The The European Union approved a bill that limits transfers made through cryptocurrencies to 1,000 euros. The objective is to “combat money laundering, terrorist financing and sanctions evasion” within the community.
The entitiessuch as banks, asset and crypto asset managers, real estate and virtual agents and high-level professional football clubs, they will be obliged to verify the identity of your customers, what do they own and who controls the company.
To restrict transactions in cash and crypto assets, MEPs they want to limit the payments people who provide goods or services can accept.
In the case of crypto assetsthe limit has been set at 1,000 euros for those transfers where the client cannot be identified.
For the cash transactionsfor their part, will have a ceiling of 7,000 euros.
“Given the manifest risk of misuse by criminalsMEPs want to ban any citizenship by investment schemes (“golden passports”) and impose strong AML controls on residency by investment schemes (“golden visas”)”, they highlighted from the European Parliament.
These measures against money laundering and terrorist financing will be confirmed in a plenary session in April. After that, negotiations on the final form of the bills will begin.
The European Banking Federation (EBF) He has also detailed his vision for the ecosystem of digital moneyin general, and the digital euro, in particular.
from the organism have proposed a three-tier model for the digital euro: the role of European Central Bank (ECB) and two industrial levels. The role of the ECB will beto interact with the Single Euro Payment Areawith a “Industry Level B” developed and later operated by the private sector.
Source: Ambito

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