EU Banking Watchdog to Deepen Probe of Links Between Banks, Crypto Entities

Well, on the one hand, this seems normal to me, the EBA is dedicated to monitoring both banking institutions and financial institutions of other types, which are not banks. Those that deal with cryptocurrencies fall into this second type, so it is to be expected. But on the other hand, we see how they want to act as a control mechanism, anti-privacy, with the excuse of preventing money laundering:

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The EBA has already taken some action to address the role crypto may play in stressing the system. In November, it published draft rules on liquidity and capital requirements for stablecoin issuers in line with the EU's new Markets in Crypto Assets (MiCA) regulation. It has also proposed rules that would see individuals with stakes of more than 10% in a crypto company vetted for convictions or sanctions and told crypto companies to watch for customers using privacy coins or self-hosted wallets to spot potential money laundering.

So by handling your currencies with your passwords from your HW, you will be suspected by default of money laundering.

Morons.

Topic: EU Banking Watchdog to Deepen Probe of Links Between Banks, Crypto Entities (Read 79 times)