Cryptocurrency Q&A
What is the travel rule for crypto in Europe?｜The so-called “travel rule”, already used in traditional finance, will in future cover transfers of crypto assets. .Information on the source of the asset and its beneficiary will have to “travel” with the transaction and be stored on both sides of the transfer
What is the travel rule for crypto in Europe?｜The so-called “travel rule”, already used in traditional finance, will in future cover transfers of crypto assets. .Information on the source of the asset and its beneficiary will have to “travel” with the transaction and be stored on both sides of the transfer
Valentina
Fri Jun 07 2024
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7 answers
1512
Could you elaborate on the travel rule for cryptocurrency in Europe? How does this regulation, already established in traditional finance, apply to digital asset transfers? Additionally, could you clarify what information regarding the asset's source and beneficiary is required to "travel" with the transaction and how it is stored on both sides of the transfer? This seems to be a crucial aspect of ensuring transparency and accountability in the crypto market.
7 answers
CryptoVanguard
Sun Jun 09 2024
Futures trading, on the other hand, offers investors the opportunity to speculate on the future prices of cryptocurrencies. BTCC's futures platform provides advanced trading tools and features that allow users to execute complex trading strategies and potentially earn higher returns.
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Federico
Sun Jun 09 2024
The intersection of cryptocurrency and finance offers unique opportunities for those with the necessary expertise. Investors can diversify their portfolios by adding cryptocurrencies to their holdings, while entrepreneurs can develop innovative products and services in this rapidly growing sector.
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Maria
Sun Jun 09 2024
BTCC, a leading cryptocurrency exchange based in the UK, offers a comprehensive suite of services to cater to the needs of both individual investors and institutional clients. Its platform supports spot trading, futures trading, and wallet services, providing users with a one-stop solution for their cryptocurrency needs.
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Tommaso
Sun Jun 09 2024
Cryptocurrency and finance are two interconnected fields that have witnessed significant growth in recent years. With the rise of digital currencies like Bitcoin and Ethereum, the industry has attracted numerous investors and entrepreneurs seeking to capitalize on its potential.
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Alessandra
Sun Jun 09 2024
The spot trading service offered by BTCC allows users to buy and sell cryptocurrencies at current market prices. This service is suitable for investors who want to take advantage of short-term market movements or build a diversified portfolio over time.
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- What is the travel rule for crypto in Europe?｜The so-called “travel rule”, already used in traditional finance, will in future cover transfers of crypto assets. .Information on the source of the asset and its beneficiary will have to “travel” with the transaction and be stored on both sides of the transfer
- What is the travel rule for crypto in Hong Kong?｜Hong Kong Crypto Travel Rule Specifications . This means certain information must be obtained and shared with the participating VASPs: The name of the business or individual making the transaction (the originator).All virtual asset transfers that exceed 8,000 HKD (1,000 USD) must be subjected to the terms of the rule
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