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In the EU the e-money regulation applies to any kind of electronic cash transaction. If you become an Electronic Money Institution, in most cases you'll still
by mpeg 10y ago
In the EU the e-money regulation applies to any kind of electronic cash transaction.
If you become an Electronic Money Institution, in most cases you'll still have to follow KYC and AML laws. Bitcoin companies in the EU all do after certain thresholds.
- aminok 10y agoYes, but that's not peer-to-peer. That's like a company ferrying physical cash from one party to another. They become a financial intermediary and become subject to financial regulations. You don't have to take the role of a financial intermediary if you're an enterprise that uses cryptocurrency. Microsoft accepts BTC, but is not a money transmitter.