European Crypto Investors Explained New Crypto Transaction Rules
The administration of the Kraken cryptocurrency exchange informed clients that the requirements of the European Union Regulation on the transparency of crypto transactions will come into force on December 30. The new EU regulation, called the Travel Rules, requires mandatory personal verification for European crypto investors if the amount of deposits to an exchange account or withdrawal of crypto assets from a personal crypto wallet exceeds 1,000 euros (around $1,000). In addition, the Know Your…
