EU to Propose New Agency for Crypto Crackdown
Crypto-asset service providers would be obliged to collect and disclose data concerning originators and beneficiaries of transfers.
The Enforcement Directorate is investigating Chinese-operated betting apps that have collected more than $134 million over the last 10 months.
The Israeli Bitcoin Association is opposing the proposed reporting requirement, calling it discriminatory.
A late addition to the infrastructure bill moving through Congress would impose impossible reporting requirements on miners and wallets.
Much like the deranged lead of "Censor," financial regulators are deluding themselves that centralized control will lead to a crime-free utopia.
Despite a crackdown on crypto mining, Chinese authorities are still bullish on blockchain technology.