{"id":8886,"date":"2021-07-21T11:34:10","date_gmt":"2021-07-21T15:34:10","guid":{"rendered":"https:\/\/www.technewsday.com\/?p=8886"},"modified":"2021-08-03T10:01:46","modified_gmt":"2021-08-03T14:01:46","slug":"eu-moves-to-make-bitcoin-transfers-more-traceable","status":"publish","type":"post","link":"https:\/\/technewsday.com\/staging\/eu-moves-to-make-bitcoin-transfers-more-traceable\/","title":{"rendered":"EU Moves To Make Bitcoin Transfers More Traceable"},"content":{"rendered":"\n<p>The EU plans to make Bitcoin transfers more traceable. Changes in EU law could force companies transferring Bitcoin or other cryptocurrencies to collect details of recipients and senders.<\/p>\n\n\n\n<p>A company transferring crypto assets to a customer would be required to provide the recipient&#8217;s name, address, date of birth and account number in addition to the name of the recipient.<\/p>\n\n\n\n<p>While the Commission stated that the new rule will exclude the submission of anonymous wallets for crypto investments, it said: &#8220;Given that virtual assets transfers are subject to similar money-laundering and terrorist-financing risks as wire funds transfer&#8230; it therefore appears logical to use the same legislative instrument to address these common issues.&#8221;<\/p>\n\n\n\n<p>In order to become a real law, the proposal must pass the Member States and the European Parliament.<\/p>\n\n\n<p>For more information, read the <a href=\"https:\/\/www.bbc.com\/news\/technology-57901113\" target=\"_blank\" rel=\"noopener\">original story<\/a> on the BBC.<\/p>","protected":false},"excerpt":{"rendered":"<p>Changes in EU law could force companies transferring Bitcoin or other cryptocurrencies to collect details of recipients and senders.<\/p>\n","protected":false},"author":3,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[9],"tags":[124],"class_list":["post-8886","post","type-post","status-publish","format-standard","hentry","category-todays-news","tag-bitcoin"],"acf":[],"_links":{"self":[{"href":"https:\/\/technewsday.com\/staging\/wp-json\/wp\/v2\/posts\/8886","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/technewsday.com\/staging\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/technewsday.com\/staging\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/technewsday.com\/staging\/wp-json\/wp\/v2\/users\/3"}],"replies":[{"embeddable":true,"href":"https:\/\/technewsday.com\/staging\/wp-json\/wp\/v2\/comments?post=8886"}],"version-history":[{"count":4,"href":"https:\/\/technewsday.com\/staging\/wp-json\/wp\/v2\/posts\/8886\/revisions"}],"predecessor-version":[{"id":8936,"href":"https:\/\/technewsday.com\/staging\/wp-json\/wp\/v2\/posts\/8886\/revisions\/8936"}],"wp:attachment":[{"href":"https:\/\/technewsday.com\/staging\/wp-json\/wp\/v2\/media?parent=8886"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/technewsday.com\/staging\/wp-json\/wp\/v2\/categories?post=8886"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/technewsday.com\/staging\/wp-json\/wp\/v2\/tags?post=8886"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}