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Crypto Transactions Above EUR1,000 Face Due Diligence Enquiries in The EU


The European Union’s member states have imposed a new limit on cash purchases as well as tightened controls on cryptocurrency transactions. The EU imposed a EUR10,000 ($10557) restriction on cash transfers, and increased control over crypto transactions worth more that 1,000 euros ($1,055). To make it more difficult for hackers to use crypto transactions worth more than 1,000 euros ($1,055), the European Union adopted new guidelines.



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