The expert assessed a possible ban on anonymous crypto wallets

The European Commission has proposed to ban the use of anonymous cryptocurrency wallets. The head of the analytical department of AMarkets Artem Deev commented on this proposal. According to him, the measure is advisable, but its implementation may take years.

“It will be quite problematic to implement this initiative: it will take considerable time, resources and additional legal norms to ensure the identification of the owners and carry out their verification” – the expert noted.

He stated that the pressure on the cryptocurrency market is expected, since money laundering takes place with the help of exchange platforms. According to him, it is necessary to create a transparent system. However, it is rather difficult to do this, since such an initiative will require large financial costs.

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