EU Rules/Regs Update

[wellington]

https://decrypt.co/104110/eu-crypto-anti-money-laundering-rules-private-wallets

 

[Martin Everson]

Ok does not sound too bad. People living in EU will just seek exchanges outside the EU potentially. Could just mean less growth for crypto businesses within the EU.

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Please note my posts should not be taken as financial or tax advice. Please seek professional advice in that respect.

 

[Willblack]

Martin Everson said:
Ok does not sound too bad. People living in EU will just seek exchanges outside the EU potentially. Could just mean less growth for crypto businesses within the EU.
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As an EU-based brokerage platform operator - this is what half of the industry will do: move operations / HQ / Entities outside of EU and continue business as usual. Most likely some of the most assgiving exchanges will bend over as usual (Coinbase, for example) and comply.

 

[lostguy]

Move out will work for them short term, long term they will have to comply one or the other way.