Bitcoin And Privacy Under Threat From New EU Regulation [Forbes]
ING Group, N.V. (ING)
US:NYSE Investor Relations:
ing.com/investor-relations.htm
Company Research
Source: Forbes
Photo illustration by Jakub Porzycki/NurPhoto The European Parliament has recently adopted the revised Anti-Money Laundering Regulation, despite significant opposition from the public and , also known as the BTC Coalition, urged parliament members to reject proposals due to concerns about infringements on financial freedoms and privacy. However, their efforts were unsuccessful, and a adopted the proposals. During informal discussions, the European Commission, Parliament, and Council disregarded public feedback on the proposed changes. This action has been seen as diminishing the role of the , the only directly elected EU body, and has led to concerns regarding the potential for increased misuse of financial data by authoritarian regimes. PROMOTED Implications And Key Issues The new regulation could influence financial rules worldwide, affecting personal financial freedoms not just in the EU, but globally. It labels privacy payment tools and crowdfunding platforms as high-risk,
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