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EU Banking Regulator Sets Cryptocurrency Shareholder Requirements

EU Banking Regulator Sets Cryptocurrency Shareholder Requirements

CointimeCointime2023/10/20 15:00
By:Cointime

On Friday, EU regulatory authorities released a consultation opinion on a series of issues related to the EU's milestone new encryption law MiCA regulation. These proposals cover restrictions on ownership, governance, and bonuses for cryptocurrency companies and their employees. Cryptocurrency company shareholders holding more than 10% of the shares will be subject to reviews of previous convictions or sanctions.

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