EU Crypto Crackdown: Cause for Concern or Fake News?

GBTC

The crypto markets have been choppy as we speed towards the halving next month, but the overall outlook is bullish.

However, uncertainty was stirred by recent reports of self-custody crypto wallets being banned in Europe, but is the EU really taking this drastic step, or is it fake news? 

Let’s take a look and find out.

Here's what's in today's issue:

  • Sam shares his thoughts on the EU banning crypto self-custody, BTC ETF’s week of negative flows, Mr 100 buying more BTC, bearish news regarding the ETH ETF and Gensler asking for $2.6 Billion to fight crypto.
  • This week on chain.
  • This week's trending coins by Rebecca.

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Has the EU Banned Crypto Self-Custody?

There was outrage on Crypto Twitter over the weekend in response to an article in Finbold reporting that new EU Anti-Money Laundering Regulation (AMLR) is, in effect, going to ban self-custody crypto wallets.

The ability to take care of your own assets, in a decentralized way and without third parties,

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