Ledger, Aave, and Blockchain.com called on the EU to ease the crypto market regulation
In their view, over-regulation hinders the development of Web 3.0 technologies and threatens the privacy of users of digital assets
21.04.2022 - 08:15
228
1 min
0
What’s new? A group of crypto companies has signed an appeal to EU finance ministers and lawmakers calling to ease the requirements of the regulation of the cryptocurrency industry, CoinDesk reports. The initiative’s authors include representatives from companies such as Aave, Blockchain.com, and Ledger.
What else is known about the proposals from the community? A letter to the EU authorities states that the European Parliament’s proposals to disclose transactions and wallet addresses will risk derailing years of preparatory work and the future of Web 3.0 in Europe, as well as putting the privacy of every cryptocurrency owner at risk.
What had happened before? In mid-March, the Committee on Economic and Monetary Affairs of the European Parliament (ECON) adopted a bill on Markets in Crypto-Assets (MiCA). 45 members of Parliament participated in the vote, with 5 voting against it and 7 abstaining. An amendment to ban the Proof-of-Work algorithm was not included in the document. On March 31, the European Union lawmakers voted to adopt new anti-money laundering (AML) regulations for cryptocurrencies. The users have to be required to identify themselves in order to make transactions over €1000.
Useful material?
Telegram 
Twitter Technologies
Network fees will be integrated into the cost of swaps
Nov 22, 2024
Market
The company’s unrealized profits from investing in its first cryptocurrency approached $14 billion
Nov 19, 2024
Incidents
The search, the reason for which was not announced, took place a week after the election, the results of which Polymarket users predicted quite accurately
Nov 14, 2024
Market
Analysts point to the growing popularity of the first cryptocurrency as a safe haven asset
Nov 13, 2024
Market
The product will begin trading on the Swiss Exchange on November 19
Nov 12, 2024
Market
The company’s unrealized profits from investing in the first cryptocurrency approached $13 billion
Nov 12, 2024
Cryptocurrency rates
-
Bitcoin
$98 003
BTC
-0.52%
-
Ethereum
$3 398.52
ETH
+0.9%
-
BNB Smart Chain
$579.4
BSC
+1.23%
-
Ripple
$1.43
XRP
-6.57%
-
Dogecoin
$0.428506
DOGE
-7.64%
-
Cardano
$1.05
ADA
-3.5%
-
Stellar XLM
$0.563772
XLM
+28.73%
-
Polkadot
$8.84
DOT
+15.54%
-
Bitcoin Cash
$505.48
BCH
-4.83%
-
Litecoin
$99.12
LTC
-3.47%