The Central Bank of the European Union began to track crypto transactions along with electronic payments
The leadership of the Central Bank of the European Union has changed the regulatory framework for tracking electronic payments, according to the new version, cryptocurrencies, in particular wallets and services associated with them, will now be supervised:
We have approved a new oversight framework to make electronic payments safer and more efficient. It provides guidance on digital wallets, payments with crypto-assets and traditional payment instruments https://t.co/S8rXDLsbyp pic.twitter.com/uUH89eO0VT
— European Central Bank (@ecb) November 22, 2021
In addition to electronic payments of fiat assets, the new rules cover transactions related to cryptocurrencies. In particular, the regulator will pay attention to payments in favor of merchants, which are carried out through digital wallets.
The regulator expects that companies that are already operating under license will begin to adhere to the new rules by November 15, 2022, the rest of the companies will have to legalize within a year.