David Solomon emphasized that the EU’s extensive regulations inhibit investment, raise compliance costs, and place Europe at a disadvantage relative to the U.S. He urged the need for a reduction in these regulations to restore economic growth.
The EU is set to implement new measures under its Anti-Money Laundering Regulations, which will impose strict data collection on cryptocurrency transactions. This could negatively impact innovation within the crypto sector and shift businesses towards less compliant jurisdictions.
Leave a Reply