EU Members Adopt Tougher Crypto Rules Than AML Directive Requires | Crypto Craft

  • EU Members Adopt Tougher Crypto Rules Than AML Directive Requires

    From news.bitcoin.com

    Europe is gradually tightening the rules for the crypto space. A wave of new regulations are introducing stricter requirements for companies operating in the industry and cryptocurrency users are going to feel the difference in the coming months. The measures stem from the obligation of member states to transpose EU’s Fifth Anti-Money Laundering Directive (AMLD5) into national law by January. Unfortunately, they often go beyond what Brussels wants them to do. Germany, the flagship of the European Union, is one of the first to make the changes. New anti-money laundering (AML) regulations entering into force next ... (full story)

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auricforecas
Aug 13, 2019 3:43pm
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OMG.. just a few years back EU was heaven for all kinds of (FX) trading... Leverage was unlimited basically...
While US had 50:1 tops.. for FX.. EU had 500+:1... But just in recent years, they destroyed that... Leverage up to 30:1... unless you prove to be some sort of PRO, so basically.. for "normal" people... 30:1 it is.. Yeah one could argue if anything more is needed, but why not let people decide this for themselves? If they care so much about the safety, let us throw base income and/or helicopter money already as they are talking so much... how to stimulate the economy and provide "safety"...

And now crypto regulation... man... EU is shooting itself in the foot with this one...Instead of attracting people/money.. they are regulating them away... Yeah yeah.. anti-money... like this would really do damage for big washers The average joe or john... will be hurt the most, again... Not happy.
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