Members of the European Parliament have approved a controversial regulation that could undermine the decentralized finance (defi) sector in the EU. Some of its provisions, which are yet to be coordinated with other European institutions, aim to introduce restrictive measures for transactions involving privately managed crypto wallets.
EU Parliament Moves to Introduce Verification for Defi Wallets
The European Parliament’s Committee on Economic and Monetary Affairs (ECON) supported on Thursday the Transfer of Funds Regulation (TFR). Among other provisions, the TFR obliges crypto service providers to apply stringent anti-money laundering measures in regards to cryptocurrency transactions, including those to and from ‘unhosted’ wallets.
A majority of the ECON members backed the text which requires crypto platforms to keep, verify, and share transaction data with financial authorities. According to a report by the German crypto news outlet BTC Echo, the procedures apply to transfers
We współpracy z: https://news.bitcoin.com/eu-lawmakers-back-regulation-threatening-unhosted-crypto-wallets-defi-space/
