Europe: the laws that worry the crypto ecosystem
In recent weeks, several amendments to toughen legislation on cryptos have been tabled - one of them adopted - in the European Parliament. The industry is sounding the alarm.
What's going on at the European Parliament? Over the past few weeks, there has been something of a fever around cryptocurrencies. During the examination of two texts, some MEPs have tabled a series of amendments to, in their view, "better" regulate the crypto sector.... One of the texts, which would require crypto service providers to check the identity and flows of all users, was adopted, prompting strong criticism from Web3 players. While nothing is definitive, these texts do raise a lot of questions. The Big Whale has taken a closer look!