The forthcoming Markets in Crypto-Assets Regulation (MiCA) regulation may influence Crypto-Asset Service Providers (CASPs) to adopt stricter AML/KYC practices, limiting users' transaction privacy.
Various upcoming E.U. regulatory proposals based on FATF recommendations threaten to undermine users' rights to transact privately with non-custodial crypto wallets.
Regulatory obligations on CASPs may conflict with the rise of open-source technologies, like Lightning Network and ecash, which facilitate private transactions.
The Open Dialogue Foundation emphasizes the importance of educating E.U. officials on Bitcoin, highlighting the negative implications of the proposed regulations.
#cryptocurrency-regulation #privacy #non-custodial-wallets #european-union #open-dialogue-foundation
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