Several representatives of the crypto industry have urged European lawmakers and finance ministers to rethink anti-money laundering rules. CoinDesk writes about it with a link to the letter.

According to the publication, the appeal was signed by scientists, lobbyists, and senior management of companies like Ledger, Aave, and Blockchain.com. They described the legislative initiatives as “troublesome” and “disturbing”.

“European Parliament proposals that lead to the disclosure of all transactions and wallet addresses will put every digital asset owner at risk. […] In the letter, he risks years of preparation and derailing the future of Web 3.0.

In July 2021, the European Commission prepared a draft law in line with the recommendations. FATF. The document assumes “rule of the road” integration and prohibits anonymous cryptocurrency transactions.

In March 2022, the Committee on Economic and Monetary Affairs of the European Parliament passed a bill on the regulation of cryptocurrencies. Mica. The final version did not include a change to the Proof-of-Work consensus algorithm that prohibits mining.

Recall that the same month, the European Parliament supported mandatory verification of non-custodial cryptocurrency wallet users. Changes are included in the regulations on information exchange between counterparties.