Cointelegraph: EU Monitors Wallets, Outdoes US in Crypto

Our co-founder Marc Taverner shared his thoughts with Cointelegraph

Our co-founder Marc Taverner shared his thoughts with Cointelegraph this week about the differing regulatory approaches between Europe and the U.S. In his piece, he writes: “MiCA isn’t perfect. It took so much time to be confirmed that it’s already out of date, and there’s more it could do to embrace the crypto sector. As just one example, the regulations stipulate wallet restrictions. The “Travel Rule” for hosted or custodial wallets requires licensing for exchanges and wallet providers.

That means they must document the names of senders and recipients who use their wallets, irrespective of transaction size. If you want crypto asset transactions without this tracking — or want to offer it to your customers — Europe is not the home for you.”

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Read the entire piece at Cointelegraph.com here.