European Union approves controversial, privacy-invasive cryptocurrency rules

European Union approves controversial, privacy-invasive cryptocurrency rules

In my last newsletter, I reported on the upcoming vote in the European Union Parliament on legislation governing cryptocurrency transactions. The vote took place today and the result was met with great criticism.

The legislation seeks to outlaw anonymous cryptocurrency transactions, a cornerstone of cryptocurrencies that industry critics say stifles innovation and violates privacy.

The European Union says the proposed new rules aim to strengthen anti-money laundering by extending requirements for fiat and bank transactions above €1,000 to the cryptocurrency sector. The rules also remove the lower threshold for cryptocurrency payments, meaning that payers and recipients of even the smallest crypto amounts will be identified, for transactions using unhosted and self-hosted wallets. 

In December 2021, national governments announced their desire to abolish the €1,000 threshold for cryptocurrencies, reasoning that digital payments are able to circumvent this limit very easily and also include private wallets that are not hosted by regulated crypto asset providers. 

Members of the European People’s Party (EPP) have opposed many of the more controversial changes, condemning in particular the ban on standalone wallets. EPP economic spokesman Markus Ferber wrote in an emailed statement: “Such proposals are neither justified nor proportionate. With this approach to regulating new technologies, the European Union will fall even further behind other, more open jurisdictions.” 

Another legal proposal that was discussed at today’s meeting would stop transfers made to “non-compliant” crypto service providers, meaning those that operate in the European Union without authorisation or are not affiliated with or based in any jurisdiction. 

Overly strict rules on privacy breaches could face legal problems in European Union courts. For them to come into force, plans must be agreed by both Parliament and national ministers, who meet as the Council of the European Union. 

We will keep an eye on this thread and report on developments.

To conclude, I would like to introduce you to the changes in Mr.Advice, namely Golden Keys’ flagship product.

The channel was launched in January and since then our trader has been collecting thoughts.

Whether from employees, marketers or users. 

As CryptoAaron writes:

The channel was created at that time in a test form and price and was a kind of open operation in the quality of giving service, which (not only in my opinion) – turned out to be a capital product that the vast majority waited for 😁 Facts 😜

After this time of observation, I’ve gathered my conclusions:

🟩 I already know how important market updates are for you regarding BTC and ETH.

🔜 From April 1, you will get analysis of these two coins min. 1x a day. Whether in the form of a morning update, evening update or whatever – every day you will have info on what is happening on the main coins.

🟩 I already know how much you want to take advantage of this stage of the market.

🔜 From April 1, analyses will be split into those on Binance and KuCoin, with upside potential specified in the commentary.

🟩 I already know that some of you play the spot plays as well as the futures.

🔜 From April 1, every analysis will have dashed green lines ( short targets on FUTURES ) and solid green lines – these will be targets for spot players. 

🟩 I already know how important new projects and interesting collaborations are for you.

🔜 From 1 April there will be more of them. More NFTs and more interesting options.

🟩 I already know how important passive money is for you. Whether it’s to live or to mc increase your portfolio.

🔜 As of April 1, the price will change. It will be $97. Final after testing I set the price at this value and it will not increase. This way for referral you won’t get a stiff 20% as before, but you have the whole marketing plan open, from +23% to 37% 👌

🔜 Starting April 1, every week (skipping some important trips or illness 🤷♂️ ) there will be 3 zoom meetings:

1. analysis of BTC, ETH and altcoins – Monday.

2. Technical and educational zoom, I reveal my techniques – Tuesday.

3. analysis of BTC and ETH UPDATE – Friday. 

The price of $67 is valid until the end of the day today. You can buy multiples of a month at this price. 

You can purchase Golden Keys HERE.

31/03/2022 Mr.Advice TEAM

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