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Tag: Unhosted
UK Scraps Plan to Monitor Unhosted Digital Wallets
The United Kingdom, in stark contrast to a proposal approved in March by the European Union, will not require senders of crypto assets to collect information about recipients who use unhosted wallet a...
UK Refutes EU Regulation to Monitor Unhosted Digital Wallets
Jun 22, 2022 at 11:40 // News The United Kingdom has declined to implement a European Union rule requiring EU governments to monitor transactions on non-hosted digital wallets. The UK preferred to mon...
HM Treasury pushes back plans to collect data from unhosted crypto wallets
The UK government has announced plans to alter a proposal that required cryptocurrency firms to gather personal data from individuals who have unhosted wallets. The government had passed this proposal...
UK Treasury Rejects Controversial Policy to Collect Private Data from Unhosted Wallets – crypto.news
A recent document indicates the UK government has rejected the controversial crypto data collection policy, which the EU parliament recently passed. The UK treasury consulted various parties and decid...
UK Backtracks On KYC For Unhosted Wallets
The United Kingdom government has announced that it will not implement the controversial plan that made it compulsory to collect the identification details of all private crypto wallets. No More KYC ...
Script Network, Astaria, and Increment Seed Rounds, UK Not Monitoring Unhosted Wallets – crypto.news
Earlier today, the Script network announced that Gate.io Labs joined their seed round through their medium page. Gate.io Joins Script Network Seed Round The Script network tweet reads, “We’re pleased ...
Treasury Abandons Plans to Introduce KYC on Unhosted Wallets in UK
The United Kingdom Treasury has backtracked on plans to require all senders of crypto funds to collect information that identifies the recipients of those funds. The Treasury said it makes little sens...
HM Treasury changes course on collecting data around unhosted crypto wallets
The government of the United Kingdom said it intends to modify a proposal that would have required crypto firms to collect personal data from individuals holding unhosted wallets that were the recipie...
United Kingdom Will Not Require KYC for Unhosted Wallets
Key Takeaways The U.K. is backtracking on its blanket requirement for crypto firms to submit personal information on all transfers made to unhosted wallets. The Treasury report acknowledged industry c...
UK Government Backtracks on Unhosted Wallet Data Collection Proposal
Had it been implemented as proposed, the rule would have required the sender of any transaction between unhosted wallets to collect know-your-customer data from the receiver. A similar proposal in the...
U.S. Treasury Department on Track to Regulate Unhosted Wallets
The U.S. Treasury Department is progressing toward addressing the anonymity of unhosted crypto wallets as part of Joe Biden’s wider strategy to tackle illicit finance involving digital assets. Followi...
Unhosted Crypto Wallet Rules Will Allow Innovation, US Treasury Official Vows
“The only way that we can stop illicit actors from operating … [is] in partnership with investors and with innovators,” Adeyemo said, vowing to ensure that “responsible actors in the space are the par...
‘Unhosted’ wallets are just ‘wallets,’ March 28–April 4
The European Parliament continued to keep crypto users and advocates at the edge of their seats last week as yet another piece of potentially harmful legislation — this time, a set of demanding data d...
Following The EU Voted The Of Ban Unhosted Accounts The Cryptocurrency Sector Retaliated
The regulatory announcement appears to have had a substantial influence on Bitcoin’s (BTC) price, which has dropped 4.5 percent in the last 24 hours to $45,243 at the time of writing. The new rules mu...
Crypto industry fires back after EU vote to block ‘unhosted’ wallets
The crypto industry has reacted strongly against a European Union Parliament committee voting in favor of a regulatory package for tighter Know Your Customer (KYC) and Anti-Money Laundering (AML) rule...
European Parliament Approves Rules to Block Unhosted Crypto Wallets
The legislation must first go through tripartite meetings between the EU Parliament, European Commission, and European Council to be officially adopted. This process is however not expected to derail ...
Anti-anonymity or anti-freedom? EU bans crypto transfers on unhosted wallets
The European Union, on 31 March, voted in favor of outlawing all anonymous crypto transactions. Transactions of any size, both payers and recipients of even the smallest digital asset payment identifi...
EU Lawmakers Back Regulation Threatening Unhosted Crypto Wallets, Defi Space – Coinotizia
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 coordina...
EU Lawmakers Back Regulation Threatening Unhosted Crypto Wallets, Defi Space – Regulation Bitcoin News
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 coordina...
EU blunder on unhosted crypto wallets will cost the region dearly
EU lawmakers voted in favor of stricter rules on the transfer of funds to unhosted crypto wallets on Thursday. Unhosted crypto wallets are defined as wallets not hosted by a third party or financial i...
EU Parliament Votes in Favor of Amendment That Would Affect Unhosted Crypto Wallets
The EU Parliament has voted in favor of a transfer of funds regulation affecting unhosted crypto wallets. The bill is not in the final stage of the legislative process, with a plenary session expected...
EU Parliament approves rules targeting transfers to unhosted crypto wallets
advertisement The European Parliament has approved provisions to a bill that takes aim at so-called unhosted wallets. On March 31, the ECON and LIBE committees voted to approve amendments to its Tran...
Unhosted crypto wallets face the wrath of EU
The European Parliament needs to check the character of residents in any event Traditional legislators who go against de-anonymization of exchanges appear to realize they won’t win the vote The Econom...
EU Parliament can outlaw transacting with ‘unhosted’ wallets, crypto advocate warns
Less than a week after a potential ban on Proof-of-Work (PoW) digital assets was dropped from the EU’s prospective MiCA framework, a new threat to the crypto industry could be emerging in the European...
EU Cracking Down on Unhosted Wallets
Alex Dovbnya The European Union is close to banning anonymous cryptocurrency transactions to make it easier to track down criminals According to a Twitter thread posted by Patrick Hansen, head of grow...
Unhosted Wallets Rule Will be Considered in 2022, Says U.S. Treasury
Crypto advocates are not happy about a rule that is set to be reviewed this year by the Treasury department, as the battle intensifies between the government’s desire to prevent money laundering and t...
The Unhosted Crypto Wallet Rule Is Back
A controversial proposed rule that would enforce know-your-customer rules on unhosted or self-hosted crypto wallets may again be under consideration by the U.S. federal government. The rule was first ...