How are you doing my dear STEEMIANS ?

This is my new post about actual news in Cryptosphere.
In this post, i will wrote some words about one of HOTTEST
topics in cryptoworld; EU crypto regulation.

So, as you may already know, next year the EU plans
to introduce measures to regulate the cryptomarkets.

In short, what they are trying to do is to END the ANONYMITY of
wallet addresses and make exchanges, and their users,
more transparent to the world.

Also, the EU plans to change the way virtual currencies are traded by
adding them to The 4AMLD (4th Anti-Money Laundering Directive).
This will give authorities the jurisdiction they need to investigate
individuals, exchanges and wallets as they see fit.

The exact wording is as follows.

“In respect of designing providers of exchange services between virtual currencies and fiat currencies as obliged entities, the proposed amendments respect the proportionality principle. In order to allow competent authorities to monitor suspicious transactions with virtual currencies, while preserving the innovative advances offered by such currencies, it is appropriate to define as obliged entities under the 4AMLD all gatekeepers that control access to virtual currencies, in particular exchange platforms and wallet providers.”

So what do you think?

Can EU regulation affect the cryptomarkets?