Law Decoded: ‘Unhosted’ wallets are just ‘wallets,’ March 28–April 4
Cointelegraph
Published Apr 04, 2022 12:48PM ET
Updated Apr 04, 2022 02:20PM ET
The European Parliament continued to keep crypto users and advocates at the edge of their seats last week as yet another piece of potentially harmful legislation — this time, a set of demanding data disclosure requirements for digital asset service providers — was rushed to a vote mere days after a near miss on banning proof-of-work-based cryptocurrencies.
Unlike the relatively happy resolution of the Markets in Crypto Assets framework situation, the EU’s new Anti-Money Laundering rules retained all the crypto-hostile language as they are going into the next round of consideration, the so-called trialogue negotiations. If the rules are enacted as they are, compliant crypto exchanges could be forced to halt transactions involving “unhosted” or self-custodied crypto wallets.
h3 Self-hosted doesn’t mean “unhosted”/h3 h3 A digital dollar without surveillance?/h3 h3 All quiet on the BTC ETF front/h3Continue Reading on Coin Telegraph
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Written By: Cointelegraph
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