Thursday, June 5, 2025
No Result
View All Result
Coins League
  • Home
  • Bitcoin
  • Crypto Updates
    • Crypto Updates
    • Altcoin
    • Ethereum
    • Crypto Exchanges
  • Blockchain
  • NFT
  • DeFi
  • Metaverse
  • Web3
  • Scam Alert
  • Regulations
  • Analysis
Marketcap
  • Home
  • Bitcoin
  • Crypto Updates
    • Crypto Updates
    • Altcoin
    • Ethereum
    • Crypto Exchanges
  • Blockchain
  • NFT
  • DeFi
  • Metaverse
  • Web3
  • Scam Alert
  • Regulations
  • Analysis
No Result
View All Result
Coins League
No Result
View All Result

Protect Your Non-Custodial Bitcoin Wallet — Support The Open Dialogue Foundation

December 25, 2024
in Bitcoin
Reading Time: 3 mins read
0 0
A A
0
Home Bitcoin
Share on FacebookShare on TwitterShare on E Mail


Observe Frank on X.

In a brand new report, the Open Dialogue Basis (ODF) gives an outline and evaluation of upcoming regulatory proposals round non-custodial Bitcoin and crypto wallets within the European Union (E.U.).

Among the proposals — a lot of that are based mostly on FATF suggestions — will negatively have an effect on customers’ means to transact with crypto property privately.

EU & FATF 2025: Your Bitcoin Pockets's New Guidelines?What’s the greatest Christmas reward from human rights, privateness and Bitcoin advocates?@ODFoundation gives you with a complete reply on what it’s best to know whereas utilizing #Bitcoin p2p pockets, privateness funds instruments &… pic.twitter.com/YZIlCZjSiR

— Lyudmyla Kozlovska 🇪🇺🇺🇦 (@LyudaKozlovska) December 24, 2024

Essential takeaways from the report embody:

In line with tips from the European Banking Authority (EBA), the present regulatory framework round crypto property within the E.U. permits for actions that pose vital dangers, together with instant withdrawals to non-custodial wallets and the usage of anonymity-enhancing instruments like mixers.Forthcoming Markets in Crypto-Property Regulation (MiCA) regulation could affect Crypto-Asset Service Suppliers (CASPs) to undertake stricter AML/KYC practices.Regulation from the E.U. could prohibit CASPs from facilitating nameless transactions, which might each scale back privateness for customers of crypto-assets and enhance operational prices for CASPs.The obligations which may be imposed on CASPs will battle with the rise of proliferation of open-source applied sciences just like the Lightning Community, Fedimint and ecash, which let customers transact privately and in a censorship-resistant method.

Do I share this all as a result of I’m making an attempt to damage your vacation season? No, sirs and ma’ams.

I share it as a result of we must always be thankful for the work that the Open Dialogue Basis does in shedding mild on what’s occurring throughout the regulatory panorama within the E.U. (particularly because it pertains to non-custodial crypto wallets) and in growing relationships with elected officers within the E.U. to coach them on the significance of Bitcoin and different freedom applied sciences.

So, in the event you’re seeking to make a tax-deductible donation to a nonprofit earlier than the yr is out, take into account donating to the ODF.

And in the event you’re considering both “Effectively, I don’t reside within the E.U., so this doesn’t have an effect on me” or “I do reside within the E.U., however I’ll simply transfer if it passes unhealthy regulation,” I’d asking you to think about the next two factors, (the primary of which I lifted straight from this current ODF report):

The European Union performs a central function in shaping world monetary regulatory requirements (which signifies that crypto transaction privateness advocates throughout the globe have one thing at stake right here).The group making lots of the proposals for the brand new regulatory framework within the E.U. — the FATF — is a world one, and it’ll leverage any wins it chalks up within the E.U. to affect regulation in different jurisdictions.

However, once more, don’t be scared; be grateful.

Donate to the ODF to help its efforts, or do what you’ll be able to to amplify the group’s messaging.

This text is a Take. Opinions expressed are fully the writer’s and don’t essentially mirror these of BTC Inc or Bitcoin Journal.





Source link

Tags: BitcoindialogueFoundationNonCustodialOpenProtectSupportwallet
Previous Post

Infinant Secures $15 Million in Series A Funding

Next Post

Bitcoin Dominance Breakdown Confirmed – The Next Altseason Is Right Around The Corner

Related Posts

Zora Takes Off, Up 30% In 3 Days: Will Their Pivot To Creator Coins Pay Off?
Bitcoin

Zora Takes Off, Up 30% In 3 Days: Will Their Pivot To Creator Coins Pay Off?

June 5, 2025
XRP Price Enters Accumulation Phase – Why $2.08 Must Hold Or Risk A Crash
Bitcoin

XRP Price Enters Accumulation Phase – Why $2.08 Must Hold Or Risk A Crash

June 5, 2025
Bitcoin Pullback or Setup? On-Chain Metrics Hint at What’s Coming Next
Bitcoin

Bitcoin Pullback or Setup? On-Chain Metrics Hint at What’s Coming Next

June 5, 2025
Tether Leads Strategic Investment in Orionx to Increase Stablecoin Adoption in Latam
Bitcoin

Tether Leads Strategic Investment in Orionx to Increase Stablecoin Adoption in Latam

June 5, 2025
Matador Technologies Raises C$1.64M To Invest In Their Bitcoin Reserve
Bitcoin

Matador Technologies Raises C$1.64M To Invest In Their Bitcoin Reserve

June 5, 2025
US Military Backs Bitcoin Reserve To Counter China: Lummis
Bitcoin

US Military Backs Bitcoin Reserve To Counter China: Lummis

June 4, 2025
Next Post
Bitcoin Dominance Breakdown Confirmed – The Next Altseason Is Right Around The Corner

Bitcoin Dominance Breakdown Confirmed – The Next Altseason Is Right Around The Corner

5 Top Crypto Picks Set to Explode in 2025

5 Top Crypto Picks Set to Explode in 2025

Top 10 NFT collections outperform fungible tokens in weekly returns

Top 10 NFT collections outperform fungible tokens in weekly returns

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Twitter Instagram LinkedIn RSS Telegram
Coins League

Find the latest Bitcoin, Ethereum, blockchain, crypto, Business, Fintech News, interviews, and price analysis at Coins League

CATEGORIES

  • Altcoin
  • Analysis
  • Bitcoin
  • Blockchain
  • Crypto Exchanges
  • Crypto Updates
  • DeFi
  • Ethereum
  • Metaverse
  • NFT
  • Regulations
  • Scam Alert
  • Uncategorized
  • Web3

SITEMAP

  • Disclaimer
  • Privacy Policy
  • DMCA
  • Cookie Privacy Policy
  • Terms and Conditions
  • Contact us

Copyright © 2023 Coins League.
Coins League is not responsible for the content of external sites.

No Result
View All Result
  • Home
  • Bitcoin
  • Crypto Updates
    • Crypto Updates
    • Altcoin
    • Ethereum
    • Crypto Exchanges
  • Blockchain
  • NFT
  • DeFi
  • Metaverse
  • Web3
  • Scam Alert
  • Regulations
  • Analysis

Copyright © 2023 Coins League.
Coins League is not responsible for the content of external sites.

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In