settings at any time, including withdrawing your consent, by using the toggles on the Cookie Policy, or by clicking on the manage consent button at the bottom of the screen.

    Functional Always active
    The technical storage or access is strictly necessary for the legitimate purpose of enabling the use of a specific service explicitly requested by the subscriber or user, or for the sole purpose of carrying out the transmission of a communication over an electronic communications network.
    Preferences
    The technical storage or access is necessary for the legitimate purpose of storing preferences that are not requested by the subscriber or user.
    Statistics
    The technical storage or access that is used exclusively for statistical purposes. The technical storage or access that is used exclusively for anonymous statistical purposes. Without a subpoena, voluntary compliance on the part of your Internet Service Provider, or additional records from a third party, information stored or retrieved for this purpose alone cannot usually be used to identify you.
    Marketing
    The technical storage or access is required to create user profiles to send advertising, or to track the user on a website or across several websites for similar marketing purposes.
    Statistics

    Marketing

    Features
    Always active

    Always active
    Manage options Manage services Manage vendors Read more about these purposes
    Manage options
    {title} {title} {title}
    Manage your privacy
    We use cookies to improve your experience.
    Functional Always active
    The technical storage or access is strictly necessary for the legitimate purpose of enabling the use of a specific service explicitly requested by the subscriber or user, or for the sole purpose of carrying out the transmission of a communication over an electronic communications network.
    Preferences
    The technical storage or access is necessary for the legitimate purpose of storing preferences that are not requested by the subscriber or user.
    Statistics
    The technical storage or access that is used exclusively for statistical purposes. The technical storage or access that is used exclusively for anonymous statistical purposes. Without a subpoena, voluntary compliance on the part of your Internet Service Provider, or additional records from a third party, information stored or retrieved for this purpose alone cannot usually be used to identify you.
    Marketing
    The technical storage or access is required to create user profiles to send advertising, or to track the user on a website or across several websites for similar marketing purposes.
    Manage options Manage services Manage vendors Read more about these purposes
    Manage options
    {title} {title} {title}