European Union (EU) negotiators meet this week for a last-ditch attempt to hammer out anti-money-laundering rules and a new authorization regime for crypto service providers.
Meetings on Wednesday and Thursday could determine the bloc’s crypto legal framework for years to come – but major questions still hang over the treatment of non-fungible tokens (NFTs), the energy impact of Bitcoin and the private use of unhosted wallets.
First will come talks on a controversial transfer-of-funds law, which would require wallet providers to identify the participants in crypto transactions. On June 29, EU officials gather to hammer out final details of those plans at a closed-door meeting.
On March 31, the European Parliament voted for wide-ranging privacy curbs, intended to stop digital assets from being used for drugs, child pornography and terrorism – something the industry warned could curb innovation.
Nonetheless, the round of talks set to be held Wednesday will be the last one, three...
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