EU Won’t Ban Non-Custodial Crypto Wallets
The European Union (EU) authorities changed their mind about banning non-custodial wallets but introduced a new concept called “non-custodial addresses.” Now they plan to ban them. Members of the European Parliament once again discussed amendments to the new draft law on anti-money laundering. Previously, the legislative initiative planned to completely ban the use of “unhosted wallets,” but the position of lawmakers changed as they “do not want an outright ban on non-custodial services.”
