The EU Parliament Votes On March 31 Transfer Of Funds Regulation – It Could Irreparably Harm Crypto!

It seems that something very dangerous is on its way these days. Check out the latest reports revealed on Twitter involving something that could be voted by the EU Parliament.

The EU Parliament votes on Thursday, March 31 on modifying the Transfer of Funds Regulation. Their latest draft could significantly violate individual financial freedom, irreparably harm the cryptoeconomy, & stifle the future of innovation across the EU.

— Faryar Shirzad (@faryarshirzad) March 27, 2022

He continued and said:

First, the Parliament should revert back to the 1k euro threshold for Travel Rule eligible transactions. This is in line with FATF recommendations and the rules for traditional finance. A uniquely punitive approach for digital asset holders is unjustified and bad policy.

— Faryar Shirzad (@faryarshirzad) March 27, 2022

He also continued and explained the following:

Third, forcing exchanges to proactively notify the authorities for all transactions over 1k euro from self-hosted wallets – regardless of whether there is any suspicious activity – is a solution in search of a problem and should be fixed.

— Faryar Shirzad (@faryarshirzad) March 27, 2022

Someone said: ‘Man these people are relentless in their efforts to ruin crypto. One attempt after another!’

Someone else said: ‘1/2: If they truly vote against integration, The only logical reason is obvious is that the EU is collectively, way behind the eight ball.. they can’t stop adoption and transformation of decentralized finance and their (the EU) raw existence relies on control,’ and continued: ‘Think about it .. If their financial network becomes decentralized then so does their leftist control over countries that have come to realize what a disaster the Euro was for their people, respectively.’

It’s been just revealed that this specific crypto sector is the next big thing. Check out the latest reports below.

Macro expert Raoul Pal said recently that he is keeping an eye on investments that he describes as “utter insanity” because they are part of the next big trend.