When Europe wants to know everything about Bitcoin – Cryptos under surveillance

It’s time to watch – It’s no secret. When it comes to Bitcoin or other cryptocurrencies, Europe knows how to be severe and expresses itself with great blows of announcements and laws limiting the freedoms of use of our very supposed cryptocurrencies: the different episodes of Iestablishment of the MiCa law are the example. Always so zealous, theEurope yesterday, through the voice of the Financial Markets Authority (ESMA), launched a tender for a cryptocurrency platform to provide it with off-chain data for 4 years. Explanations!

Off-chain data in the sights of European regulation

So it was the European Union securities regulators who decided to force the spotlight on crypto regulation. Also, the Financial Markets Authority (ESMA) yesterday published a tender document. The goal? collect Additional Information on the trading data of crypto transactions. Thus, one can read:

“The data needed to be available with a daily frequency and include access to order books where to see liquidity across exchanges and trading pairs – in fiat and crypto. »

Behind this desire, which may worry some, Europe is confirming its attention to keeping the cryptocurrency at a glance in a constant quest to fight against money laundering exacerbated by MiCa law and crypto winter.

Decentralized finance purists will rightly be annoyed by this to offer who points a surveillance camera on cryptocurrencies. However, the €100,000 proposed leave us dubious. This sum remains quite derisory for a cryptocurrency platform or an on-chain analysis company which brews millions for some and billions for others.

While the actors of the traditional financial ecosystem flounder and seek to regulate (and tax) as much as possible, discover Bitcoin, Ethereum and cryptocurrencies a little better every day! And learn how to accumulate and trade your first BTC and ETH by registering on the FTX reference platform by benefiting from a lifetime discount on your trading fees (commercial link).

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