Bitcoin

<p>The European Union (EU) is planning a series of regulations that will include strong monitoring of Bitcoin and crypto transactions.&nbsp;Accordingly, all crypto transactions over 1,000 euros should be checked.&nbsp;This represents a massive regulatory intervention on the ownership of Bitcoin and other cryptocurrencies.&nbsp;<strong>How will the regulation be for investors?</strong></p> 
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 <img src="https://cryptocdn.fra1.cdn.digitaloceanspaces.com/sites/2/european-union-flag-smashing-into-gold-bitcoin-crypto-coin-d-rendering_Easy-Resize.com_.jpg" alt="Bitcoin EU ban">
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<h2 id="h-what-does-the-eu-want-for-bitcoin-and-cryptocurrencies">What does the EU want for Bitcoin and cryptocurrencies?</h2> 
<p><strong>The European Union (EU) has agreed on&nbsp;<a href="https://www.consilium.europa.eu/en/press/press-releases/2024/01/18/anti-money-laundering-council-and-parliament-strike-deal-on-stricter-rules/" target="_blank" rel="noreferrer noopener">a provisional draft law</a>&nbsp;on Bitcoin and other cryptocurrencies.&nbsp;</strong>This is about combating money laundering via digital currencies.&nbsp;</p> 
<p>Accordingly, crypto service providers must check customers for transactions worth over $1,000.&nbsp;<strong>This is intended to prevent illegal activities among cryptocurrency users.&nbsp;</strong></p>  
<h2 id="h-why-does-the-eu-want-to-regulate-bitcoin">Why does the EU want to regulate Bitcoin?</h2> 
<p><strong>The EU launched an important regulation for cryptocurrencies called&nbsp;<a href="https://cryptoticker.io/de/was-wuerde-ein-bitcoin-verbot-in-der-eu-bedeuten/" target="_blank" rel="noreferrer noopener">MiCa</a>&nbsp;last year .&nbsp;</strong>Originally there was even talk of banning private wallets.&nbsp;But ultimately the regulation was much more positive for crypto investors.</p> 
<p><strong>The EU has a bad reputation among Bitcoin and crypto fans due to regulatory madness.&nbsp;</strong>While the USA is strengthening Bitcoin mining and approving&nbsp;<a href="https://cryptoticker.io/de/bitcoin-etfs-genehmigt/" target="_blank" rel="noreferrer noopener">Bitcoin spot ETFs</a>&nbsp;, the EU is increasingly looking to regulate and restrict Bitcoin and cryptocurrencies for reasons such as money laundering.</p>  
<h2 id="h-what-does-this-mean-for-investors">What does this mean for investors?</h2> 
<p><strong>If the new directive passes through the EU Parliament, it could become increasingly complicated to acquire and transfer large sums of Bitcoin and crypto.&nbsp;</strong>For private investors who hold their coins on their own wallets, there will be little change at the moment.</p> 
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 <img src="https://cryptocdn.fra1.cdn.digitaloceanspaces.com/sites/2/gavel-electronic-devices-regulation-blockchain_Easy-Resize.com_.jpg" alt="Digital law">
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<p><strong>However, the platforms must comply with new proof requirements.&nbsp;</strong>For amounts of at least 1,000 euros in equivalent value, you must ensure that the deposited values ​​are verified.&nbsp;Strong controls are required when private investors carry out transactions on stock exchanges and brokers.&nbsp;</p> 
<p>It is a renewed regulatory intervention that makes trading Bitcoin and cryptocurrencies more difficult for small investors.&nbsp;<strong>This means that it will become increasingly unattractive for crypto investors to operate within the EU in the future. &nbsp;</strong></p>  
<h2 id="h-buy-cryptos-with-bitget-with-the-cheapest-fees">Buy Cryptos with Bitget with the CHEAPEST Fees</h2> 
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EU soon wants to massively monitor Bitcoin and Cryptocurrencies

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