How will European Union Regulating Cryptocurrency impact the rest of the world

by PRC Agency PR

An article covering the 'impact of a proposed law by the European Union to regulate cryptocurrency' entitled 'Will Europe Kill Bitcoin? European Union Crypto Bill Regulating Cryptocurrency, Targets Unhosted Wallets & Blockchain Anonymity' has now been released and published by LCXwire, an authority website in the Cryptocurrency niche. The article brings to light fascinating information for people who are interested in or are investors in cryptoassets. Crypto Investors and anybody else who's interested in the impact of this proposed law by the European Union to regulate cryptocurrency can read the entire article at https://lcxwire.com/will-europe-kill-bitcoin-european-union-crypto-bill-regulating-cryptocurrency-targets-unhosted-wallets-blockchain-anonymity/

The article discusses the implications of the European Union implementing laws to regulate cryptocurrency and directly remove the anonymity of the blockchain. The article raises interesting questions about what is the impact on privacy and how will investors react to losing their privacy on crypto trades. Perhaps one of the most interesting, or relevant pieces of information to Crypto Investors, that is included within the article, is the reaction of Brian Armstrong, the Coinbase CEO. Mr. Armstrong, via Twitter, laid out heavy criticisms on the European Union. “This eviscerates all the E.U.’s work to be a global leader in privacy law and policy. It also disproportionately punishes crypto holders and erodes their individual rights in deeply concerning ways. It’s bad policy.” he said.

The article has been written by Mal Packer, who wanted to use this article to bring particular attention to the subject on impact of the proposed law by the European Union to regulate cryptocurrency. The following extract provides an example of the information discussed in the article:

'While the anonymous nature of the cryptocurrency space has served as an attractive feature to many of its users, it - alongside the volatility of the tokens - is a source of concern to world governments. Some countries have outright banned cryptocurrency use; however, others have resorted to regulations, some stricter than others.'

LCXwire now welcomes comments and questions from readers, in relation to this article. Mal Packer, Staff Writer at LCXwire has made a point of saying regular interaction with the readers is so critical to running the site because their feedback helps guide the direction of future new articles. This article helps crypto investors understand how the crypto market continues to evolve.

In discussing the article itself and its development, Mal Packer said:

"This article is of interest to everyone, not just citizens of the European Union, as many countries are or have implemented regulations on crypto."

Anyone who has a specific question or comment about this article, or any article previously published on the site, is welcome to contact LCXwire via their website at https://lcxwire.com

Once again, the complete article is available to in full at https://lcxwire.com/will-europe-kill-bitcoin-european-union-crypto-bill-regulating-cryptocurrency-targets-unhosted-wallets-blockchain-anonymity/.