United

Coin

<ul class="news-points">
 <li>The EU proposes a centralized asset register to track and manage assets.</li>
 <li>It aims to combat money laundering and verify assets linked to sanctioned individuals.</li>
 <li>Panayiotis Nicolaides voices support for the initiative.</li>
</ul>
The European Union is exploring a controversial proposal to establish a centralized “Asset Register,” a comprehensive database designed to track citizens’ assets across the bloc. This <a href="https://www.brusselsreport.eu/2021/08/30/european-commission-investigates-the-idea-of-an-eu-asset-registry/" target="_blank" rel="noopener noreferrer nofollow">initiative</a> aims to combat money laundering and terrorist financing, but has also raised concerns on privacy and data protection.
The proposed register would encompass a wide range of assets, such as real estate, bank accounts, securities, vehicles, art, and precious metals. The final list will be determined based on the outcomes of a feasibility study and subsequent legislative decisions.
Following Russia’s war against Ukraine, leaders from the EU, Canada, and the United States formed a transatlantic task force to implement financial sanctions. To better monitor illegal monetary transactions, the EU proposed an <a href="https://finance.ec.europa.eu/publications/anti-money-laundering-and-countering-financing-terrorism-legislative-package_en" target="_blank" rel="noopener noreferrer nofollow">interconnected asset register</a> that would serve all its member states.
The initiative aims to help national authorities verify assets or safe deposit bo…
The post <a href="https://coinedition.com/eus-controversial-asset-registry-proposal-sparks-privacy-debate/" rel="noopener noreferrer nofollow">EU’s Controversial Asset Registry Proposal Sparks Privacy Debate</a> appeared first on <a href="https://coinedition.com" rel="noopener noreferrer nofollow">Coin Edition</a>.

EU’s Controversial Asset Registry Proposal Sparks Privacy Debate

Coin Edition

Ďalšie články zverejnené 24. 7. 2024

Daily Market Review: BTC, ETH, FLOW, ENA, POPCAT

Meta removed 63,000 Instagram accounts affiliated with Yahoo Boys for sextortion

ETZ adds SUI to IRA Offerings (24 Jul)

Arbitrum on the Move: $25M ARB Transfer to Coinbase Precedes Token Unlock

Russia’s Crypto Mining ‘Legalization’ Bills Could Be Approved ‘This Week’

Coinbase files motion to compel SEC to release documents related to Gensler

Pripojte sa k nášmu bezplatnému bulletinu a získajte denné aktualizácie kryptomien!