European Companies Cosigned a Letter to EU Asking to Make Sensible Regulations
📣 #European Companies Cosigned a Letter to #EU Asking to Make Sensible Regulations
👉 Industry representatives call the authorities not to go beyond the scope of the #FATF Travel Rule recommendation.
👉 The letter highlighted the concerts of the web3 community regarding the threat to the privacy of individuals as well as #digitalinnovation, growth and job creation in #Europe.
👉 The cosigners claimed that recent proposals by some EU legislators, such as data disclosure requirements for non-custodial #cryptowallets, can make the adoption of #Web3 solutions excessively burdensome for #Europeancitizens.
👉 Other requests included the exemption for algorithmic or otherwise decentralized #stablecoins from the asset-referenced token definition in the proposed EU Regulation on Markets in #CryptoAssets, or #MiCA.
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